New data from the Center for Responsible Lending (CRL) shows for-profit college students continue to be less likely to graduate than their counterparts at public or private nonprofit institutions. These student-borrowers carry more debt regardless of whether they graduate, and they default on that debt at higher rates, often because a for-profit college degree does not provide the anticipated access to higher-paying jobs. Kelly Tornow, Director of North Carolina Policy at the Center, discusses the findings. Learn more: The State of For-Profit Colleges.
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