CCC&TI: No more federal student loans
by Staff Reports
That decision removes a financial option for many students. Private loans will still be accepted by the institution.
The college said it based the decision partly on rising federal student loan default rates -- that rate was 20.3 percent in 2011.
A high default rate places the college eligibility for Pell Grants in jeopardy, CCC&TI said. Pell Grants are need-based federal grants that don't need to be repaid and are more widely used at the college, CCC&TI reports, than federal student loans.