For-Profit College Students Haunted by Loan Defaults

Loading player, please wait...

Recommended Videos

  • Info

  • Comments

Dec. 28 (Bloomberg) -- Students seeking to move up in life by getting a degree from a for-profit college are being trapped in a growing underclass of education debtors. Under U.S. law, their loan obligations can rarely be discharged in bankruptcy, making them more onerous than credit-card debt or subprime mortgages taken out before the housing bubble burst. Bloomberg's John Hechinger reports. (Source: Bloomberg)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change