Looking back, Sweet admits that she was naive in trusting the recruiters. But she can’t help but wonder how she ever qualified for the loans in the first place, especially given that when she applied she was unemployed. If it were me, I never would have loaned me the money, she says. Who in their right mind would lend $100,000 in unsecured debt to an art major?
Like Sweet https://getbadcreditloan.com/payday-loans-ca/sunnyvale/, graduates of proprietary colleges often struggle to find jobs in their fields. This is because, in many cases, they don’t get the skills they need to compete. After all, it’s far easier and less expensive for schools to boost enrollment numbers through aggressive advertising and recruitment than to expend the resources to build quality schools. Continue reading These loans could prove to be even more toxic than the private ones offered by Sallie Mae