Outcomes-Based Accountability: Holding Institutions Accountable for Successful Student Loan Repayment
November 19, 2019
Today’s students’ loan debt totals over $1.5 trillion, and more than 1 million students default on loans each year. With this astronomical amount of student loan debt that continues to rise, students should be assured that the institutions they’re attending are providing high-quality student outcomes. Unfortunately, that is not what’s happening.
Outcomes-Based Accountability: Holding Institutions Accountable for Successful Student Loan Repayment details how program-level cohort repayment rates, in conjunction with cohort default rates, would be an updated tool to improve accountability in higher education.