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Student Stories: The Devastating Impact of Some For-Profits

The post and video below are from CNNMoney

Students across the country are shelling out tens of thousands of dollars for degrees that end up being completely worthless.

Working through college still not enough to cover high cost

A new survey by Citigroup and Seventeen Magazine reveals that while many college students are paying for most of their expenses, just a handful of students are able manage the burden of high tuition cost.

According to the survey, only 18 percent of students pay their way through college. The rest? 41 percent of students in the survey reported relying on financial aid – which includes student loans - to pay for their education, 16 percent of students said they finance their education through scholarships, and only 22 percent reported that their parents pick up the tab. On the other hand, 60 percent of respondents said their parent did, however, pay their monthly cell phone bill.