interesting website

[mabigtin]

hi guys,
i was browsing around and chanced upon this website that lists the names of students who have defaulted their federal loans. The website lists their schools, names, amount defaulted etc...i thought to share it with u guys cos it might provide some information as to whether one would be able to pay off their loans once they got out of school...

http://defaulteddocs.dhhs.gov/cgi-bin/ddocs_counter.pl

---

Members don't see this ad.

 

[cpw]

man, the moral of that web site seemed to be.. don't go to a private OD school. Dang! There was only one default in all of Texas ODs and he went to SCCO.

 

[TPMOH]

Hi mabigtin, have you decided which opt school you will attend this fall yet?

 

[mabigtin]

Hi TPMOH,
i chose to go to ICO and I am going to defer my admission to OSU for a year. If i go to ICO and i don't like it so much that i am willing to waste my first-year fees (since OSU doesnt accept transfers) then i will go the OSU the next year and start all over again. I really wanted to go to OSU but i had to take a physiology course which i could not find any community college to take it at this summer before the first semester at OSU starts in Sept.
-mabigtin

 

[r_salis]

That's a really interesting website. Do chiropractic schools really have such a disproportionate number of loan defaults, or do they just have better reporting?

 

[russellb]

Originally posted by r_salis
That's a really interesting website. Do chiropractic schools really have such a disproportionate number of loan defaults, or do they just have better reporting?

I doubt that H.E.A.L. loans would be subject to differences in repprting from school to school. Wouldn't it be the loan program itself that reports the default rather than the school?
Check out http://www.chirobase.org/03Edu/loan.html

 

[r_salis]

Originally posted by russellb
I doubt that H.E.A.L. loans would be subject to differences in repprting from school to school. Wouldn't it be the loan program itself that reports the default rather than the school?
Check out http://www.chirobase.org/03Edu/loan.html

Excellent point, russellb -- the schools are just the go-betweens in the financial aid business. I only browsed through the list of defaulters, but *wow*, there are quite a few chiropractic school graduates who racked up some pretty powerful debt! The article you posted the link to was interesting. I'm always suspect of any group who proclaims themselves to be oppressed underdogs, but they make some compelling arguments for their debt load.