There are no shortage of news stories citing that student borrowing (nationally) has surpassed $1.1 trillion. That figure covers every loan from private for-profit trade schools, to community colleges, to non-profit, to public, to grad schools. Borrowing covers education for skills/degrees ranging from beauticians to cardiac surgeons.
A comprehensive study released by Brookings, looks at the characteristics of borrowers, the institutions they attended, and how that contributed to rising loan default rates that are so much a part of the news. Continue reading