Should students who are academically underprepared for college have immediate, unrestricted access to student loans? Approximately 60% of community college students nationally are placed into developmental coursework and completion rates for these students are highly disappointing: only one in 10 earns a community college credential within three years, while one in three has earned a bachelor’s degree within six years (Complete College America, 2012). Although most developmental education (Dev Ed) students drop out before earning a degree, a recent national study found that in 2011-12, Dev Ed community college students (36%) borrowed at similar rates as their college-ready peers (38%) (Fernandez, Barone, & Klepfer, 2014). Dev Ed students are a vulnerable population of borrowers, as non-completion has consistently been identified as the strongest predictor of loan default (Gross et al., 2009)