WATCH: John Oliver Exposes Sham of For-Profit Colleges
A whopping seven out of 10 college students graduated from college last year saddled with debt. As John Oliver reveals in last night’s segment, student debt has tripled in the last decade alone, leaving hundreds of thousands of young people paying back loans before they even land their first job.
As Oliver put it, “Essentially, student debt is like HPV. If you go to college, you’re almost certainly going to get it. And if you do, it will follow you for the rest of your life.”
Oliver spends the bulk of the program exposing the misleading tactics of for-profit universities like DeVry University and ITT. These institutions account for 30% of national college loans, even though their students only make up 14% of the total higher education population. The schools prey on low-income and disenfranchised communities, offering them subpar educations at exorbitant prices.
Pointing to the shocking low graduation rates, Oliver says the majority of students “would have been better off studying engineering at Hogwarts because at least that way they’ll have a fucking owl to show for it.”
Check out the full clip below.