Federal Investment In Junk College Majors
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Title : Federal Investment In Junk College Majors
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Title : Federal Investment In Junk College Majors
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news-today.world | Students Pursuing Risky Degrees Draw More Than $25 Billion In Yearly Federal Loans
Noël Flynn is spending more than 80 percent of her income to pay back tens of thousands of dollars in debt for her Art Therapy degree. In 2016 alone, the Department of Education loaned $25.9 billion to students who, like Flynn, chose degrees under the umbrella of the liberal arts and humanities, an analysis by The Daily Caller News Foundation found.
A significant portion of those students are unlikely to have the means to pay back their debt after graduating.
“I find myself struggling financially, and the biggest reason why is student loans,” said Flynn, 23, who says she was told the loans “wouldn’t be overwhelming” once she graduated.
Most federal student loan programs do not require a credit check, nor do they require a cosigner. Rather, the loans are backed by nothing more than the borrower’s future earnings with a college degree, but the kind of degree isn’t a consideration in the loan process.
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Noël Flynn is spending more than 80 percent of her income to pay back tens of thousands of dollars in debt for her Art Therapy degree. In 2016 alone, the Department of Education loaned $25.9 billion to students who, like Flynn, chose degrees under the umbrella of the liberal arts and humanities, an analysis by The Daily Caller News Foundation found.
A significant portion of those students are unlikely to have the means to pay back their debt after graduating.
“I find myself struggling financially, and the biggest reason why is student loans,” said Flynn, 23, who says she was told the loans “wouldn’t be overwhelming” once she graduated.
Most federal student loan programs do not require a credit check, nor do they require a cosigner. Rather, the loans are backed by nothing more than the borrower’s future earnings with a college degree, but the kind of degree isn’t a consideration in the loan process.
More
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You are now reading the article Federal Investment In Junk College Majors With link address https://newstoday-ok.blogspot.com/2018/04/federal-investment-in-junk-college.html