To the Editor:

A university president I know was invited to an Obama administration meeting regarding default rates on student loans. One administration official admonished the invited presidents on their default rates and the potential loss of funding if their default rate was too high. The next administrator admonished them on needing to make more loans to students with a high risk of default, many of whom are from disadvantaged families and minorities.

The presidents asked…

Read the rest of the article at NYTimes.com