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Response to marmar (Original post)

Sun May 13, 2012, 04:54 PM

13. Some observations

When my daughter was down for Engineering Days at the University of Iowa they had about 20 students that were helping. They went and asked each one if they were on track to graduate in 4 years. All but one double major said yes. You could tell that the school took this very seriously (our state schools have 4 year graduation plans that promise that the courses you need to graduate semester will be offered and you will get the chance to take them each semester.

I suspect admissions officers of the shakier institutions prey upon the dreams of individuals (kind of like really good car salesmen). You can see it in the slick advertisements for for profit colleges. I think every recipient institution of student loan money should disclose on their advertisements their current default rate (such as University of Phoenix at 18.8%, ITT Indianapolis at 22.6%, Kaplan at Davenport at 17.3%, and Devry at Chicago at 14.2%). Actually schools with default rates higher than 10% should not participate in student loan/grant programs but it is a start.

Some well known institutions with the highest default numbers:

Penn State at 4.2%
Arizona State at 3.9%
Rutgers at 2.9%
University of Minnesota at 1.7%


I took a table on the government web site and ordered it by the biggest damage (number of defaults). The University of Phoenix is the worst at 186,090 (a truly breathtaking number).

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marmar May 2012 OP
xchrom May 2012 #1
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