She attended Columbia college of Chicago, a for-profit private vocational (arts) college. Average cost 25k/year after aid. Either mom and dad paid for that so she has no bills, or she wrote that article wholly trying to make herself feel better about saddling herself with enormous debt in a career (journalism) that has been dying for a few decades. So she turns to writing uninformed junk for trash websites and blogs.
Those private art schools are so lucrative Goldman Sachs bought 40% of The Art Institute. Those vocational for-profits were a way to siphon government loans to private investors with no care what was happening to the student, their job prospects or debt. Because of the utter abuse of the federal loan system Congress passed laws a out the percentage of funding that could come from the government, a very low number like at least 10% or something had to be put up by the school…almost all of them closed shortly thereafter as the gig was up.
The NYT recommended suicide in an article about student debt recently.
You should be thankful for your student debt:.https://www.savingforcollege.com/article/why-you-should-be-thankful-for-your-student-loans
That Kristen Kuchar’s a bit of a bitch, huh?
Oh, and lookit that. She’s a professional blogger who writes mostly about drinks, not a financial expert.
https://www.linkedin.com/in/kristenkuchar
She attended Columbia college of Chicago, a for-profit private vocational (arts) college. Average cost 25k/year after aid. Either mom and dad paid for that so she has no bills, or she wrote that article wholly trying to make herself feel better about saddling herself with enormous debt in a career (journalism) that has been dying for a few decades. So she turns to writing uninformed junk for trash websites and blogs.
Those private art schools are so lucrative Goldman Sachs bought 40% of The Art Institute. Those vocational for-profits were a way to siphon government loans to private investors with no care what was happening to the student, their job prospects or debt. Because of the utter abuse of the federal loan system Congress passed laws a out the percentage of funding that could come from the government, a very low number like at least 10% or something had to be put up by the school…almost all of them closed shortly thereafter as the gig was up.
Looking now, funny timing, looksikr AI closed for good last week! https://www.republicreport.org/2023/the-art-institutes-long-time-career-college-operation-dead-at-103/
Not even going to ask for a source. NYT has done worse.
Let’s see the proof please.
https://www.businessinsider.com/new-york-times-suggests-death-as-one-of-6-ways-for-students-to-cancel-debt-2023-6
There’s one. It was the first link on a web search.