Research suggests that students loans negatively affect a students financial future because of the debt acquired, delayed retirement contributions and economic prosperity. Cornelius, L. M., & Frank, S. A. (2015). Student Loan Debt Levels and Their Implications for Borrowers, Society, and the Economy. Educational Considerations, 42(2), 35-38. In 1993, approximately one-quarter of full-time students took out student loans in public postsecondary institutions. This percentage had risen to 41 % by 2008. For-profit institutions between 1993 and 2008 have more than doubled their rate of increase over the public and private nonprofit institutions. In 1993, 52.4% of the students attending for-profit postsecondary institutions took out student loans to finance at least a portion of their...