It would be much *much* more instructive if you break out enrollment in -- and defaults from -- for-profit colleges and universities. It's actually not the $100K-in-debt medical students in trouble, it's the $20K-in-debt-and-didn't-graduate low-income students.
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That’s actually not the case. For profits are certainly among the worst offenders, but there are many more defaults for public two-year colleges.
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Can you point me to some data? I can't find the article I wrote four years back, but at the time, FPEs accounted for enormously disproportionate amount (might have been less on absolute level, but -- if I remember -- 3X on relative basis)
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I’ll have to dig. As a percentage of students defaults are higher in for profit. As a cumulative number it’s smaller than public two years.
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Agreed. My recollection is foggy, I remember the disproportion, not the absolutes.
End of conversation
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And graduation rates...particularly for 1st gen low income students. Making it into college w/o right support systems can be devastating.
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The interesting point would to be to juxtapose financial (non loan) aid between the lower income and middle income families.
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