For students at for-profit colleges, wrong mix of loans can be toxic | WHAT REALLY HAPPENED

For students at for-profit colleges, wrong mix of loans can be toxic

Kimberly Garrison has been struggling with her student loans for a full decade. Unable to land a job with her computer networking associate’s degree, the Homestead woman missed payments, which led to her wages being garnished — about $700 per month. When Garrison received an inheritance after the death of her grandmother, she put the full $10,000 toward her loan debt, she says, in hopes of getting it under control.

Still, the $35,168 she borrowed from 2003 to 2005 to attend the Miami campus of ITT Tech has grown to $62,030.

Webmaster's Commentary: 

Higher education used to be about getting a better education and job. Today, under the influence of the money-junkies, it is just another way to plunge Americans onto that debt-hook for life!

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