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Hundreds of colleges where up to 80% of students fail to pay their loans — sticking taxpayers with the bill

New York Post Fews App News Provider
Fews App Post Time há 23h

There are at least 500 colleges and universities across the country where at least 40% of students fail to pay their federal student loans, according to a new report — sticking US taxpayers with the bill while the schools cash out. Some schools — like Construction Training Center in South Carolina, Legends Barber College in Texas — have nonpayment rates of 70-80%, a new analysis from NPR found. And the taxpayer-backed cash is keeping the small schools afloat, accounting for more than two-thirds of the institutions’ entire revenue streams.

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