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Debt worst at for-profit colleges, report finds

Tue., April 27, 2010, midnight

Officials urge students to consider overall cost

LOS ANGELES – Students who attend for-profit colleges graduate on average with much larger student loans than those who attended public or private nonprofit schools, according to a College Board report released Monday. As a result, officials urge students to consider their choices of colleges very carefully.

Sandy Baum, the report’s co-author and a policy analyst for the College Board, said that for-profit schools may be the right decision for many students, but she said people should be cautious and consider their alternatives.

For-profit schools tend to offer less in outright grant aid and enroll more lower-income students than colleges in the other categories, she said.

To see the report, go to sites/default/files/Trends- Who-Borrows-Most-Brief.pdf.


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