Jul
20
U.S. Department of Education default-rate data indicate that 19.5% of loans entering repayment in 1995 defaulted within 15 years. 40.0% of loans to students at 2-year for-profit colleges defaulted, compared with 31.3% at community colleges. Loans to students at for-profit colleges represented 13.9% of loans entering repayment and 25.7% of the defaults.
Filed Under Student Loans | Leave a Comment
U.S. Department of Education default-rate data indicate that 19.5% of loans entering repayment in 1995 defaulted within 15 years. 40.0% of loans to students at 2-year for-profit colleges defaulted, compared with 31.3% at community colleges. Loans to students at for-profit colleges represented 13.9% of loans entering repayment and 25.7% of the defaults. — Mark Kantrowitz, publisher of FinAid.org and FastWeb.com View full post on Student Loans – New York Times