The Obama administration is proposing to make it easier for colleges with high loan default rates but few students taking out loans to avoid losing their eligibility for federal student aid.
Officials last week unveiled a draft plan to expand the circumstances under which a college can appeal a high default rate on the basis that a low percentage of its students borrow money through the federal loan program.
The changes to that appeal option -- known as the participation rate index appeal -- would largely help community colleges, where relatively few students take out loans to pay for their education.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/04/07/us-proposes-easier-default-rate-appeals-community-colleges