Letter to Education Secretary John King from 58 organizations that advocate for students, veterans, service members, civil rights, consumers, college access and success, and college faculty and staff expressing support for strong rules that protect students and taxpayers from fraud, deception and other misconduct by unscrupulous schools.
Low-income borrowers graduate with more debt and greater risk of default. 21% of #PellGrant recipients, most with incomes under $40k, default within 12 years. At #4profit colleges, the default rate jumps to 52% #DefendStudents #StopTheDebtTrap @EdDebtJustice @TICAS #JustEconomy
Of the 44 million student loan borrowers, nearly 1 in 5 is currently in default on one or more federal student loans. #FairDebt #DefendStudents #ProtectBorrowers #JustEconomy @RealBankReform @NCLC4consumers https://www.nclc.org/images/pdf/student_loans/report-inequitable-judgments-april2019.pdf