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News & Media

A Tougher Test for Colleges

September 23, 2015

For decades, the federal government’s main yardstick for judging how colleges perform with federal aid dollars has been the default rate on student loans. Each year the U.S. Department of Education tallies up how many borrowers from a given college fell so far behind on their federal loan payments that they defaulted within several years of starting to repay.

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