CORRECTION to July 27 story on college graduation rates

EDS: Clients who used a story slugged BC-CNS-Failing Colleges that moved Monday, July 27, under a WASHINGTON dateline, are asked to use the following correction. An updated version of the story has been posted here.

WASHINGTON – A July 27 Cronkite News story about college graduation and student loan default rates may have left the incorrect impression that graduation rate projections made by Grand Canyon University were for the current year. According to data from the Integrated Postsecondary Education Data System, Grand Canyon had a graduation rate in 2013 of 30 percent and a first-year student retention rate of 59 percent that year.