According to a new report by the Brookings Institute, a good chunk of student loan debt is held by students who attend for-profit institutions.

“The so-called student loan crisis in the U.S. is largely concentrated among non-traditional borrowers attending for-profit schools and other non-selective institutions, who have relatively weak educational outcomes and difficulty finding jobs after starting to repay their loans.”

That’s a fairly significant finding, I would say.

Students who attend non-profit private schools or public universities do not face the same debt issue because their job prospects are much higher upon graduation.

Borrowers at for-profit institutions have a harder time finding gainful employment, and when they do, their average earnings barely creep over $20,000.

[T]the median borrower from a for-profit institution who left school in 2011 and found a job in 2013 earned about $20,900—but over one in five (21 percent) were not employed; comparable community college borrowers earned $23,900 and almost one in six (17 percent) were not employed.”

The report also finds that students who attend the University of Phoenix hold the most debt. In 2014, students there held over $35 billion dollars in student loan debt.

If anything, this report shows that the government has to inflict tougher regulations on for-profit institutions in the higher education sector. College students work hard to make a better life for themselves and their families — but student loans can have the opposite effect, at least in the immediate. Tuition at these private schools is astronomical, and if students cannot find jobs to pay their loans back, attaining a degree from these schools is pointless.