About a year ago I met a young woman who had attended a for-profit culinary school (for -profit schools are very expensive). She had been living at home with her parents while attending the school. When her father lost his job and had to move the family out of state in order to find work, she did not have the resources to stay behind and finish culinary school. Without completing her course of study, she couldn’t get a job at a real restaurant; instead, she ended up working in fast food. She cried as she told of the burden of the heavy debt and wondered how she would ever be able to pay her loans back considering her low income.
Her story was my introduction to the potential problems of for-profit schools. However, as I found out, she is not alone in her debt problem. Many young people (and some older, as well) have taken on large amounts of debt in order to attend college and improve their chances of getting a good job. Continue reading