USC Charged with Predatory Recruitment for $ 115,000 Online Degree, Targeting Low-Income Students
Would you pay $ 115,000 for an online degree?
Some University of South Carolina (USC) students have shelled out that much, only to graduate and end up with massive debt and very low wages, according to one. Wall Street Journal Analysis (WSJ) recent data from the US Department of Education.
The WSJ report said USC was targeting students from low-income backgrounds who had to take out heavy federal education loans in order to get the two-year online degree which costs as much as a degree on the Internet. campus.
The analysis found that an average student studying for a master’s degree in social work at USC borrowed $ 112,000 in loans, but half of college students earned less than $ 52,000 per year. This was the worst combination of student debt compared to other similar universities.
USC is accused of hiring a for-profit company to recruit thousands of students into its master’s program in social work. The company has used status symbol images, often with aggressive tactics, to attract students across the country, including low-income and black students it has targeted for recruitment.
Students at other universities such as California State University borrowed less than a third of what USC students borrowed and earned an average of $ 59,000 two years later, according to the WSJ analysis.
In May, USC professors questioned the university’s plan to expand its online degree offers. The plan was to make the prestigious university the No.1 among schools in the Southeast for the number of online undergraduate degrees on offer.
Another WSJ report accused elite, greedy universities of turning America’s masters system into money-minting operations that have driven millions of American students into needless debt.
Some students have racked up as much as $ 307,000 in student loan debt, only to end up with jobs that earn $ 48,000 a year, according to data from the US Department of Education.
Students have massive accumulated debts while pursuing master’s degrees at elite universities in fields such as theater and film, where job prospects are limited and where there is little chance of earning enough to pay off debt.
President Joe Biden campaigned on a promise to write off $ 10,000 in student debt per borrower. His administration has detailed over the past year a student loan forgiveness plan which can help more than a third of the people enrolled in the program.
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