From The Chronicle of Higher Education:
Many people who work in financial aid are frustrated by news coverage that suggests lots of students are taking on six-figure debts for their bachelor’s degrees. (They’re not.)
But even if they think that talk of a student-loan crisis is overblown, aid administrators do worry about whether students will be able to repay their loans. That worry is part of their job: If too many of a college’s borrowers default, the college can lose its eligibility to participate in the federal student-aid programs.