Giving Compass' Take:

· According to Education Dive, the Center for American Progress has announced that student loan default rates are much worse than reports had initially stated, with the highest rates at for-profit colleges. 

· Why are students defaulting on their loans? What is the best way the federal government can address this matter? How can the government assist those struggling to pay off their debt? 

· More people than ever are defaulting on student loans.

The student debt issue has prompted discussion about higher education accountability, but some experts say it must include a specific examination of the circumstances of the student and the institution. Miller said in his commentary that the data show federal and state governments, along with higher education, must make college more affordable, especially for low-income students.

Yet the value of a college education has been increasingly debated, with some critics suggesting that while higher education is addressing access and retention, it must now also consider student outcomes in the workforce. That could lead institutions to place more focus on practical career skills that provide pathways to better-paying jobs.

Meanwhile, the federal government's top official overseeing the student loan market through the Consumer Financial Protection Bureau resigned Monday. In his resignation letter to CFPB acting director Mick Mulvaney, Seth Frotman, student loan ombudsman, said the agency under President Donald Trump has acted to "serve the wishes of the most powerful financial companies in America."

Read the full article about student loan default rates by James Paterson at Education Dive.