For-Profit Colleges

These students are almost FOR-PROFIT COLLEGES Зx more likely to default on loan payments Are they only after your money? than students from non-profit schools. Only 10% of students attend for-profit schools, but 25% of Federal student loans go to those schools. In the same way that government Students with loans 47% 61% 81% funding and aggressive lending created a housing bubble that left many people in financial of students of students of students ruin, for-profit schools are aggressively recruiting students and giving them loans to pay $30,900 for degrees that may not fetch jobs and might $30,000 never be paid off. The schools spend a lot on $26,600 marketing but not much on teaching. $25,000 $20,000 $15,600 $15,289 $15,000 $9,754 $9,418 $7,712 $10,000 $6,029 $2,659 $5,000 Per Student: Price of Attendance Spent on Instruction Loan Amount Price of Attendance Spent on Instruction Loan Amount Price of Attendance Spent on Instruction Loan Amount Average Amount Public Non-Profit Private Non-Profit Private For-Profit V ReadyForZero 4-Year Undergraduate Schools All figures in constant 2009-10 dollars Price of Attendance: tuition, fees, boolts, materials, living expenses; 2007-08 Spent on Instruotion and Loan Amount; 2008-09 Source: The Condition of Education 2011, U.S. Department of Education College of William and Mary University of Virginia Univ. of North Carolina Harvard University Princeton University Yale University Columbia University Standford University University of Pennsylvania University of Phoenix Grand Canyon University DeVry University Everest University Capella University Colorado Technical Univ. Univ. of California, L. A. University of Michigan Univ. of California, Berkeley