Loan repayment changes could make default rates a poor measure of quality

Image:  The Biden administration’s planned changes to how student borrowers can repay their loans likely mean that fewer students will default on their debts—rendering a long-standing student debt and accountability measure more meaningless than it already is, experts say. The cohort default rate “was already very toothless even before we got to this current juncture,” said Brian Denten, an officer with Pew Charitable Trusts’ project on student borrower success. Higher education...