I agree that it is unfortunate that a student can not find a job to keep up with their loans, however, I don't see why it is the responsibility of the school to limit that. Students need to make decisions based on what is right in their life. Taking loans can at times be a risk, and by accepting the loan, they are accepting the risk. Schools should not be punished for a student's poor choice.
I agree, it also happened to a friend of mine that went to school in another state. I thought it was bad that she couldn't get a good job to keep up with her student loans.
We do go over the past three years of average entry level pay for students and this does give them a good idea. I think that most schools do the best they can with the resources they have. We have a counselor at our school that meets with all of our graduates and this gives students such a relief because many of them have never had loans and this reassures them that we won't leave them hanging after graduation. We also let them know of this counselor during applciation process as well. It is a great resrouce to have!
I agree I would think that at some point the individual student should have all the information they need to make sure the best decision is made.
Hopefully by covering the past 3 years employment data a prospective student will be able to make an educated judgement about whether or not a specific program will meet their needs including salary requirements.
Wendy,
There are a lot of factors that go into how much student debt is incurred and how much income a student can make upon graduation. While there is no specific state regulation that addresses debt/income ratios, there are many disclosures required by state and regulations thta will hopefully provide guidance to students in making these determinations before entering a program and taking out loans.
John Ware
