Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill
A report found at least 500 colleges and universities where 40% or more of students are not repaying their federal student loans. Many of these are for-profit schools. When borrowers fail to repay, taxpayers cover the cost while the schools keep their revenue. The situation has drawn attention amid growing concerns about student debt and questions about whether higher education delivers value.
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2 developments- Sep 16The number of colleges getting rid of student debt is growing
- Sep 18Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill
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Quiet for 11 daysLast development · Sep 18 — Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill
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3 viewpoints500 colleges where former students aren’t repaying their loans, and why
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2 viewpointsHundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill