Cost for the federal college loans had been steadily decreased by the Congress in order to step 3

On Ninth District, the fresh new Service out of Education noted 333 universities whoever people was in fact eligible getting financial aid inside 1991; by the 2001, you to definitely count try right down to 278, along with 2009 it absolutely was 257. The fresh removed associations had been generally short, for-cash universities. Regardless of if standard costs is actually rising now, the universities was a considerable point of sanctions. In the Minnesota, such as for instance, the highest standard rates last year try sixteen.nine %, at Duluth Business School, a good 4-12 months, for-funds university.

Just what, myself worry?

The outlook toward non-payments was uncertain, because the some products you are going to determine course in a choice of guidance. Continue Reading