This week, the U.S. Department of Education will release data on the percentage of borrowers who have defaulted on federal student loans over the last three years. Schools with high rates of default face consequences. [...]
Is default the student’s burden? Or the institution’s? And the federal government doesn’t always consider a would-be borrowers’ credit risk the way private lenders can. — marketplace.org
Related:Architects Laud Introduction of Bipartisan National Design Services Act As Way to Cut Spiraling Student Loan DebtArchitects Support Students' Call for Pro Bono Work in Exchange for Loan ReliefObama only 8 years out of student loan debt #dontdoublemyrate
[Cooper Union], which announced last April that it would charge undergraduate students tuition for the first time, released figures on Friday that showed overall applications were down this year by just over 20 percent. [...]
The new figures indicate that the admission rate nearly doubled, from 7.7 percent last year to 14.4 percent this year, which still places Cooper Union among the most selective schools in the country. — The New York Times
The freshmen class of Fall 2014 will be the first in Cooper Union's history to pay tuition. It remains to be seen whether Cooper Union's reputation overtime will falter, as quality considerations are matched against tuition rates and student debt, and students are given fewer options to pursue...
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