Last week, Gawker ran an article citing the top ten traditional universities that have the highest student debt. The data was pulled by a recent study by the Department of Education, which actually revealed that the top three institutions with highest student debt are actually for-profit schools, which are often criticized for not leading to lucrative-enough careers. Controversial legislation has even been passed regarding this issue. What’s a for-profit college? Think DeVry and University of Pheonix. These schools offer a range of degrees (think X-ray technician certifications to master’s degrees) and are run by private, profit-seeking companies or groups, which makes them an easy target for public criticism. However, this list focused on the traditional institutions that rack up the most student debt, as a large part of the U.S.’s college-going culture seeks admission to these revered schools. It’s important to note that these prestigious universities, also, do not leave students’ wallets unscathed. [...]
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