Addressing Student Loan Default Rates at Your Institution
Alex Reinstadtler, Vice President, Business Development Loan Science Outstanding educational debt in this country exceeds $1.5 trillion. CNBC reports that one million people default on their student loans every year. The default rate at any college or university is an important metric. High default rates can mean limits on participation in Title IV federal financial aid programs and even losing access to federal financial aid funds. What can colleges and universities do if they are faced with rising default rates? It is critical to preface any discussion about student loan default prevention with the universal truth that the federal student […]
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