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Education Sector, a think tank, has come up with a ratio to measure the burgeoning debt problems in higher education. It's called the debt to credential ratio, or the total amount of debt piled up by undergrads divided by the total number of degrees awarded. The average for the years 2006-2009 is $15,392. For-profit universities, however, average $43,383. San Diego's Bridgepoint Education's ratio is a staggering $140,000. The think tank notes that the graduation rate at Bridgepoint's Ashford University (which accounts for almost all its students) is a shocking 30%. Education Sector says that Bridgepoint's ratio may have swelled somewhat because the for-profit university recruited so many students during the period. The Education Sector's findings are consistent with those of others studying the for-profit sector: the company recruits rapidly, has an enormous dropout rate and lives almost entirely off federal grants and loans to students, few of whom graduate.
Education Sector, a think tank, has come up with a ratio to measure the burgeoning debt problems in higher education. It's called the debt to credential ratio, or the total amount of debt piled up by undergrads divided by the total number of degrees awarded. The average for the years 2006-2009 is $15,392. For-profit universities, however, average $43,383. San Diego's Bridgepoint Education's ratio is a staggering $140,000. The think tank notes that the graduation rate at Bridgepoint's Ashford University (which accounts for almost all its students) is a shocking 30%. Education Sector says that Bridgepoint's ratio may have swelled somewhat because the for-profit university recruited so many students during the period. The Education Sector's findings are consistent with those of others studying the for-profit sector: the company recruits rapidly, has an enormous dropout rate and lives almost entirely off federal grants and loans to students, few of whom graduate.