Presented is an interactive PASCAL computer program that computes the true mortgage interest rate. The half-interval technique, a method from numerical analysis, is incorporated into the program algorithm to approximate a solution of a continuous function on a closed interval. (JJK)

This article illustrates a fundamental challenge faced by the charter school movement. Charter schools are publicly funded, yet privately managed under the terms of a charter with a governing body, whether it be the state, a local authorizing board, a local school district, or a university. Even though charter schools are public schools, and often…

2Futuro is a new "Spanish-first" college-financing program rolled out by Sallie Mae and USA Funds. The pilot version of 2Futuro launched last summer and is, say its partnering agents, "the only fully bilingual college-financing and outreach program that enables Hispanic parents and students to apply for college loans in Spanish. By the end of the…

Suggests strategies for finding an appropriate bank for a day care center, maintaining a good relationship with a bank once one has been selected, and obtaining and repaying a day care center loan. (SKC)

The means by which students can discharge loan obligations through bankruptcy are reviewed, and issues and procedures for the institution-creditor to consider are presented. (MSE)

The annual meeting of the College Board focused on some of the most controversial issues facing higher education including: productivity, accountability, prepaid tuition plans, Guaranteed Student Loan (GSL) program, and one alternative to the G.S.L.--students could borrow from the government and then pay a higher Social Security tax. (MLW)

The text of "Student Loans: Are They Overburdening a Generation?", the report of the Joint Economic Committee of Congress concerning the impact of large student debts on the national economy, individual borrowers, education, and society in general is presented. (MSE)

The Minnesota Supreme Court upheld a decision that student loan default, and subsequent dismissal through bankruptcy, is sufficient reason to deny a law student's bar admission. The bar's requirement of good moral character was interpreted as financial integrity in the Gahan case. (MSE)

Uses the theme of usury in Shakespeare's "The Merchant of Venice," and the history of Christian and Jewish beliefs concerning the charging of interest on loans to crystallize lending practices throughout history, particularly the medieval period and the transition to modern capitalism. Outlines themes addressed in the unit and…

A new federal regulation requires that both students and institutions repay the portion of student aid not used for education. Students must repay the "unearned" portion, less a 50% discount; colleges must return the portion of student aid that does not cover the period in which they were enrolled. Critics include community colleges,…

Application of the statistical techniques of survival analysis and credit scoring to private education loans extended to law students found a pronounced seasoning effect for such loans and the robust predictive power of credit bureau scoring of borrowers. Other predictors of default included school-of-attendance, school's geographic location, and…

Examines whether undergraduate students are incurring excessive debt to finance college attendance. Using data on debt levels for 1982-83 full-time college seniors in California, the study concludes that no more than four percent of dependent students and five percent of independent students have excessive debt. Includes six tables, seven notes,…

Trends in students' responses to the annual graduation questionnaire of the Association of American Medical Colleges from 1981 to 1986 were examined. Changes in career activity reflected increasing interest in full-time academic appointments and decreasing interest in solo, private practices. (Author/MLW)

Given the pressure for alternative uses of government funds, loans will continue to have a role in the student assistance program. The limitations inherent in their use and how best they may be coped with are explored. (MLW)

Student loans have become an essential ingredient of financial planning for college. The Guaranteed Student Loan Program's default rate is over 10 percent. World Bank and other international data suggest three solutions: longer repayment terms, graduated repayment schedules, and forgiveness for individuals choosing public service. (8 references)…