Graduates of Canadian Career Colleges Are Leading Defaulters on Student Loans

Those who studied at Canadian private career colleges are twice as likely to default on their student loans as those who attended public colleges and universities, according to an investigative report by The Globe and Mail. The for-profit students made up 17 percent of federal student aid but are responsible for more than 30 percent of the value of delinquent loans. That is more than twice the rate of such bad debts in the United States, according to the latest figures. A report by the U.S. Government Accountability Office last year said students in the for-profit sector were most likely to default.