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Should these college students pay back their loans?

Just like you (unless of course you graduated debt free, then congrats!), I had student loans to pay back long after I graduated. But I attended a traditional, private, four-year college. However, some students who attended for-profit colleges joined the Department of Education (DOE) in a meeting hosted by the U.S. Consumer Financial Protection Bureau (CFPB).

Student loans are a common issue among college students. (Credit: Cagle Cartoons)

Student loans are a common issue among college students. (Credit: Cagle Cartoons)

The students, who represented hundreds of others, had taken out federal financial aid as well as private student loans to attend Corinthian College. They say they are not repaying their loans. Does this seem fair? Let’s discuss it. Read more

Increase in college enrollment: pros and cons

College enrollment has increased dramatically after the financial crisis of 2008 as newly unemployed professionals as well as young adult college students hope to attain the best college degrees so they can be more employable and find a lucrative career. According to the U.S. Department of Education, National Center for Education Statistics, between 2001 and 2011, enrollment increased 32 percent to a total of 21 million students.

Learn how an increase in college enrollment affects you. (Credit: Edsteinink.com)

Learn how an increase in college enrollment affects you. (Credit: Edsteinink.com)

The percentage increase of students older than 25 is larger than that of younger students. Here is some discussion on attracting and enrolling the non-traditional student, competition for jobs among degree holders and the economic pros and cons of the increase in college enrollment. Read more

Department of Education regulations: Gainful employment pros and cons

In February 2011, the House of Representatives approved an amendment that would stop Department of Education regulations known as “gainful employment.” These regulations attempt to clarify the definition of “gainful employment,” a concept first outlined in the Higher Education Act of 1965. In a paper by Mark Kantrowitz entitled “Student Aid Policy Analysis – What Is Gainful Employment?,” he writes,  “The Higher Education Act of 1965 requires for-profit colleges to provide ‘an eligible program of training to prepare students for gainful employment in a recognized occupation’ but does not currently define gainful employment.” Thus, the need for clarification! Read more