May 12, 2014

HIGHER EDUCATION BUBBLE UPDATE: Defaults on loans may cost LCC feds’ revenue. “Lane Community College risks a disastrous loss of money because students who left the school in recent years — by graduating or dropping out — are defaulting on federal education loans at high rates. The college is caught in a snare Congress set for some for-profit schools whose students learn little, owe much and default heavily.” The thing is, learning little, owing much, and defaulting heavily isn’t limited to for-profit schools.