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

ShareThis

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%.

Commenting on this Blog entry is closed.

Recent Comments

Bob McCaffrey | New Rochelle,...
Ken Lewis | With Regards...
Amy Heyman | REALLY????...
Amy Heyman | Disabled...
Amy Heyman | Richard St....
Anthony Galletta | Privatization...
Robert Cox | Would you like...
Martin Sanchez | Wow
Bob McCaffrey | The Car...
John Imburgia | The butler did...

Google Translate