Much as the government failed to fully consider the effects of encouraging millions of people to buy homes they could not afford, it doesn’t have firm data on how many millions of potential students can truly afford a college education… However complicated to derive, lifetime loan-default figures loom large over the Obama administration’s commitment to make Americans the world’s leader by 2020 in their proportion of college graduates. That’s because the goal, which would require almost doubling the current level of 20-million students graduating from college in a year, will almost certainly require a vast expansion of the sector most capable of rapid growth: for-profit colleges. And the limited loan-default data now available show students who attended for-profit institutions fare the worst.

Read full article [here].
by Paul Basken, The Chronicle of Higher Education.

Posted: June 22nd, 2010, by: admin. Categories: . Awaiting Comments.