Students from poorer backgrounds studying for degrees at America’s non-selective private colleges, offering higher education to students from poorer backgrounds, are being left with staggering amounts of debt, according to a study by Credit Karma. The study, which looked at the debt levels and earnings potential of more than 100,000 recent college graduates, found that those who attended for-profit colleges had an average student loan balance of $47,500, while their peers The study also found the financial problem was compounded by the fact many students didn’t graduate, with just 16 % of students graduating from one college.
Students from poorer backgrounds studying for degrees at America’s non-selective private colleges, offering higher education to students from poorer backgrounds, are being left with staggering amounts of debt, according to a study by Credit Karma. Some students were facing debts of USD 100,000 after a four-year course, with one college’s average pay on graduation reaching USD 32,700. The study also found the financial problem was compounded by the fact many students didn’t graduate, with just 16 % of students graduating from one college.