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Default Rate on Student Loans Drops for 6th Consecutive Year.
- Source :
-
Chronicle of Higher Education . Nov 6 1998 45(11):A45-A47. - Publication Year :
- 1998
-
Abstract
- The student loan default rate was 9.6% in 1996, a decline of 12.8% since the 1990 peak, saving the federal government $3 billion over six years. Since 1993 the Department of Education has barred 1065 institutions, mostly for-profit trade schools, from participating in federal student loan programs; institutions with a 40% default rate can lose eligibility. (MSE)
Details
- Language :
- English
- ISSN :
- 0009-5982
- Volume :
- 45
- Issue :
- 11
- Database :
- ERIC
- Journal :
- Chronicle of Higher Education
- Publication Type :
- Academic Journal
- Accession number :
- EJ575653
- Document Type :
- Journal Articles<br />Reports - Descriptive