Many For-Profits Are 'Managing' Defaults to Mask Problems, Analysis Indicates

3-year default rates on student loans are 5 times as high as 2-year rates at some colleges

March 13, 2011

Editors’ Note: On April 21, 2011, the U.S. Department of Education announced that it had erred in calculating the draft three-year student-loan default rates released in February, inflating the average three-year rate of nonprofit colleges by 0.9

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