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Download full textBaum, Sandy; Carew, Diana; Fraire, Jacob; Jacks, Kay; James, Kevin; Madzelan, Daniel; Miller, Scott E.; Simmons, Barry; Thompson, Jessica – National Association of Student Financial Aid Administrators, 2014
When borrowers default on a federal student loan, it can have catastrophic consequences. Their credit scores drop dramatically, severely curtailing their ability to afford a home or a car, and even limiting their ability to sign up for utilities. The cost of their loan rises as late fees pile up. Moreover, the federal government can garnish…
Descriptors: Risk, Income, Loan Repayment, Consortia
Sallie Mae, Reston, VA. – 1999
This study examined the characteristics of students attending historically black colleges and universities (HBCUs), focusing on 14 HBCUs with student loan default rates of 25 percent or more over the last 3 years, which are high enough to jeopardize their continued participation in federal financial aid programs. It was found that, in general,…
Descriptors: Black Colleges, Blacks, College Administration, College Students
