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Monday, 1st March 2010

Lowering Student Loan Default Rates: What One Consortium of Historically Black Institutions Did to Succeed

Lowering Student Loan Default Rates: What One Consortium of Historically Black Institutions Did to Succeed
Source: Education Sector

Colleges across the nation are struggling to confront a growing problem in higher education: student debt. As more students borrow more money than ever before, and recent graduates enter the worst job market in a generation, students are increasingly unable to pay back their loans.
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Just over 10 years ago, a small group of historically black colleges and universities (HBCUs) in Texas confronted a similar crisis, one in which student loan defaults threatened the existence of the institutions. The steps they took to solve that problem have suddenly become relevant to a much broader set of colleges and universities today.

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