Student loans are one of the greatest causes of permanent personal debt in the United States. The Brookings Institute has released an important study about the role of for-profit schools in this phenomena. Unfortunately, Florida has become one of the epicenters of this industry in the country thanks to the ideological zeal of the legislature’s leadership and the effective lobbying of for-profit schools at the state and local levels.
Interestingly the Brookings Study found that the largest traditional university that contributed to student debt nationally was Broward County’s own Nova Southeastern University. The full study is worth a read and can again be found here.