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Unless you live in a cave, you've seen the alarming headlines highlighting 'exploding' college costs and 'crushing' student loan debt. Because the media is trying to grab readers' attention, these [...]

The article focuses on the changes made to the student loan accountability standards of colleges and universities in the U.S. The author mentions that the new standards would increase cohort default rates (CDRs) by 30-50 percent, in accordance to the Department of Education's program integrity regulations on federal student aid funds. The author adds that the Congress mandated the change to the CDRs as part of the reauthorization of the Higher Education Act.