Why don't technical schools take student loans?

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Why don't technical schools take student loans?

2007-09-20 09:58:45 · 2 answers · asked by Kristi H 2 in Education & Reference ➔ Financial Aid

2 answers

It is my understanding that some tech schools used to - and some in other locations probably still do allow student loans. But in my location - the local tech school had too many people default on their loans. (Didn't pay them back) So the Department of Education pulled that schools ability to do federal loans.

2007-09-20 12:05:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It just depends on the school, some do some dont. Prior high default rates are the reason many dont.

2007-09-23 22:48:38 · answer #2 · answered by John 3 · 0⤊ 0⤋