Economy and Finance
The Inevitable Pop of the Student Loan Bubble
The worth of a college degree has now come into question because of the massive student loan bubble. An education is vital yet the monopoly on knowledge has been turned upside down with readily accessible information through technological changes.
The for-profit college model
Although for-profit institutions make up a small segment of the college going population, they make up a large portion of the private loan market:
Source: Project on Student Debt
“Students attending for-profit schools composed about 9% of all undergraduates, but 27% of those with private loans.”
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