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<p>State colleges with low grad rates offer an opportunity for those who do graduate to have a chance. Many of them would not be accepted elsewhere. One could say the same for Phoenix, but the state colleges allow the opportunity at a much lower cost. Phoenix (and others) offer it with a snazzy sales pitch disregarding the high cost. The people they prey on often don’t know they have a choice or have a clue about the real cost of the debt they are incurring. Somehow, that gets “missed” in the sales pitch.</p>
<p>At least most privates people choose to pay a ton for offer a higher graduation rate - AND the default rate on loans from private 4 year schools is quite low. Not so with the for-profits. There are some privates I’d classify with the for-profits, but that does not mean I support Phoenix. I’d love to see it close totally, or if not, at least close more than half of one section.</p>