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500 Colleges Have a Student Loan Problem: Who Pays the Bill?

• Mike Wright • Season 1 • Episode 277

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0:00 | 22:05

Student loan repayment is becoming a serious problem at hundreds of colleges across America.

In this episode of MX3 Podcast, we dig into new federal data showing that 500 colleges and universities have student loan nonpayment rates of 40% or higher. We look at where these problems are concentrated, why many for-profit career and trade schools stand out in the numbers, and what happens when borrowers leave school with debt they struggle to repay.

We also discuss examples involving career-training programs, federal student aid, borrower outcomes, and the accountability rules designed to determine when schools should lose access to federal funding.

The bigger question: When students borrow money they cannot repay and schools continue receiving federal dollars, where should accountability fall?

💬 Join the conversation in the comments. Should colleges face stronger consequences when large percentages of their former students cannot keep up with their federal student loans?

👍 Like the video, subscribe to MX3 Podcast, and share this episode with someone who has an opinion on the cost and value of higher education.

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