[mlocher]

The loan default rate is the difference. The rate appears to be 2 to 3 times as high for the "for profit schools", although the article does not quite articulate it (I have to extrapolate from data given and use other sources.)

This of course, is not a surprise. If the student had the smarts to get into a higher caliber school, they would be more employable when they left. The issue is as much about the caliber of graduate as it is about the quality of education.

[TruthConquers]

It is already a fact that most college grads go back home to live, with 80% of them without a job. So, the loan default it higher with the “private for profit schools”?

The “non profit” colleges aren’t doing so great either.

The default rate is a red herring.

College is a government backed bubble. It is going to burst.

[napscoordinator]

I don’t understand why a student can’t attend a regular community college for two years and then transfer to the state school. Normally if you complete the community college with decent grades (2.0), the state school will accept you pretty “automatically”. However, you would probably have to attend one of the satellite schools throughout the states and perhaps not main campus. But it still seems smarter to do than what these folks have been doing.