Nothing in the above article discredits the five bullet points I condensed from this thread. In fact information from former students at a university is far more credible than something by a web journalist who has likely never even been to Norman.

I am interested in where your information is coming from. Please credit your sources. All I could find for default rates online is a couple of years old but is showing 6.7% in 2009 and much less than that the previous years. University of Oklahoma Student Loan Rates | School Control, Default, Repay Number (http://student-loan-default.findthebest.com/l/4191/University-of-Oklahoma). Where does the 40% alleged come from? Also, I have never heard of OU taking 10% off the top and it didn't occur when I was there so what is the documentation for that? Tuition has increased at almost every school and the football program generates far more income than it spends. If they can fill the seats...build more as they will pay for themselves.

Nm.

Nm.

I know, betts. What are we talking about? I think it's clear that college is a big business today and not just public universities educating our people for the sake of education. But there's no evidence, that I've seen, that OU doesn't offer a perfectly fine education at a reasonably priced tuition (considering) - and especially in contrast and comparison with other public universities. Everything else is 'he said' and 'she said' that could go on forever.

Ok my explanation to Jeep was only partially correct. Repayment % is calculated based on whether the student has reduced the principal in a given year. Default is based on extended failure to make minimum payments. So repayment data is more predictive of an institution's graduates' financial health. Two other points. Loans in deferment are not factored into repayment data at all. And consolidated loans are seen as favorable in default rate calculation but evaluated based on principal reduction according to the repayment calculation. So repayment and default are very different. Institutions only release their default rates to the public as a way of window dressing the debt of their students and misrepresenting the value of their degrees.

http://youtu.be/kXpwAOHJsxg

LandRunOkie, where did you go to college?

OU, that's how I know they charge a 10% "service fee" on student loans.

Did no one like the video (http://www.okctalk.com/current-events-open-topic/38438-dishonest-marketing-university-oklahoma-5.html#post813164)? I think they should make people watch it at high school graduation.