06/28/2010 05:12 am ET Updated May 25, 2011

Students At For-Profit Colleges Struggle With Massive Debt

When Katie Bushnell graduates with a bachelor's degree in a little more than a year, she'll be approaching $90,000 in debt from student loans without graduating from a four-year university. Her degree will be in entertainment business from Full Sail University, a private for-profit school based in Florida focused mainly on programs within the entertainment industry.

The two-year program Bushnell is halfway through has a cost of $52,000, which includes the Macbook Pro she uses in the coffee shop serving as her classroom for the day.

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