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Tennessee is a payday loan installment or revolving

Why so many students from for-profit schools are left in debt limbo

Why so many students from for-profit schools are left in debt limbo

Students who attend for-profit college and training programs are more likely to borrow, borrow more and struggle to repay their loans. Not only that, but the overall graduation rate at for-profit institutions is just 27 percent. Meanwhile, a number of schools have shuttered, leaving former attendees with debt and no way to pay it back. Special correspondent Lizzie O’Leary reports.

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Marketplace’s Lizzie O’Leary has the story. It’s part of our series How the Deck Is Stacked. It’s in partnership with “Frontline” and Marketplace, and funded by the Corporation for Public Broadcasting.

Before she became a mother, New Yorker Danielle Adorno (ph) dreamed of working as a pastry chef. When she came across ads for the Art Institute of New York, it seemed like a great fit. And she says school administrators promised her a lot.

They were very adamant on like their job placement rates, boasting over like 90 percent job placement, boasting about their chef instructors working at Nobu and all these high-end restaurants.

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Tennessee is a payday loan installment or revolving

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