When a college closes, it can derail the education of many students, leaving them with loans but no degree. Those who cannot complete their education may be eligible to have their federal student loans forgiven through a "closed school discharge" from the Department of Education (Education), but this process has changed in recent years.…

The cohort default rate (CDR) has worked to reduce students' risk of default, but decades of experience have also revealed weaknesses that policymakers must tackle. "Driving Down Default" outlines key priorities for strengthening the CDR to further reduce student loan default, including specific recommendations to protect against…

This brief examines the impact of using a system based on multiple metrics that requires institutions to pass three out of four thresholds for student loan default, student loan repayment, program completion, and postcollege earnings. Currently, a very high loan default rate is the only student outcome that disqualifies institutions from the…

Student loan debt and defaults have been steadily rising, igniting public worry about the associated public and private risks. This has led to controversial regulatory attempts to curb defaults by holding colleges, particularly those in the for-profit sector, increasingly accountable for the student loan repayment behavior of their students. Such…

The Council for the Management of Educational Finance (Council) and the Texas Guaranteed Student Loan Corporation (TG) are pleased to provide this guide, one in a series of default aversion resources available to the higher education community. Originally published in 2000 and revised in 2003, this guide has now been updated to reflect recent…

As part of a larger program to identify and analyze federal programs at high risk for waste, fraud, abuse and mismanagement, this publication presents an evaluation of the Federal Family Education Loan Program (FFELP), formerly the Guaranteed Student Loan Program. The analysis argues that the program has not been successful in protecting the…

This document presents federal student loan cohort default rates for postsecondary institutions, including two- and four-year colleges, universities, church-affiliated schools, historically black colleges and universities, tribally controlled schools, and proprietary vocational schools. Each listing, sorted alphabetically by school name, contains…

This document presents federal student loan cohort default rates for postsecondary institutions including, two- and four-year colleges, universities, church-affiliated schools, historically black colleges and universities, tribally controlled schools, and proprietary vocational schools. Each listing, sorted by Office of Postsecondary Education…

This report is a compilation of 1997 default rates for institutions participating in the Federal Perkins Loan Program based on the cohort of borrowers who entered repayment status in the 1995-96 reporting period. Data is presented by state and individual institution and includes: (1) number of borrowers who entered repayment status in 1995-96; (2)…

This guide is designed to provide student financial aid officers and other college administrators with an overview of the William D. Ford Federal Direct Loan and Federal Family Education Loan programs. Sections of the guide review recent changes to the programs encompassed in the Higher Education Act Amendments of 1998, as well as the guidelines…