Community college students who take out small federal loans are more likely to default, new report finds, and most defaulters earned fewer than 15 credits and never made a payment on their debt.
The reason is that students who attend two-year colleges struggle to repay even small loans, and often default on them, a concern that is reinforced by a new study from one of the sector’s primary trade groups — the Association of Community College Trustees
Community colleges are relatively affordable, and their students tend to borrow less than those who attend other types of institutions.Continue reading