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home > news Student Loan Default Rates Sky-High Among For-Profit Colleges
Student Loan Default Rates Sky-High Among For-Profit Colleges
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For-profit colleges have been under scrutiny for their aggressive recruiting tactics and alleged violations of federal financial aid regulations, but new data shows that student loan default rates among students who attended for-profits are higher than ever.
On Thursday, February 3, 2011, the United States Department of Education released new data showing that many for-profit colleges leave large numbers of their graduates unable to repay their student loans.
25% of For-Profit …
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