Posts published on July 3, 2013

Colleges That Have More Loan Defaults Than Graduates

More than 260 colleges and universities in 40 states, the District of Columbia, and Puerto Rico have students who are more likely to default on their loans than full-time freshmen are to graduate, a USA Today analysis shows. The data are based on a new Education Sector report that identified 514 “red flag colleges,” schools where the percentage of borrowers was higher than the schools’ graduation rates. (USA Today, 07/03/13)