Wednesday, November 11, 2015

Action urged on community college loan defaults - Matt Zalaznick, University Business

Community college students who take out the smallest loans default at the highest rates, and many borrowers who get into trouble make no effort to fix their problems. Those are two findings in a new report, “A Closer Look at the Trillion,” which calls for institutional and federal policy changes to help students and community colleges better manage debt. The report, issued by the Association of Community College Trustees in September, studied default rates at 16 Iowa community colleges. It found that many borrowers, particularly those who end up in default, earn only a few credits and do not receive any credentials.

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