A full 25 percent of borrowers who attended for-profit colleges and entered repayment on their loans in 2008 had defaulted within three years. By comparison, 10.8 percent of those attending public institutions defaulted and 7.6 percent of those attending private institutions defaulted… "You do see some signs of inconsistent quality in [the for-profit] sector, and [we] have reason to believe students aren’t being well-served," an Education Department official said on a conference call with reporters Thursday. High default rates in the three-year cohort, the official continued, suggest that some institutions have been gaming or "managing their default rates aggressively" to push them beyond the measurement window.

Read full article [here].
by David Moltz, Inside Higher Ed.

Posted: February 4th, 2011, by: admin. Categories: . Awaiting Comments.