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One of the key factors driving the student debt bubble is "for profit" colleges. Many of these schools are scams to begin with, and prey on students who are des

One of the key factors driving the student debt bubble is "for profit" colleges. Many of these schools are scams to begin with, and prey on students who are desperate for a degree, but probably not qualified to attend college in the first place. They max out the debt load of their students, and really don't care if they graduate or get a job. Congress recently tried to crack down on these education scammers, but the for profit school lobby blocked any reform. The sad thing is, degrees from these schools are worse than worthless. When I see University of Phoenix on a resume, it's pretty much guaranteed to wind up in the trash. It makes it quite obvious that the holder of this "degree" is too dumb to get into a real academic program.

rjbond3rd 14y ago
> When I see University of Phoenix on a resume... the holder of this "degree" is too dumb to get into a real academic program. Perhaps, or just as likely, she/he had a family situation which prevented a traditional full-time academic path. Let's not equate personal or economic circumstances with intelligence.
- tdfx 14y ago
  In most areas, you can work through up to your junior year of college by attending evening community college classes and transfer to a state school to finish. There's never a good reason to attending one of these for-profit schools, except that you bought into their marketing hype and didn't do your own research.