There are at least 500 colleges and universities across the country where at least 40% of students fail to pay their federal student loans, according to a new report — sticking US taxpayers with the bill while the school cash out.
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500 colleges where former students aren’t repaying their loans, and why
Headline from University Business ·
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Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill
Federal data shows many borrowers who aren't paying their loans went to private, for-profit colleges — schools that often market to low-income students and rely on federal financial aid for revenue.
With rising public fear over student debt—as well as skepticism about the value of higher education—this data shines a hot light on hundreds of mostly for-profit schools where something is clearly not working.
Cory Turner, NPR Federal data shows many borrowers who aren't paying their loans went to private, for-profit colleges — schools that often market to low-income students and rely on federal...
There are at least 500 colleges and universities across the country where at least 40% of students fail to pay their federal student loans, according to a new report — sticking US taxpayers with the bill while the school cash out.
Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill | Since Then
