(DOWNLOAD) "The Truth About Student Loans" by Corey King # Book PDF Kindle ePub Free
eBook details
- Title: The Truth About Student Loans
- Author : Corey King
- Release Date : January 14, 2020
- Genre: Study Aids,Books,Reference,Professional & Technical,Education,
- Pages : * pages
- Size : 838 KB
Description
Student loan debt has topped $1.5 trillion in recent years, making it the largest type of consumer debt outstanding other than mortgages.
The average student loan borrower graduates with nearly $30,000 in debt.
The CFPB estimates that over 1-in-4 borrowers are delinquent or have defaulted on their student loan debt.
One predictor of borrower distress is whether the student attended a for-profit college. While only small minority of students enroll at a for-profit, these schools generate the largest share of defaults on federal student loans. In addition, investigations of large for-profit college chains such as ITT and Corinthian have revealed that private student loan programs offered at these schools have default rates of over 60%.
African Americans and Latinos disproportionately enroll at for-profit colleges, and have higher debt levels and lower completion rates than their counterparts attending public or private, non-profit schools, placing them at particular risk. SMH