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The formula also assesses half of student income above a small income protection allowance and a fifth of student assets.
They account for nearly half of student loan defaults, even though they enroll a little more than 10 percent of higher education students.
Even though the for-profit system serves only a little more than a tenth of those in postsecondary education, it accounts for nearly half of student loan defaults.
A substantial part of the problem also lies in the fast-growing for-profit college industry, which accounts for only about 10 percent of students but nearly half of student loan defaults.
Ms. Van Dekker said Education Finance was on Fordham's preferred list because "their top rate was the best". She said that well over half of student loan applicants at Fordham received its best rate, currently about 7.1percentt.
More than half of student debtors who are over 75 are in default on their loans.
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As Suzanne Mettler has recently shown in her book Degrees of Inequality, while only one in eight students pursuing four-year degrees is enrolled in a for-profit college, that group is responsible for a quarter of all student-loan debt, and nearly half of student-loan defaults in the United States.
Only about half of students selected as National Merit Finalists win scholarships.
Less than half of students graduate from Central Falls in four years.
More than half of students got A*-C grades.
More than half of students receive financial aid.
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