Why Colleges Should Stay Optimistic
This week’s leading story in higher education was about the significant reductions in the Department of Education. These cuts understandably caused concern for college leaders. Change is never easy, but colleges should focus on opportunities for growth and...
College Financial Sustainability: Budget Mindfulness, Default Aversion, and Strategic Enrollment
Challenges keep coming at college financial sustainability: enrollment instability, student retention issues, growing student loan delinquency rates, and recent changing federal policies and the attempt to dismantle the Department of Education. Institutions must...
Student Loan Borrowers See Credit Scores Drop
The Wall Street Journal and other news outlets reported that student loan borrowers’ credit scores are dropping. Here’s a look at the current situation: Bad News: Credit scores of student loan borrowers have dropped Approximately 43% of federal student...
Record High Student Loan Defaults Are Coming
The warnings have been sounded. As we highlighted in previous blogs, the end of the three-year pandemic era payment pause, ongoing borrower confusion, federal servicer limitations, and economic pressures have created a perfect storm for a student loan default crisis....