The Cost of Dropping Out: Student Loan Debt for Over 1million Americans Who Did NOT Complete College Grows by $1 BILLION

"Student loan debt for Americans who dropped out of college grew by $1 billion, new data revealed, as millions are hoping to get their debt wiped out by a new Biden administration forgiveness program," The Daily Mail reports.

..."The report, commissioned by the National Association of Student Financial Aid Administrators, used federal databases to analyze debt of 3.9 million student loan borrowers from 1,949 institutions of higher education.

'College completion is critical to success. And if you complete your degree, you’re more likely to show an ability to pay down your student loans compared with those who enter college, but never finish,' said the report."

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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