Whose Fault Default?

[aka name]

Title: Whose Fault Default?
Date: December 16, 2009 06:46 PM
Author: by Daniel Luzer

The fact that more than 20 percent of students from for-profit schools default after three years is not evidence of some carryover bad financial habits from impoverished childhoods; it actually seems to indicate that they don’t make enough money after graduating to pay off the debt they incurred. That means that, in the most basic sense, a school like the University of Phoenix or ITT Technical Institute doesn’t actually work.

Source: http://www.washingtonmonthly.com/colleg ... ault_1.php