Community College Students Borrow Less, Struggle More to RepayAugust 10, 2017 |
by Jay Tokasz
Borrowers who attended community colleges in New York graduated with much less debt than their counterparts at four-year colleges. Nonetheless, at all but one community college, at least half of borrowers were not making progress on paying down their loans within three years of beginning their repayment.
Seven-year repayment rates were better. The majority of borrowers at all but two community colleges were paying down their principal debt seven years after the leaving the colleges.