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A comment on I dropped out of MIT and started a new college in San Francisco, AMA. Parent comment

Re:I dropped out of MIT and started a new college in San Fra... by forgingahead on Thursday September 26, 2019 @10:43AM (#21081317)
Nothing in your cited article provides proof for the claim that majority of student loan debt is from for-profit colleges. Is this even true? 1.5 trillion of student loan debt, and the bulk comes from University of Phoenix and the like?

Doesn't seem plausible, especially after your linked article claims that University of Phoenix spent 400,000 a day on Google in 2012. Their source? A Reuters article that used SpyFu as its source.

This rabbit hole is insane -- is there any true information out there any more?

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Re:I dropped out of MIT and started a new college in San Fra... by ac29 on Thursday September 26, 2019 @01:30PM (#21083240)
Here's some real statistics, and there is a relatively small difference between public colleges and private for-profit ones.

80.3% of public college students received aid in 2016-2017, with an average loan amount of $6584.

85.2% of private for-profit college students received aid in 2016-2017, with an average loan amount of $8048.

https://nces.ed.gov/programs/digest/d18/tables/dt18_331.20.a...

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