Bad risks, cash cows

On Community College Spotlight:  Long-term default rates on student loans are high: 31 percent of community college students default on their loans.  Also, crowded community colleges cash in on foreign students. And an LA Times columnist objects to outsourcing community college classes to the for-profit sector.

About Joanne


  1. The government should get out of the student loan business and regulations for ALL kinds of loans should be based only on the likelihood of repayment. Let’s learn from recent history; don’t loan to high-risk people. For educational loans, that risk assessment should include not only grades and test scores but field of study; some majors give much higher chances of employment at a level that will enable repayment.


  1. […] This post was mentioned on Twitter by kriley19, JoanneLeeJacobs. JoanneLeeJacobs said: New blog post: Bad risks, cash cows […]