NY Post: Monroe College Students Default on 23% of Student Loans

Time to read
less than
1 minute
Read so far

NY Post: Monroe College Students Default on 23% of Student Loans

August 08, 2013 - 17:11

The New York Post is reporting that 23% of Monroe College students default on government loans.

A staggering 23.1 percent of 2,800 students who either graduated or dropped out of Bronx-based, family-owned Monroe College since 2007 have defaulted on millions of dollars worth of government-backed loans, putting taxpayers on the hook.

Monroe officials did not dispute the 23% figure but note that Monroe's Bronx campus, on Jerome Avenue in Fordham, serves poorer students who struggle to pay back the money they borrow for its $11,744 a year in tuition and fees, college officials say.

The source of the 23.1% figure is not stated in the article. U.S. Department of Education reports indicate that the default rate for Monroe College students is 9%.

Subscribe to Comments for "NY Post: Monroe College Students Default on 23% of Student Loans" Subscribe to Talk of the Sound - All comments