Trump administration issues warning to hundreds of colleges with low student loan repayment rates

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The Trump administration is ramping up pressure on colleges to ensure their graduates and other former students repay their federal student loans.

The U.S. Department of Education issued guidance on Wednesday for higher education institutions, reminding them to institute practices to keep their students’ delinquency and default rates low. The department said that doing so should be a priority not just for a college’s financial aid office but also for its institutional leadership.

There was also a warning in the announcement: Colleges with high student loan default rates could lose eligibility for federal student aid programs, the administration said.

Read more from CNBC.

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