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Two-Year Colleges Face Student Loan Default Challenge
Published November 2, 2009
Buried within the federal government’s new report on student loans is a statistic causing concern for some community colleges: Loan defaults in that sector have increased to nearly 10 percent. The statistics also point to a longtime dilemma facing two-year colleges: With low tuitions, few of their students typically apply for loans. But even a handful of borrowers who do not repay loans can give the college a high default rate, something that can trigger federal sanctions.
Read more about this at diverseeducation.com.
Two-Year Colleges Face Student Loan Default Challenge
Published November 2, 2009
Buried within the federal government’s new report on student loans is a statistic causing concern for some community colleges: Loan defaults in that sector have increased to nearly 10 percent. The statistics also point to a longtime dilemma facing two-year colleges: With low tuitions, few of their students typically apply for loans. But even a handful of borrowers who do not repay loans can give the college a high default rate, something that can trigger federal sanctions.
Read more about this at diverseeducation.com.
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