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Why so many students from for-profit schools are left in debt limbo

Publicado por Valentina Tolosa en 14 marzo, 2022

Why so many students from for-profit schools are left in debt limbo

Students who attend for-profit college and training programs are more likely to borrow, borrow more and struggle to repay their loans. Not only that, but the overall graduation rate at for-profit institutions is https://guaranteedinstallmentloans.com/payday-loans-ca/ just 27 percent. Meanwhile, a number of schools have shuttered, leaving former attendees with debt and no way to pay it back. Special correspondent Lizzie O’Leary reports.

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Marketplace’s Lizzie O’Leary has the story. It’s part of our series How the Deck Is Stacked. It’s in partnership with “Frontline” and Marketplace, and funded by the Corporation for Public Broadcasting.

Before she became a mother, New Yorker Danielle Adorno (ph) dreamed of working as a pastry chef. When she came across ads for the Art Institute of New York, it seemed like a great fit. And she says school administrators promised her a lot.

They were very adamant on like their job placement rates, boasting over like 90 percent job placement, boasting about their chef instructors working at Nobu and all these high-end restaurants. You would think, oh, OK, I’m going to get the quality education that I’m looking for, because that’s what it’s about, quality.

You know, I figure, if I’m going to pay that much – that amount of money for such a short program, I’m going to be getting something out of it. Continue Reading

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