Frank Phillips College in Borger has come under threat of sanctions from the federal government that would affect federal financial aid like student loans and Pell Grants, costing the college a number of students, and costing students educational opportunities.
What are the sanctions?
The ordeal revolves around a financial figure called the Cohort Default Rate (CDR). In essence, the CDR tracks the payments of students receiving federal loans. If a student defaults on payments, it counts against the institution. If the default rate remains above 30% for three years running, the government can impose sanctions that strip students attending the institutions of their eligibility to receive all federal financial assistance - including Pell Grants, which are given to high need students and are not required to be repaid.
What are the causes? What are the implications? Find out more - read the whole story in the Weekend Edition of the Borger News-Herald.