Sentences with phrase «graduates from any school default»
If over 30 % of graduates from any school default on their loans within three years after starting the repayment period, that school can be thrown out of federal loan programs.
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Though there's no comprehensive data that show how often schools are taking graduates to court, defaults grew by 20 % from 2006 to 2011, up to $ 964 million.
Two other key points from the Brookings analysis: 1) for - profit schools remain the primary driver of high student loan defaults, and 2) black college graduates default at five times the rate of white college graduates, due to persistent unemployment, higher use of for - profit colleges and lower parental income and assets.
Though there's no comprehensive data that show how often schools are taking graduates to court, defaults grew by 20 % from 2006 to 2011, up to $ 964 million.
The Department of Education tries to prevent students from falling into the default category by postponing the repayment requirement through deferments and since the repayment requirement begins only when students are out of school, they enroll in graduate or additional undergraduate programs.