September 12, 2008

2-Year Colleges Seek Changes in Default Reports

By PAUL BASKEN

A community-college association is urging the Department of Education to change the way it reports institutions' default rates on student loans, saying its broad-brush approach creates misleading impressions about their institutions.

Nearly a quarter of all two-year colleges do not offer their students federally guaranteed loans. Many community-college leaders cite the fact that federal rules make institutions ineligible for Pell Grants if too many of their students fail to repay

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