Bad Morals: For Profit Schools That Just Won’t Say No!

You would think that, with all the negative attention focused on for-profit schools these days, they would be rushing – or at least trying – to clean up their acts.  But these tigers just can’t change their stripes.  Their desire to enroll more and more students – and then keep them in school paying tuition. . .
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Ask about a school’s default rate before you enroll.

  Schools with high default rates usually blame them on:  1) the economy; 2) the type of students they enroll; or 3) both.  If the economy isn’t producing jobs, then graduates won’t get jobs, and in turn, they won’t be able them to repay their student loans.  This is particularly true for students from low-income. . .
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Who Bears The Risks Associated With For-Profit School Tuition?

You do.  I do.  All taxpayers do.  And who gets the rewards?  The for-profit schools, and sometimes their students. For-profit schools have been criticized for “privatizing profit and socializing risk.”  This means that once the school gets the student’s tuition, the money is its to keep.  Tuition refund schedules are often front-loaded, so that by. . .
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Can You Get Your Student Loan Discharged?

Obviously, the best relief you can hope for is to get your student loan discharged.  A loan that is discharged is effectively forgiven, and you get a new start – you can even apply for another student loan, if you are so inclined. There are five major ways a student loan can be discharged.  You. . .
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What If Your Student Loan Payment Is Just Too Big?

Almost everyone starts off wanting to repay their student loans.  Not everyone gets there, though.  Some people succeed in getting a job, but just don’t make enough money to cover their entire monthly loan payment.  Some people get jobs that don’t pay much, but believe that if they pay their dues in a low level. . .
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