The bank-based lending system is being phased out, but millions of students have seen their default problems exacerbated by steep collection costs.
The Common Application is redefining its mission. CollegeNet Inc. is planning for a new shared application that selective colleges will use.
What's brought about students' anxious need for intellectual and emotional coddling?
If it’s broken, and it probably is, then adapt.
More on Admissions & Student Aid
Officials at both public and private colleges are "very concerned" about enrolling enough students.
Many students attend colleges above or below their ability level. Family income drives some decisions, the researchers say, but other factors play a role.
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