Students at for -
profit colleges borrow the most, and students at public colleges borrow the least.
Students at for -
profit colleges borrow the most.
Not exact matches
A September study published by the Brookings Institution found that a large share of the growth in the number of students struggling to pay off their loans over the past several years is tied to students
borrowing to go to for -
profit schools and to a smaller extent two - year community
college.
But since less than half of community
college entrants ever
borrow, compared with nearly 90 percent of for -
profit entrants, this understates the differences between these sectors.
[2] More recent work that tracks debt outcomes for individual borrowers documents that the main problem is not high levels of debt per student (in fact, defaults are lower among those who
borrow more, since this typically indicates higher levels of
college attainment), but rather the low earnings of dropout and for -
profit students, who have high rates of default even on relatively small debts.
During the 2010 — 11 school year, students
borrowed $ 24 billion from the U.S. Department of Education to attend for -
profit colleges.
The Trump University brand merely
borrowed from other for -
profit colleges, following alleged fraudulent practices pioneered by the likes of ITT Tech, Corinthian
Colleges, and others.
The majority of dropouts at all
colleges, except for community
colleges, had at least some debt: $ 10,400 among students who
borrowed at private nonprofit
colleges, $ 9,300 at public
colleges and $ 7,500 at for -
profit colleges.