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You'd probably be surprised at how many of the student loans in default came from trade schools. I know the narrative is that all the people in student loan tro
by Turing_Machine 4y ago
You'd probably be surprised at how many of the student loans in default came from trade schools. I know the narrative is that all the people in student loan trouble majored in Bulgarian folk singing or whatever, but that's not anything like an accurate picture.
The largest outright student loan cancellation in recent years was for former students of ITT Tech, which was a trade school.
- rustybelt 4y agoWas it? How many plumbers, carpenters, or electricians came out of ITT tech?
- Turing_Machine 4y agoThey had drafting and electronics technician programs, both of which would be considered trades, not professional degrees. "Trade school" generally includes stuff like that. Also cosmetology schools, truck driving schools, and so on.
- ticviking 4y agoWhat happened a lot of the time is people choose the easiest program and it produces a wild oversupply in that field. Meanwhile we will basically always have an under supply of plumbers and septic technicians cause most folks hate the idea of working with sewage.
- throwoutway 4y ago> The largest outright student loan cancellation in recent years was for former students of ITT Tech, which was a trade school. I don’t see how A massive fraud is even a relevant argument here. This isn’t a trade school like welders, plumbers, etc. and it certainly doesn’t justify the non-fraud subsidies