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Sparks, Roland J. – Contemporary Issues in Education Research, 2011
The cost of college is increasing faster than inflation with the government funding over 19 million student loans that have a current outstanding balance of over $850 billion in 2010. Student default rates for 2008 averaged 7% but for some colleges, default rates were as high as 46.8%. Congress is demanding answers from colleges and universities…
Descriptors: Investment, State Federal Aid, Higher Education, Achievement Gains