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Possible sanctions threaten FPC financial assistance

May 3, 2014

Frank Phillips College - Photo by Don Rice

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.

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