Armona, Luis; Chakrabarti, Rajashri; Lovenheim, Michael F. - 2019
for-profit institutions take on more educational debt, have worse labor market outcomes, and are more likely to default …-profit enrollment leads to more loans, higher loan amounts, an increased likelihood of borrowing, an increased risk of default and worse … labor market outcomes. Two-year for-profit students also take out more loans, have higher default rates and lower earnings …