General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThese are the schools driving America’s student loan crisis.
These are the schools driving Americas student loan crisis.By Jim Tankersley and Danielle Douglas-Gabriel September 10 at 1:00 PM
In August 2014, network technicians opened a special connection between computers at the federal departments of Education and Treasury. On nights and weekends throughout the month, that connection delivered to Treasury some 46 millions of pieces of information about student borrowers in the United States, including their financial situations when they started and left college, their incomes after school and whether or not they kept up with their loans.
After taking pains to protect the privacy of individual students, Treasury's deputy assistant secretary for tax analysis, Adam Looney, and a Stanford University economics graduate student named Constantine Yannelis began sifting the loan data for patterns. They wanted more information on what many political leaders have dubbed an economic and educational crisis in the United States - a spike in the number of students who have defaulted on their loans in recent years.
It was just constant amazement," Looney said in an interview. "You see things for the first time. It is very hard to see whats going on in the loan market from published statistics and what you can find online."
What they saw was less of a national crisis than a very localized one: The surge in defaults was largely concentrated among relatively older, lower-income students who attended for-profit colleges.
....
no_hypocrisy
(46,378 posts)yeoman6987
(14,449 posts)Penn state surprises me though.
hifiguy
(33,688 posts)"Private enterprise" is scamming the students, and the taxpayers, by selling worthless shit at inflated prices.
And it is no surprise to see Falwell's diploma mill on the list.
Act_of_Reparation
(9,116 posts)I once interviewed with a University of Phoenix branch campus, just for the lulz.
After some fresh-faced, enthusiastic 20-something team-player asked me what kind of animal I'd like to be, I asked them what they were doing to fix their retention rate. Nervous looks were exchanged. I was not offered the job.
hifiguy
(33,688 posts)and the job placement even moreso. The bills are very effin' real, though.
Act_of_Reparation
(9,116 posts)The interview consisted of two sessions: a group session and an individual interview.
The group session was a circus of ridiculous tests and games ostensibly designed to suss out the team players from anyone unreasonable enough to want an 8-to-5 job they could leave at the door at the end of the day. The vast majority of those interviewed were University of Phoenix "graduates", and every single one of them reeked of desperation. As the session's tasks become progressively deprecating, the U. Phoenix grads happily tossed their dignity out the window and made idiots of themselves in front of their peers.
They'll fool you into buying their product and then toss you to the wolves. If you make it out of the pit with your sheepskin, maybe... maybe they'll let you join the team, so you can con other people, too. Such a promising future.
Orrex
(63,317 posts)I'm on track to have my great, great-grandchildren pay off my loans.
YabaDabaNoDinoNo
(460 posts)Kiddie Rape and Football ya must be proud to be a alum of kiddie rape u!
mahatmakanejeeves
(57,859 posts)Great logic.
Human101948
(3,457 posts)was interfered with just because coaches were running a child rape ring. Paterno knew what was going on.
I heard plenty of Penn State fans bitching bitterly about the inconvenience.
Act_of_Reparation
(9,116 posts)I remember a mob of deeply upset undergrads rampaging through University Park, causing some $200,000 worth of damage.
That said, there are some 45,000 students at the University Park campus alone. A great many of them, I imagine, were not involved in these shenanigans.
KamaAina
(78,249 posts)YabaDabaNoDinoNo
(460 posts)Guy and St Joe kinda sorta did something but Football
The Catholic Church has/had a similar problem with authority figures raping kids but the Church does not have football to protect them. He'll even God can't protect the church however football has more power and forgives more sons even big one like kiddie rape
KamaAina
(78,249 posts)because of the play on words.
Orrex
(63,317 posts)Also, no matter what you hear to the contrary, everyone knew there was something fishy about Sandusky, even before I left town in 1999. That whole "we never had any clue" defense was bullshit.
YabaDabaNoDinoNo
(460 posts)It could make an interesting class action suit
Orrex
(63,317 posts)Regardless of the inconvenience I might perceive, it's laughably insignificant compared to the years-long campaign of child rape, and any effort to be compensated for my inconvenience would be a crass trivialization of the abuse they endured.
msongs
(67,544 posts)KamaAina
(78,249 posts)Places like Arizona State and Ohio State are huge, so naturally their totals are going to be high.
hifiguy
(33,688 posts)When I was a freshman, the U of MN Twin Cities had the largest enrollment of any campus in the nation. I think it's OSU nowdays.
leveymg
(36,418 posts)I've seen ads in my field that state that the required degree must be from an established university. HR staffs and hiring partners often simply reject resumes listing these degree mills.
hifiguy
(33,688 posts)They're not worth the paper they're printed on. Same goes for the religulous diploma mills, unless the would-be employer is also a fundy nut.
Yavin4
(35,459 posts)The current bias against it will change with technology just like everything else. It severely cuts costs and is far more effective at educating people than sitting in a classroom. I'm currently taking an online statistics course as a refresher for my field, and I'm learning more than when I took it in college. I'm also taking other courses that are not offered by continuing education programs.
Yes, there are a lot of hucksters out there but they will be weeded out over time.
Initech
(100,174 posts)An absolute must see if you haven't already:
After seeing this, not going to ITT was one of the best decisions I ever made.
hifiguy
(33,688 posts)Initech
(100,174 posts)Rex
(65,616 posts)Their degrees are a joke among real colleges.
joeybee12
(56,177 posts)Or at least there needs to be some oversight...although that in itself might run most of them out of business.
Rex
(65,616 posts)I would think the Dept of Education would want to have more oversight over these for-profit schools since they seem to be the main cause of student debt. Maybe they are.
hifiguy
(33,688 posts)Soon to be retiring MN rep John Kline (R- what else?) has been running interference for the predator phony schools ever since they started giving nice fat bags of campaign contributions.
See: http://www.citypages.com/news/john-kline-keeps-raking-in-for-profit-college-cash-7485382
Rex
(65,616 posts)Jesus that is depressing.
yeoman6987
(14,449 posts)Sure they do some marketing but really high school guidance counselor are the failure here. State schools should be first choice of everyone and schools should stop trying to get students into ology majors unless they absolutely want a PHD. Many students with sociology degrees who stopped at the bachelors degree are working at Walmart and mcdonalds. Guidance counselor should have to start explaining what it means to have certain majors.
pstokely
(10,545 posts)The same demographic the rent to own stores go after. They don't have any relatives who are alums of a real college. How many 2nd or 3rd generation Everest or University of Phoenix alums are there?
Liberal_in_LA
(44,397 posts)Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.