Online Learning Update

November 11, 2017

Federal data shows 3.9 million students dropped out of college with debt in 2015 and 2016

Filed under: Online Learning News — Ray Schroeder @ 12:03 am

by Jill Barshay, Hechinger Report

ITT Technical Institute, a for-profit university, produced more than 64,000 dropouts with student loan debt in fiscal years 2015 and 2016 before it went bankrupt and shut down in September 2016. (AP Photo/Rich Pedroncelli, File) AP Photo/Rich Pedroncelli, File The saddest stories among those who owe some of the $1.3 trillion in student loan debt are those of college dropouts. They took out loans to go to school, hoping for a better life. But without college degrees, many don’t find good jobs to help pay back these loans. It not only ruins their lives, it’s terrible for the nation’s budget. The loans are financed by the federal government, ultimately leaving taxpayers on the hook.
Which schools are leaving taxpayers and students in the lurch most often? I ran some calculations, using the latest data, released in September.

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