Community Colleges Seek Right to Limit Borrowing by Students

Federal rules on default rates leave 2-year institutions feeling vulnerable

By STEPHEN BURD

CHARLOTTE, N.C.
Central Piedmont Community College has never had a problem with its student-loan default rates. In fact, its 1994 rate of 4.1 per cent is as low as those at many of the nation's elite public and private universities.

But that does not mean administrators...

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