Or the student's college may have opted out of the federal student loan programs to preserve eligibility for the Pell Grant program, since schools with
high cohort default rates lose eligibility for both federal loans and grants.
Not exact matches
For example, for the 2003 - 04
cohort, the
default rate among borrowers was about twice as
high at for - profits as at public two - year institutions (52 percent versus 26 percent).
In 2006, a U.S. Department of Education report noted that black graduates were more likely to take on student debt, and in 2007, an Education Sector analysis of the same data found that black graduates from the 1992 - 93
cohort defaulted at a
rate five times
higher than that of white or Asian students in the 10 years after graduation (Hispanic / Latino graduates showed a similar, but somewhat smaller disparity).
The ban on discrimination on the basis of attendance at a particular institution probably precludes using stricter
cohort default rate standards than the
Higher Education Act.
that found that some
higher ed institutions hired third - party consultants to encourage recent graduates to put their student loans in forbearance (in lieu of potentially more beneficial repayment plans) as a way for those schools to avoid a poor
cohort default rate.
On Thursday, the Government Accountability Office (GAO) released a report that found that some
higher ed institutions hired third - party consultants to encourage recent graduates to put their student loans in forbearance (in lieu of potentially more beneficial repayment plans) as a way for those schools to avoid a poor
cohort default rate.