‘Tis the season of graduations and with many people thinking about college, some of the personal finance magazines are running stories about paying for it. Kiplinger’s Personal Finance magazine, for example, has a story on college savings plans in its June 2010 issue.
But a piece in Good Housekeeping magazine’s June 2010 issue caught me eye.
Written by Barry Yeoman, the story discusses for-profit colleges, particularly the difficult time some students have finding jobs and thus repaying student loans after graduating from the schools.
For-profit schools have come under the microscope lately, with pieces in the New York Times and on a May edition of PBS’s “Frontline.”
Yeoman’s piece in Good Housekeeping magazine follows a similar line; titled “The School of Hard Knocks,” the story is illustrated with images like that of a diploma going into a shredder and coming out as dollar bills in strips.
In keeping with the magazine’s target audience, this story on for-profit schools focuses on women, an apt theme given that Yeoman says 64 percent of the three million people attending these schools are female.