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Georgia student loan program discontinued

AJE- A low-interest student loan program was discontinued after a state audit found that a high percentage of users were failing to repay their debts.
Established in 2012, the Student Access Loan acted as Georgia’s primary form of need-based aid, doling out $266 million in loans to nearly 36,000 college students, the 2021 audit showed. But that audit also found 31% of borrowers defaulted on those loans and determined nearly $50 million of that state money likely would not be repaid.

By Jason Armesto-AJE · NISS Content Publisher