truthforeveratlanta's Review: Omnitech Institute - Decatur

The following is from nces.ed.gov/collegenavigator. It is the student loan default rates. Typically and historically, the reason the student loan default rates are high is because graduates are UNEMPLOYED. This is researched and factual information regarding the relationship between high default rates and the lack of graduate employment. Default Rates 21.0% - 2009 - So, this is from 2009. The 2010-2011 figures have not been published yet. The average for public (state supported schools) is 8.8%. The average for for-profit schools (Omnitech is one) is 11%. However, Omnitech is at 21% as of 2009. That means that Omnitech grads default (cannot pay back their student loans) at a higher rate than even the schools that are similar to them. 17.7% - 2008 16.4% - 2007 Colleges with excessive default rates, either exceeding 40 percent in the latest year, or 25 percent for three consecutive years, can lose their eligibility for federal student aid programs. So... lets look at a state supported school, say Georgia Perimeter College: Default rate 11.7% - 2009 - Substaintially lower than Omnitech. This could mean that more graduates are employed. They ARE NOT going to give you the real career placement rate, public or private, many schools don't. But, if you research you CAN FIND THE TRUTH! 7!.9% - 2008 8;.0% - 2007 Now lets look at tuition, fees and books!. For Georgia Perimeter College, you would spend $4, 236 per academic year'. In two years, you would spend less than $9, 000?. When financial aid assesses what you need to attend school successfully, YOU WILL HAVE MORE TO LIVE OFF OF.. However, if you were to attend Omnitech, your tuition, fees and books would cost you $15, 069|. You would spend more than twice the amount to go to GPC and receive credits that you cannot transfer anywhere and have a higher chance of NOT getting a job after graduation'. Furthermore, The pell grant limit for 2011 is $5550. This is need based and is an amount that YOU ARE NOT REQUIRED TO REPAY. Once again, if you were to attend a school like Georgia Perimeter College, you would pay $4236 in an academic year. This includes books. If your pell grant is $5550, then that leaves over $1000 in your pocket for living expenses. This also means that if from your FASFA it is determined that you need additional money for living expenses (rent and stuff), ALL OF IT GOES TO YOU! NONE GOES TO THE SCHOOL! Just spreading the truth! How can you fight the truth--it just is what it is... Please, please make an informed decision.