Tag Archives: loans
Student Loan Debt Spirals at For-Profit Colleges (Page 1 of 2)
Despite the publicity in recent years surrounding an ostensible “student loan crisis” that has saddled a generation of college students and their parents with overwhelming amounts of student loan debt, a large number of college students are actually graduating with little or no debt from student loans, newly released data has revealed.
However, the likelihood that a college student will take on any student loan debt depends largely on the type of school he or she attends, with students at for-profit career schools, online schools, vocational training programs, and other for-profit institutions tending to rely on student loans in much higher proportions.
Many College Students Eschewing Student Loans
About one in three college graduates leaves school without any debt from student loans, according to data compiled by the U.S. Department of Education as part of its National Postsecondary Student Aid Study, which is conducted every four years.
Of those students who earned a bachelors degree in the 200708 academic year, 34 percent graduated with no debt from student loans a figure that has held steady over the past four years. Of those students who earned either a two-year or four-year degree or certificate, 41 percent graduated with no student loan debt.
The For-Profit Exception: Student Loan Debt Saturates Career Schools
A breakdown of the NPSAS student loan debt data, however, reveals that student loan borrowing diverges widely across types of higher education institutions, with students at for-profit colleges borrowing money for their education more often and in larger amounts.
Virtually all for-profit students are graduating with at least some debt from college loans.
Among graduates of two-year associate degree programs, for example, whereas only 38 percent of those in public programs left school with at least one education loan, 98 percent of those in for-profit programs did so.
Among graduates of two-year certificate programs, only 30 percent of students in public programs left school with education debt, while 90 percent of students in the for-profit programs did so.
Of those students who earned bachelors degrees, 62 percent of those in public four-year programs and 72 percent of those in private four-year programs graduated with debt from student loans, while 96 percent of students in for-profit bachelors programs did.
More Private Student Loans Seen at Career Schools
Students in for-profit programs were also more likely than their private and public counterparts to leave school with debt from non-federal private student loans.
Overall, 30 percent of students earning a higher education degree in 200708 had taken out private student loans. But the percentages were much higher among students of for-profit schools.
Among graduates of associate degree programs, 60 percent of those in for-profit programs had taken on debt from private student loans, compared to just 15 percent of those in public two-year programs.
Bad Credit Computer Loans: Available and a Great Relief
Importance of computers has already been acknowledged all over the world. It is obvious that every human being who has some kind of jobs at home or in office or in working place requires a computer for his own use. There is no scarcity of computers in the markets and they are so plenty and so equipped with enchanting features that securing one of them may appear as more than a dream. Still it is not accessible to some persons unless they borrow the necessary money to purchase it. It is more so if a person has been tagged with history of bad credit. It is possible that he has failed to clear earlier loans and records show his arrears, defaulting, late payment, CCJs, IVAs and such features. Still he can buy a computer for which there are provisions of bad credit computer loans.
He will get a computer after he secures a loan and it is possible only following the norms of the finance markets. He may get the loan in either of the two variants: secured form and unsecured form.
Does he own a home of his own? In this case he is eligible for getting loan in the secured form. He will just have to provide evidence in support of his ownership of the home to be pledged as collateral property. He will get equal facility if he has other kind of property which may be used as collateral. Importance of this variant is that he will have to repay the loan at easy installments and he will require to pay interest at lower rate.
It is another thing if he has nothing to produce as collateral. He will still find lenders in the markets who will be ready to give him loan after scrutinizing certain information. The lenders want to confirm if their investment in such financial sphere will be productive or not. As this is unsecured variant interest for the loans is charged at a higher rate and repayment period is made much shorter.
In the markets there are several computer companies which sell their product under easy monthly installments. If the borrower is able to pay a part of the price at the time when he is buying one it is good for both the parties. The internet is full of different web sites where a person can apply online to any company of his choice. He will have opportunity to carefully study and compare different rates of the computers and terms and conditions of bad credit computer loans before submission of his application.