Thursday, October 2, 2014

Student loan defaults put Oregon community colleges in harm's way

September 30th, 2014

They're breathing a sigh of relief at Klamath Community College.
The Klamath Falls institution escaped by the narrowest margin possible fatal sanctions by the U.S. Department of Education after the Oregon college managed to reduce its student loan default rate to 29.4 percent.
If Klamath had suffered a third consecutive year with student defaults in excess of 30 percent, it faced possible expulsion from the federal student loan program. "If that had happened, we're done, we close our doors," said Klamath President Roberto Gutierrez.

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