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Business Does It Better? Top 3 Private For-Profit Universities have Staggering Loan Default Rate

A week ago, I wrote to share the news that a quarter of students departing the private for-profit Kaplan University are so desperate that they default on their student loans. Defaulting on student loans is a big deal: it absolutely wrecks a person’s credit rating, it leads to harassment by collecting agencies, and is almost [...]

Private-Sector Success? 1 out of 4 Kaplan Students Default on Loans within 3 years

Some Americans are gung-ho about the private sector. They like to say that anything the government can do, business can do better.

How do we then explain the fact (taken from statistics maintained by the Department of Education) 1 out of 4 students at Kaplan University, one of the three largest private for-profit universities in [...]

Fresh Off Hikes to Student Loan Rates, Congressional Republicans Vote to Abolish Food Stamp Program

On Wednesday, Republicans in the Senate voted to double undergraduate student loan interest rates from 3.4% to 6.8%, making it more difficult for people to lift themselves out of economic struggle by earning a college degree.

One of the transformations associated with earning a college degree is decreased dependence on government services like SNAP, the [...]

49 Senators Vote to Double Student Loan Rates (Are Your Senators on the List?)

51 members of the United States Senate voted yesterday for S.1238, a bill to keep the interest rate for undergraduate loans at an annual rate of 3.4% rather than double the student loan rate to 6.8% per year. That’s a bare majority in favor of keeping a university education more affordable for Americans. Low student [...]