Debt worst at for-profit colleges, report finds
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 advocacy.collegeboard.org/ sites/default/files/Trends- Who-Borrows-Most-Brief.pdf.