July 29, 1982 (vol. 92, iss. 50) • Page Image 1
…The Michigan Daily Vol. XCII, No. 50-S Ann Arbor, Michigan-Thursday, July 29, 1982 Ten Cents Twelve Pages MORE THAN 500 COLLEGES TO LOSE FUNDS Feds crack down on loan defaults WASHINGTON (AP) - Education Secretary T. H. Bell yesterday barred more than 400 colleges and trade schools from receiving further federal student-loan money on grounds their default rates exceed 25 percent. The University of Michigan, however, wad not one of those schoo...…