US Education Department asks colleges to step up as student loan nonpayment rates rise
The U.S. Department of Education is directing colleges to enhance student loan default prevention efforts, emphasizing their shared responsibility. Over 1,800 institutions now face scrutiny with nonpayment rates exceeding 25 percent, risking federal aid eligibility. Colleges are urged to strengthen outreach, counseling, and inform borrowers about repayment reforms and rehabilitation options.
The U.S. Department of Education is directing colleges to enhance student loan default prevention efforts, emphasizing their shared responsibility. Over 1,800 institutions now face scrutiny with nonpayment rates exceeding 25 percent, risking federal aid eligibility. Colleges are urged to strengthen outreach, counseling, and inform borrowers about repayment reforms and rehabilitation options. What's Your Reaction?
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