Students More Likely to Default on Loans than Graduate at 500+ Colleges
A new report has found that 514 American colleges and universities have higher loan-default rates among their students than graduation rates.
The report, entitled “In Debt and In the Dark,” was published by the think tank Education Sector. The report proposes that colleges should provide this data to prospective students in order to enable them to make informed decisions. It also notes that the U.S. Department of Education does not provide this information either.
Of the institutions identified, which the report dubs “red flag” colleges, 314 (61 percent) are public, two-year colleges; 177 are four-year schools.