IN BRIEF: Gateway College's student loan default rate improves a bit
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Gateway College's
student loan default rate improves a bit






Gateway Community College had a 23.1% student loan default rate, and that's an improvement.

For the latest reporting period (2014), Gateway's student loan default rate was 23.1%.

That's not as bad as 2013 when it was 29 percent.

The national student loan default rate is one of the most closely watched metrics in higher education because it is used to determine whether colleges are eligible to receive federal student aid.

The department can impose sanctions on schools with default rates above 30 percent for three consecutive years, or 40 percent for a single year.

Gateway Community College has campuses in Florence, Edgewood and Covington.



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