The Department of Education has failed to get back more than $1 billion owed from nearly 1,300 colleges, according to a new report from an education advocacy group, The Hill reported. The National Student Legal Defense Network, using data obtained from Freedom of Information Act requests, said in its report published Thursday that colleges owe around $1.2 billion to the department as of February. The nonprofit organization asserted that while the department pursues student loan borrowers "aggressively," the same treatment is not applied to colleges and owners. The report says that the department's failure to collect debt from colleges has likely cost it at least $218 million because "the statute of limitations on collections has expired."
