News in Brief
Loan-Repayment Rates Low at Most For-Profit Colleges
The federal government has released data on more than 8,000 colleges showing that many students at for-profit colleges aren’t repaying their student loans. The numbers could imperil the ability of future students at those schools to receive federal financial aid.
Only four for-profit chains— Universal Technical Institute, Grand Canyon Education Inc., American Public Education Inc., and Bridgepoint Education Inc.—met or passed the government’s threshold of a 45 percent repayment rate, which would allow them continued unfettered access to government-backed student loans.
The U.S. Department of Education has promised greater oversight of the schools and tougher rules.
Vol. 30, Issue 01, Pages 4-5
Get 10 free stories, e-newsletters, and more!
- Dean Reich College of Education
- Appalachian State University, Boone, NC
- Darien, CT Superintendent of Schools
- NESDEC, Darien, CT
- Executive Director
- Charter School NYC, New York, NY
- Senior Associate
- Great Schools Partnership, Portland, ME
- Dunlap Community Unit School Dist. No. 323, Peoria, IL