Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill
A new report identifies at least 500 U.S. colleges where 40% or more of students fail to repay federal student loans. In some cases, the non-repayment rate reaches as high as 80%. This trend shifts the financial burden to taxpayers while the institutions retain their funding.
There are at least 500 colleges and universities across the country where at least 40% of students fail to pay their federal student loans, according to a new report — sticking US taxpayers with the bill while the school cash out.
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