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October 05, 2017

A new government study finds for-profit college students are much more likely to default on their loans than students who went to four-year public universities and community colleges.

The study, conducted by the U.S. Department of Education, shows 52 percent of all for-profit college students did not pay back at least one of their loans, compared to 17 percent of four-year public college students and 26 percent of community college students.

The study looks at undergraduates who enrolled 12 years ago and were unable to pay back at least one loan.

This comes as Education Secretary Betsy DeVos is working to roll back Obama-era regulations designed to protect students from predatory for-profit schools.

In July, Massachusetts and 17 other states sued DeVos, asking the courts to let the regulations go into effect.

Earlier: Loan Limbo – While For-Profit College Students Wait, Trump Administration Stalls

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