Source: The “genius” of the market: For-profit colleges are ripping off NC students, targeting African-Americans – The Progressive Pulse
As higher education costs continue to rise, new research by the Center for Responsible Lending (CRL) analyzes the debts and outcomes resulting from a wide-ranging choice of institutions – both public and private nonprofits and for-profit colleges located in North Carolina. NC Student Loan Calculus found that choices in higher education can either be a boost or a burden to students and their families.
“When borrowers who attend public and private colleges leave school,” states the report, “they can afford to repay their loans. By contrast, North Carolina’s for-profit post-secondary institutions are more expensive and borrowers are less likely to be able to repay their loans when they leave. … [T]he question is not merely one of dealing with outstanding debt, but rather whether the underlying degree is a product that is one of value.”