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Bill Would Replace U.S. Loan Default Rates With Repayment Metric

Inside Higher Ed:

“A bipartisan duo of U.S. senators on Wednesday introduced legislation that would overhaul a key way the government holds colleges accountable for student outcomes and also create a new risk-sharing program. The bill, offered by Senators Jeanne Shaheen of New Hampshire, a Democrat, and Orrin Hatch of Utah, a Republican, would get rid of the government’s student loan default rates and replace them with a student loan repayment rate.”

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