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Direct linkPew Charitable Trusts, 2022
Today, approximately 43 million Americans hold a federal student loan. When these borrowers fall behind on payments, they become delinquent on their loans; once the loans reach 270 days past due, borrowers are in default. As of March 2021, roughly 1 in 5 borrowers was in default, according to data from the U.S. Department of Education. Failing to…
Descriptors: Loan Repayment, Student Financial Aid, Income, Loan Default
Download full textUS House of Representatives, 2022
This document records testimony from a hearing before the Committee on Education and Labor that was held to examine ways to improve accountability and prevent fraud in for-profit college conversions. Member statements were provided by: (1) Honorable Robert C. Scott, Chairman, Committee on Education and Labor; and (2) Honorable Virginia Foxx,…
Descriptors: Private Colleges, Prevention, Legislators, Accountability
