The Wake County Public School System is also grappling with a shortage of bus drivers.
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Around 9.5 million people - 1 in 5 federal student loan borrowers - are in default, meaning they are more than nine months behind on their payments.
Wake County school officials say crews are working under a tight deadline to complete millions of dollars in structural repairs at three elementary schools.
ECU is among five other medical schools being investigated by the Department of Education, the Department of Health and Human Services, and the Department of Justice.
District officials say contingency plans are in place if work isn't finished on time.