Colleges do tend to be a bit more careful, but they often publish hiring numbers based on graduates rather than students, when advertising. This is deceptive, because they never mention their completion rates (which are often around 50%), and significantly impacts the calculus.
Do they tell students they may be saddled with debt for 30 years and that the cost of tuition is much larger than the incomes they get from their majors?
> BloomTech falsely claimed its “income share” agreements were not loans, did not create debt, did not carry a finance charge, and were “risk free.” In fact, the agreements are loans with an average finance charge of $4,000. The loans carry substantial risk, as a single missed payment triggers a default and the remainder of the $30,000 “cap” becomes due immediately. BloomTech further hid the cost and nature of the “income share” loans by not disclosing key terms like the finance charge and annual percentage rate, as required by law.
Student loans from a legitimate lender don't come with balloon payments, the APRs and any finance charges are clearly disclosed, etc., and they're not making up graduation rates.
When in reality that career is losing jobs and less than 10% of graduates get one. Anything what would have you work in a museum would probably meet this criteria.
Alternative is they told the truth, everyone went in with eyes wide open and everyone is responsible for their own student loans.
