The Trump administration is turning up the pressure on schools to rein in student loan default rates ahead of changes the federal government is implementing this summer that advocates worry could hurt borrowers.
The Department of Education released guidance to universities this week to offer “best practices to reduce default rates”—and reminded schools that failing to meet their obligations could lead to a loss of access to federal student aid programs.
The guidance offered some transparency experts say will be useful for institutions, but it also fueled concerns the Trump administration is seeking to pin blame on universities for the high default rates after curtailing debt relief efforts.
Read more at The Hill.
