New Book Accuses Education Dept. of Fudging Numbers on Student-Loan Defaults

Champion for Success

Mary Lyn Hammer, a default-management expert, says the department has overstated the number of defaults among borrowers at proprietary colleges and in the defunct bank-based student-loan program, while undercounting defaults at public colleges and in the direct-loan program.
January 22, 2016 Premium content for subscribers. Subscribe Today

Has the Education Department deliberately deceived the public and policy makers about student-loan default rates in the for-profit sector and its own student-lending program?

Mary Lyn Hammer, a default-management expert who has served on three...

This content is available exclusively to Chronicle subscribers