Student Loans: Default Rates at Historically Black Colleges and Universities

Pursuant to a congressional request, GAO updated the information it previously reported on default rates at historically black colleges and universities (HBCU), focusing on the: (1) dollar amount of major federal student loans made to students at HBCUs and non-HBCUs; (2) most current default rates and the dollar amounts of the defaults, aggregated by kind of school, such as 2-year or 4-year, public or private, for student borrowers previously enrolled at HBCUs and non-HBCUs; and (3) number of HBCUs that could lose their eligibility, in fiscal year (FY) 1998, for federal student loan programs because of default rates exceeding the statutory threshold.