College credits fail to transfer across institutions, stranding students with debt and no degree.

Evidence

The closure left Chris and thousands of other students with a no-win choice: retain their debt from Argosy and try to transfer some of their credits to another for-profit college, or discharge the debt and lose all the credit hours completed. After weeks of deliberation, Chris decided to discharge her debt—at this point close to 140,000, plus interest—and lose the work she'd done. Other for-profit schools recruited her, she says, but few accredited programs would accept all of her transferred credits—which would mean repeating and paying a second time for some courses, requiring additional loans on top of the 140,000 she owed for Argosy. Ultimately, she chose not to complete her doctorate, deciding that discharging her loans would offer greater value than any potential increased earnings from the degree. — Dorothy A. Brown, The Whiteness of Wealth, 288

Categorization

• XREF: connects to: Higher education now indebts students for jobs they could have gotten without it. — Mark Fisher, Capitalist Realism: Is There No…, 56; School-to-university transition is a rupture, not a graduated passage — Antonio Gramsci, Selections from the Prison Notebooks, 343
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Higher education now indebts students for jobs they could have gotten without it. — Mark Fisher, Capitalist Realism: Is There No…, 56; School-to-university transition is a rupture, not a graduated passage — Antonio Gramsci, Selections from the Prison Notebooks, 343