kitchen table math, the sequel: student loans

Saturday, October 2, 2010

student loans

The privately held Drake College of Business, which trains people to be medical and dental assistants, relied on taxpayers for 87 percent of its revenue in 2007. Almost 5 percent of the student body at its Newark, New Jersey, branch is homeless, says Jean Aoun, director of admissions and student services there. Late in 2008, it began offering a $350 biweekly stipend to students who show up for 80 percent of classes and maintain a “C” average.

“It’s basically known in the community: If you’re homeless, and you need some money, go to Drake,” says Carmella Hutson, a case manager at the Goodwill Rescue Mission in Newark, where about 20 clients have enrolled at Drake in the past two years. “It would put money in my pocket, help me buy a car,” adds Jerome Nickens, 45, who lived at the mission when he talked to a Drake representative but decided not to enroll.

Homeless High School Dropouts Lured by For-Profit Colleges


Catherine Johnson said...

One of my students today showed me the Spanish textbook she'd just bought at the campus bookstore.

It cost $150. (Maybe $160, actually.)

This is for SPANISH.

kcab said...

I've been told that language textbooks are particularly expensive. I don't know, but I was shocked at the cost of mine (~120) and even more at the cost of the required workbook (~70). Some aspects of the workbook are annoying - it's on-line and only available for 18 months. I have to say that I've found the on-line aspect useful though, since the computer corrects most exercises and I can repeat things for review.

Catherine Johnson said...

Some aspects of the workbook are annoying - it's on-line and only available for 18 months.


Two hundred dollars ought to buy you two-hundred year access to the online exercises.


You should be able to pass it on to your heirs.

Reference Letters said...

What is the name of the book? so that i can order it online! thanks

Jeff Boulier said...

Ah, spammers like that Reference Letters comment above are getting a bit more clever than they used to.