New Data Reveals Sky-High Default Rates at Career Colleges

by Stephen Burd A day after the U.S. Department of Education released three-year cohort default rates for federal student loans, for-profit college leaders and lobbyists are breathing a sigh of relief. Apparently their investors are too, judging by the rise in some of the education companies’ stock prices yesterday. While the news was certainly not good, it wasn’t as bad as most of them had feared. After all, few of the largest publicly traded for-profit school chains (besides Corinthian Colleges, Kaplan University, and a couple of others) had campuses with default rates high enough to eventually put them in jeopardy […]