A Lot More Students Can't Pay Back Loans, Especially from For-Profit Colleges (8-26-2018)
Regarding student debt: The averages don't sound too bad ($6,600 is the average for one year and $22,000 for a degree) the default rates are climbing pretty fast. For profit colleges have the highest rates of students who are in default or, in other words, are in over their heads in debt and cannot pay back the loan on time, up to about 1 of 4 people. This is from official government statistics, as reported by the New York Times (see below). So, watch out with any student loan, but be especially careful at the for-profit colleges, which more students are in default at. Beware of for-profit colleges degrees that may not provide the jobs or paychecks based on their assurances only. Do your research on job openings, pay for beginning jobs and for certain find some graduates to talk to before you sign up. Just "being in school" isn't worth it if you have too much debt to pay back. See "The Student Debt Problem is Worse Than We Imagined," by Ben Miller, 8-26-18 in the New York Times,
https://www.nytimes.com/interactive/2018/08/25/opinion/sunday/student-debt-loan-default-college.html....