What Happens to Your Student Loan Debt When You Drop Out? It'll Probably Get Bigger.

"Student loan debt for more than a million college dropouts grew by nearly $1 billion in recent years, according to a new report," USA Today reports.

..."For college graduates, the trends are much different. Students who took out loans during the same period but went on to complete their degrees collectively owed $3.2 billion less than they first borrowed.  

The findings were published Wednesday by the Higher Education Advisory Group, a research and consulting firm. The study was commissioned by the National Association of Student Financial Aid Administrators. Using federal databases, the group compiled information on millions of student loan borrowers at nearly 2,000 colleges and universities."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 1/31/2024

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