Thursday, February 9, 2012

Student Debt Mills

The real problem with student debt comes not from those who went to expensive universities with a national reputation. Most of these students are bright enough that they will dig their way out of debt. The real problem is the for profit schools like culinary schools which put students into almost as much debt as those universities but do not teach them any skills likely to lead to a job which can pay the loans.

I was glad to see California finally is taking this seriously, revoking cal grants to some of these schools which hopefully will put some of them out of business.

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