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Bloomberg Business week reports that graduates of for-profit colleges have median debt of $31,190. Their loans are crippling. The loans can rarely be discharged in bankruptcy and subject students to have part of their salary, tax refund, and social security payments withheld. What’s worse is that the graduates may not qualify for future financial aid for a better education. The degrees students are receiving is not translating into a higher income to pay off the loans.
Click here for the full article: http://www.businessweek.com/magazine/content/11_03/b4211018017031.htm