And it’s not just the University of Phoenix. This was true of at least 514 colleges and universities in 2013. http://dev.takepart.com/article/2013/07/08/student-loan-default-rates-rise-graduation-rates/index.html …
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Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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What’s your sourcing for this data point? Don’t want to blind retweet something just because it supports a narrative I agree with. :)
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I’ve linked a few sources above. Here’s another http://dev.takepart.com/article/2013/07/08/student-loan-default-rates-rise-graduation-rates/index.html …
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Source? Seems plausible, just would like to see that data before I RT.
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You can download data here https://www.usnews.com/news/data-mine/articles/2017-11-07/federal-data-show-39-million-students-dropped-out-of-college-with-debt-in-2015-and-2016 … or find a ton of other sources citing the phenomenon. Not hard when a tiny fraction graduate
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Thanks...that was a great (and troubling) article.
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So many feel a degree is the only way to success in life - and I can't fill auto mechanic positions that pay $80k to start....
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How much school does it take to become a mechanic?
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There are "good&bad" programs out there, but the trade school I normally hire from is 51 weeks.
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Got my Associates Degree in Automotive Technology from
@MercerCollege and kept going from there—Eventually became Assistant Principal at@Scvts - love all the Vocational Programs!!!!!@DynamicDuda338#WonderTwinspic.twitter.com/kwFeObIBsC
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We've done charity based education. We've done taxpayer funded education. We've done debt traps disguised as education. Maybe it's time to take an equity stake in students?
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Indentured servitude FTW
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No more so than debt financed education. Considerably less so; if you don't earn, you don't owe. Institutions take on considerably more risk. Theoretically, this means only players that can consistently deliver earners will survive.
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If
@AustenAllred's model thrives enough to build a market around trading earnings contracts and futures, it might spawn better metrics for evaluating even traditional non- and for-profit institutions. I'm liking this approach more and more every day. -
I like it - need to read up. Initial edge cases that pop into mind are performance variance (human shit), bottom-feeding (junk bonds), and hyper-speculation (derivatives^n). But will read up. Exciting idea.
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That's alarming. How is UPhoenix still legal?
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That's because students "enroll" in classes just to qualify for the student loans. They don't use the $$ for college but for other things. They expect it to be forgiven eventuallyhttps://www.zerohedge.com/news/2014-11-19/what-do-college-undergrads-spend-their-student-loans-high-school-classes …
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Want an even more insane stat? No
@LambdaSchool student will ever default or have to take out loans.Thanks. Twitter will use this to make your timeline better. UndoUndo
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