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ERIC Number: EJ1096091
Record Type: Journal
Publication Date: 2016
Pages: 10
Abstractor: As Provided
ISSN: ISSN-1066-8926
Decreasing Your Student Loan Cohort Default Rate: Leading a College-Wide Change Initiative at Mohave Community College
Charles, Kayla D.; Sheaff, Shannon; Woods, Jann; Downey, Lisa
Community College Journal of Research and Practice, v40 n7 p597-606 2016
Burgeoning student debt and the ability of programs to adequately prepare students for jobs that will allow them to repay that debt comprise a topic of great interest in the current higher education policy environment. A key accountability measure used by the Department of Education for more than two decades has been the student loan cohort default rate (CDR), which measures the percentage of an institution's student borrowers who default on their federal student loans. Mohave Community College (MCC) had the sixth highest CDR for two-year public institutions for the FY2009 cohort at 36.7%. At risk of losing all federal financial aid eligibility, the institution underwent an impressive transformation in just 3 years, during which time MCC decreased the CDR by 8 percentage points through a combination of challenges and appeals, outreach, financial literacy, and student success efforts. MCC was able to achieve successful transformation through a top-down leadership strategy that included open communication and empowerment.
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Publication Type: Journal Articles; Reports - Research
Education Level: Two Year Colleges; Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Arizona
Grant or Contract Numbers: N/A