How Baylor Steered Lower-Income Parents to Debt They Couldn’t Afford

WACO, Texas—Some of the wealthiest U.S. schools are steering mother and father into no-limit federal loans to cowl rising tuition, leaving many poor and middle-class households with debt they will’t repay.

Parents at Baylor University had the worst compensation charge for a sort of federal mortgage known as Parent Plus amongst non-public faculties with not less than a $1 billion endowment, in accordance to a Wall Street Journal evaluation of obtainable Education Department information. Only a couple of quarter of Baylor mother and father paid down any of what they initially borrowed after two years.

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