How to rip off student loans

[kj]

JoeH wrote:
Just like you say kj, you don't know the specifics. The default rate on student loans connected to regular, accredited institutions is around 5% overall as compared to 15% at the for-profit schools.

I don't know what you mean by that, but what I meant is that I don't know exactly what happens when people can't pay their student loans. I've known people who were not able to pay them, and I know I received a lot of calls (as their supervisor) from collection agencies. I don't know much more, except that they never paid them. So forgiven or not, they're not paying. Was the reality of it a lot different before the "blanket ban"?

I've read that about half of all defaults on student loans involve for-profit schools. And surely a lot less than half the students attend these schools, so I assume (as you say) default is much higher at the for-profit schools. At any rate, you seem to have some sort of beef with what I've said, but I'm not sure I understand what it is. kj.