July 3, 2014
As Stricter Default Standard Looms, Community Colleges Brace for Impacts
Starting this fall, colleges will be held to a higher standard for keeping their student-loan borrowers out of default, and that has some student-aid administrators very nervous. Colleges that fall short could lose their eligibility to award federal student aid, the lifeblood of most colleges.
That looming threat made managing default rates a hot topic at a gathering of financial-aid administrators here this week, with many of them sharing ways to limit student debt and rein in