22% vs 8% is not as big of a difference as I expected. It is plausible to explain that difference by the type of students likely to attend ITT vs a 4 year public university.
The students who are likely to go to these trade schools are often better served by the Community College system, but often don't know/understand it as an option.
One interesting statistic, <20% of CC students take out loans for school (the cost is generally low enough they can pay out of pocket), but ~20% of those students also default.
Nearly three times as likely to default on federal loans? And nearly six times as likely to default on private loans (I saw 11% as the rate). That's a pretty big difference.
