CECU Daily Update Email
CECU Statement on U.S. Department of Education Release of National Student Loan Cohort Default
Following the U.S. Department of Education’s release of the FY2016 national cohort default rate. Steve Gunderson, president and CEO of Career Education Colleges and Universities, released the following statement:
“Our sector is fully committed to ensuring our students’ success. We have spent the better part of a decade focused on improving access and outcomes at our colleges and universities. This is exhibited in lower overall default rates and higher graduation rates. As part of the larger higher education ecosystem, we also want to see every student in every sector of higher education succeed.”
Second Lincoln Tech Campus Earns AED Foundation Accreditation for Heavy Equipment Training
Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training, has announced that its South Plainfield, NJ campus has earned accreditation by the Associated Equipment Distributors Foundation (AEDF) for its Heavy Equipment and Truck Technology program.
6 Takeaways for Colleges That Want to Help Low-Income Students Get Career-Ready – The Chronicle of Higher Education
With the rise of the gig economy, the erosion of job security and employer-provided training, and the threats to jobs from a coming wave of automation, the role of education in helping people prepare for their working lives — perhaps over and over again — couldn’t be more pressing.
Reddit Is More Influential in Higher Ed Than You Think – Inside Higher Ed
Since that post, I’ve found prospective students complaining about university websites, asking questions about the social atmosphere on campus, soliciting opinions about choosing between college options and everything in between.
As New England Liberal Arts Colleges Struggle Financially, One Pins Hopes on Health Care Majors – Ed Surge
Since 2015, 14 institutions in New England have closed and nine have merged, says Barbara Brittingham, president of the New England Commission of Higher Education. More mergers are planned.
Financial Aid and Student Loan Issues
National Federal Student Loan Cohort Default Rate Continues to Decline
Today the U.S. Department of Education announced that the fiscal year 2016 national federal student loan cohort default rate (CDR) decreased from 10.8% for FY 2015 to 10.1% for FY 2016, a 6.5% decline from the FY 2015 rate.
Department Of Education Releases New Student Loan Default Data – Forbes
This new data shows that for the cohort of borrowers who entered repayment during fiscal year 2016, the national cohort default rate was 10.1 percent—down from 10.8 percent for fiscal year 2015.
Lifting the Curtain on Income-Share Agreements – Inside Higher Ed
Income-share agreements are drawing attention from lawmakers, although relatively few students so far have signed up for the loan alternative. Two organizations with markedly different approaches are looking to change that.
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