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Originally Posted by StChrisCS
Its simple economics and finance. You wouldn't continue to pull funds from an already overwrought public system that can barely keep itself funded and put it into something that just continued to hemorrhage money. It's a prudent move that will make the Stafford system more stable. It's good business.
1000's of students attend universities or schools that don't have federal funding and manage to do just fine, proving it can be done with private loans and without significant complication. If they can do it, so can you.
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Well, according the paperwork we got today. AUC's default rate for 2003 was 0% and for 2002 around 1%. I don't see any reason I why it would help business to drop us. These numbers are certainly lower the chiropractic and podiatric school default rates and they aren't being dropped.