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<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'>Jeremy:<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'>I am so glad that you posted this to the list serve because I
came across similar data when I was working on my dissertation several years
back because I was looking at technology as a way to save money and initially I
found that the for-profits were doing quite well, but when I dug a little
deeper I found that “real universities” were making even more real
money and most of it appeared to be based on getting students to get loans. Now
we know the truth when some financial aid folks at some of the big schools were
actually charged with colluding with the banks to make money off of students
loans. There were real convictions and real resignations. I found out even more
by looking at some of my wife’s data because her research for her
dissertation deals with a loan-based system versus a grant based one. This
article really makes some good points. Naturally, Kaplan does have an axe to
grind too being a for profit entity and arguably the most profitable arm of The
Washington Post Company. This is a problem with media consolidation and
convergence technology: the for profit media is now getting into the for profit
education game. If you do not like how the mainstream media, cable and telecoms
treat customer, you will really not be happy if they export their business
model in nicer package to higher education.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'>Here is something to consider, has anyone looked at the
endowments of these schools cited. You may notice that some of the schools at
the top also have some of the biggest endowments. I haven’t checked the
latest data but I believe that the University of Texas has the biggest or one
of the biggest endowments in the world. Great job on this one Jeremy! The
banksters have really succeeded in transforming our education system into one
where students start off in debt that is extremely difficult to pay back.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'>Chris A. Heidelberg, Ph.D.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New";
color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><b><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif"'> idc-bounces@mailman.thing.net
[mailto:idc-bounces@mailman.thing.net] <b>On Behalf Of </b>jeremy hunsinger<br>
<b>Sent:</b> Sunday, August 22, 2010 8:36 AM<br>
<b>To:</b> idc@mailman.thing.net<br>
<b>Subject:</b> [iDC] Fwd: <edu-factory> Top Ten Universities for Student
Debt in the U.S.<o:p></o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p>
<h1 style='margin-left:.5in'><a
href="http://gawker.com/5615933/the-top-ten-universities-for-student-debt">The
Top Ten Universities for Student Debt</a><o:p></o:p></h1>
<p style='margin-left:.5in'>"For-profit" colleges have <a
href="http://gawker.com/5562794/kids-paying-real-money-to-attend-fake-colleges">come
under fire</a> for saddling students with big debts in exchange for dim job
prospects. But what about "real" colleges? They're pushing huge debts
on students, too. We crunched the numbers to find the worst (NYU).<o:p></o:p></p>
<p style='margin-left:.5in'>In a recent <a
href="http://www.washpostco.com/phoenix.zhtml?c=62487&p=irol-newsArticle&ID=1460098&highlight=">press
release,</a> the Washington Post Company—which owns Kaplan, a leading
for-profit education company—referred to a <a
href="http://www2.ed.gov/policy/highered/reg/hearulemaking/2009/integrity-analysis.html">recent
report</a> by the Education Department which listed debt repayment figures for
every college in the nation. We sorted the list by total <a
href="http://gawker.com/tag/studentdebt/"
title="Click here to read more posts tagged #studentdebt">student debt</a>
load.<o:p></o:p></p>
<p style='margin-left:.5in'><img border=0 width=160 height=94 id="_x0000_i1025"
src="http://cache.gawkerassets.com/assets/images/2010/08/custom_1282152660448_nyuaffordable.jpg"
alt="The Top Ten Universities for Student Debt">The top three offenders were
all for-profit schools: The University of Phoenix (nearly $5 billion in total
student debt), Nova Southeastern University ($1.1 billion), and American
Intercontinental University ($810 million). But the <a
href="http://gawker.com/tag/4/">#4</a> school was our old friend: New York
University, with $659 million in total student debt. In fact, NYU's student
debt alone is bigger than the <a
href="http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29">gross
domestic product</a> of 12 countries.<o:p></o:p></p>
<p style='margin-left:.5in'>Without further ado, the top ten "real"
(not "for-profit") colleges, by total student debt:<o:p></o:p></p>
<p style='margin-left:.5in'><strong>1) New York University</strong>: $659
million<br>
<strong>2) University of Southern California</strong>: $631 million<br>
<strong>3) Penn State University</strong>: $590 million<br>
<strong>4) Ohio State University</strong>: $560 million<br>
<strong>5) University of Minnesota</strong>: $495 million<br>
<strong>6) Arizona State University</strong>: $479 million<br>
<strong>7) University of Texas</strong>: $474 million<br>
<strong>8) Michigan State University</strong>: $433 million<br>
<strong>9) Indiana University- Purdue University</strong>: $421 million<br>
<strong>10) Rutgers:</strong> $398 million<o:p></o:p></p>
<p style='margin-left:.5in'>Clearly, big schools will have bigger debt loads.
(If you're interested in per-student debt figures, see the linked source
material). But the size of these figures should give the <a
href="http://gawker.com/5603571/colleges-unable-to-hold-off-hordes-of-freshmen">hordes
of incoming freshmen</a> something to think about. Considering the <a
href="http://www.bls.gov/cps/">unemployment rate</a>.<o:p></o:p></p>
<p class=MsoNormal style='margin-left:.5in'>[<em>Data via "<a
href="http://www2.ed.gov/policy/highered/reg/hearulemaking/2009/integrity-analysis.html">Cumulative
Four-Year Repayment Rate by Institution</a>." Photo via <a
href="http://www.zunal.com/myaccount/uploads/nyu-mercer-st_4818%282%29.jpg">via</a>.
Thanks to G and J for research assistance!</em>]
_______________________________________________<br>
edufactory mailing list<br>
<a href="mailto:edufactory@listcultures.org">edufactory@listcultures.org</a><br>
http://listcultures.org/mailman/listinfo/edufactory_listcultures.org<o:p></o:p></p>
</blockquote>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;
font-family:"Helvetica","sans-serif";color:black'>Jeremy Hunsinger<o:p></o:p></span></p>
</div>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;
font-family:"Helvetica","sans-serif";color:black'>Center for Digital Discourse
and Culture<o:p></o:p></span></p>
</div>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;
font-family:"Helvetica","sans-serif";color:black'>Virginia Tech<o:p></o:p></span></p>
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font-family:"Helvetica","sans-serif";color:black'><o:p> </o:p></span></p>
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font-family:"Helvetica","sans-serif";color:black'><o:p> </o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;
font-family:"Helvetica","sans-serif";color:black'>Live without dead time.<o:p></o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:9.0pt;
font-family:"Helvetica","sans-serif";color:black'>-graffitti Paris 1968<o:p></o:p></span></p>
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