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Defaulting schools and their students

Under the current rules, schools with default rates of 25 percent or more for three consecutive years, or a default rate higher than 40 percent in a single year, lose their
eligibility for the federal student aid that provides most of the revenues for for-profit colleges.

Student Loan Default Rate Is Continuing to Increase
Published: September 13, 2010
The default rate for federal student loans rose again last year, with the rates for students at for-profit colleges rising the fastest.


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