too academic to fail

How The Federal Government Tries To Keep Financially Troubled Colleges From Failing

How The Federal Government Tries To Keep Financially Troubled Colleges From Failing

Under federal law, colleges that record a student loan default rate of 30% or more for three consecutive years – or 40% in a single year – can lose their access to federal aid. While the rule is meant to weed out bad players and schools that don’t provide students with means for gainful employment, a new report shows that the government often intervenes, propping up schools just before they fail.  [More]