More students can afford to pay off their loans than ever before because our economy is so strong.
DoEd was authorized early in the 90's to drop schools in which 25 percent of students defaulted in a three year period, or 40 percent in any one year. As well, it can now deny entry into the loan program to schools which are likely to have difficulty with defaults. In the race to pay back student loans, not everyone makes it to the finish line. But a greater percentage finish now that those likeliest to lose are never allowed to enter the race.