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(DOWNLOAD) "The Truth About Student Loans" by Corey King # Book PDF Kindle ePub Free

The Truth About Student Loans

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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


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