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Never attend a for-profit college
Earlier this month, the Brookings Papers on Economic Activity released a report on what, precisely, is driving the massive wave of defaults on student loans. By cross-comparing federal student loan data with tax information provided by individual borrowers going back several decades, the report's authors found that the current crisis in student loan defaults is concentrated largely among "non-traditional" borrowers at for-profit colleges. These are students who turned to proprietary schools during and after the recession, and who emerged with hefty debt and poor job prospects regardless of whether they'd attained their degrees.
These Are the Worst Colleges in America
Many of these colleges are dropout factories, where students are unlikely to graduate and prices, debt levels, and student loan default rates are high.
The list features eleven private for-profit colleges and nine private non-profit institutions. No public universities are represented.
Best Colleges for Vets
The University of Nebraska Omaha is tops among four-year schools in our Best for Vets: Colleges 2015 rankings. University of Maryland University College led online and nontraditional schools, and Nebraska's Central Community College is once again our top-ranked two-year school. Read more
The lists: 4-year schools (website)
The lists: Online & nontraditional schools (website)
The lists: 2-year schools (website)
5 Colleges You Can Go to for Free
By Christina Couch | Bankrate.com
The Cooper Union
Location: New York City
Tuition price: Free tuition for all students. Students do have to pay for housing, lab fees and a $775 student fee per semester.
Value: $38,550 per year
College of the Ozarks Location: Point Lookout, Mo.
Tuition price: Free, not including room and board
Value: $17,900 per year
United States Coast Guard Academy
Location: New London, Conn.
Tuition price: Free
Value: $98,200 per year
Location: Glen Cove, N.Y.
Tuition price: Tuition is free for all admitted U.S. citizens and green card holders. This does not include room and board.
Value: $41,500 per year
Macaulay Honors College
Location: New York City
Tuition: It's free for in-state residents. All Macaulay enrollees also receive a laptop and $7,500 in "opportunity funds" that can be used for research projects, study abroad programs, internships and service initiatives.
Value: $5,430 per year for in-state students
Student Veterans of America
Washington D.C. 20013