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The Water Cooler
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Just found this on yahoo. Student loan forgiveness
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<blockquote data-quote="corbinlee" data-source="post: 1646886" data-attributes="member: 150"><p>This is not true, the colleges due assume some of the responsibility in making sure their students are paying their loans. They must maintain a Default Rate that is acceptable(25% or less normally) or their Federal Finacial Aid will be reduced or eliminated. </p><p></p><p>So yes schools do care about the product they are producing and generally speaking the FA office does not like the fact that the loan eligiblity maximums keep going up. They are normally people with a degree, normally loans also and know the difficulties of paying them off. They are the ones tasked with tracking and maintaining the Default rate of the school.</p></blockquote><p></p>
[QUOTE="corbinlee, post: 1646886, member: 150"] This is not true, the colleges due assume some of the responsibility in making sure their students are paying their loans. They must maintain a Default Rate that is acceptable(25% or less normally) or their Federal Finacial Aid will be reduced or eliminated. So yes schools do care about the product they are producing and generally speaking the FA office does not like the fact that the loan eligiblity maximums keep going up. They are normally people with a degree, normally loans also and know the difficulties of paying them off. They are the ones tasked with tracking and maintaining the Default rate of the school. [/QUOTE]
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Just found this on yahoo. Student loan forgiveness
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