The vast majority of students who attend a for-profit college take out loans to finance their education. According to the National Postsecondary Student Aid Survey, 95.4 percent of students at two-year for-profit schools, and 93.4 percent at four-year for-profit schools, took out federal student loans in 2007-08. By comparison, only 16.6 percent of students attending […]
For-profit education companies claim to offer access to higher education to low-income and minority students. Data analysis of 16 for-profit schools indicates that students are more likely to leave without a diploma while being straddled with debt. Enrollment is growing even more quickly than previously understood and masks high withdrawal rates: Annual enrollment measures fail […]
Part 3 of How to Choose a Credit Counselor. If your financial problems stem from too much debt or your inability to repay your debts, a credit counseling agency may recommend that you enroll in a debt management plan. A Debt Management Plan alone is not credit counseling, and Debt Management Plans are not for […]
An education beyond high school is an investment in your future. It can be expensive and often requires you or your family to take out loans to help pay for it. Student loans fall into two categories, federal loans and private loans. Federal loans, which are subject to oversight and regulation by the federal government, […]