• Default Rate on Federal Student Loans Jumps to 8.9%, a Nearly 2-Point Rise (Chronicle of Higher Education)
The rate at which students defaulted on their federal loans in the two-year period ending September 30, 2010, was 8.9 percent, an increase of nearly two percentage points over the two-year rate for the previous year, according to draft data released on Friday by the U.S. Department of Education.
. . .
Students at for-profit colleges, who make up about 10 percent of the nation's college enrollments, accounted for nearly half of all the defaults—47 percent—the draft data show. A year earlier, that proportion was 43 percent.
The overall two-year default rate for students at for-profit colleges also rose. It was 15.2 percent, up from 11.6 percent in the previous year and 11 percent the year before that.
The default rate for public colleges was 7.3 percent, and for private, nonprofit colleges it was 4.7 percent, according to the draft data.…
Officials at for-profit colleges say that their students default at higher rates because a majority of them are poorer to start with and face many more financial challenges. Critics of the colleges say their high default rates show that many of those institutions are loading up their students with unaffordable debt that the students cannot repay once they graduate or drop out….
• New York Joins List of States Known to Be Investigating For-Profit Colleges (Chronicle of Higher Education)
• Textbooks Go the iTunes Route, but Buying by Chapters Might Not Save Students Money (Chronicle of Higher Education)
The SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT — "[The] blog he developed was something that made the district better." - Tim Jemal, SOCCCD BoT President, 7/24/23
Subscribe to:
Post Comments (Atom)
Roy's obituary in LA Times and Register: "we were lucky to have you while we did"
This ran in the Sunday December 24, 2023 edition of the Los Angeles Times and the Orange County Register : July 14, 1955 - November 20, 2...
-
Professor Olga Perez Stable Cox OCC Trumpsters/GOP A professor called Trump’s election an ‘act of terrorism.’ Then she became the vict...
-
The "prayer" suit: ..... AS WE REPORTED two days ago , on Tuesday, Judge R. Gary Klausner denied Westphal, et alia ’s motion f...
-
The two colleges of our district—Saddleback College and Irvine Valley College—have been dinged repeatedly by the Accreds (the ACCJC), mostly...
1 comment:
Ya think it's because Obamanomics really doesn't work? That it's a total failure?
Post a Comment