And you see their advertisements and brochures that are mailed to high school seniors enticing them to sign up for these for profit schools. What you don't know is that although Only 8% of high school graduates go to for-profit colleges and universities, but 30% of all student loan defaults are from these schools. What's going on here? Such a low number, 8% going on to these schools and such a high number of loan defaults. That's because they issue worthless degrees and entice these students into deep debt. (04:27–04:36)
CLAIM
Asserts that a small percentage of students attend for-profit colleges, yet they account for a large percentage of loan defaults.
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