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To: SeekAndFind
"For-profit institutions had the highest average three-year default rates at 22.7 percent, with public institutions following at 11 percent and private non-profit institutions at 7.5 percent."

http://www.ed.gov/news/press-releases/first-official-three-year-student-loan-default-rates-published

I'll take a guess that "for profit" schools that advertise on late night TV are more common in the high debt/high delinquency states.

5 posted on 04/14/2013 6:56:32 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Sooth2222

Student loans have become just another fraud ridden government program

It used to be you would get a loan to go to a accredited University or Junior College to get an education.

Nowadays, there are a ton of schools set up to pretty much split the money with the students and rip off the government with little or no intention to pay back the debt.


6 posted on 04/14/2013 7:12:02 AM PDT by rdcbn
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