Posted: Dec 14, 2017 12:20 p.m. ET
Our nation’s many vulnerable borrowers are probably to have a problem with pupil financial obligation
At its most readily useful, America’s university system is meant become an motor of financial flexibility — assisting low-income students rise in to the middle income. But an analysis that is new into the growing human anatomy of proof which our university funding system is placing that objective at an increased risk.
Of pupils whom joined university throughout the 2003-2004 scholastic 12 months and defaulted to their education loan, 87% had gotten a Pell grant, the funds the government provides low-income pupils to wait university, based on an analysis of government information through the Center for United states Progress, a left-leaning tank that is think. Continua a leggere