The Bankruptcy Reform Act specifically prohibits discharge of educational loans. This statutory exception is discussed and information is provided for lawyers handling loan collection. The anomalous situation created by the chapter that does not specifically discharge educational debt is also described. (MSE)

While legal action to collect defaulted student loans is required, an equally important aspect of the student loan dilemma is to identify ways institutions can reduce the rate of future defaults. "Due diligence" procedures are discussed, as well as other administrative measures helpful to institutions. (MLW)

Although seldom used by organizations such as schools, Chapter 11 of the Bankruptcy Reform Act of 1978 is definitely available to them. College administrators must understand how the code can work and overcome emotional resistance to filing a bankruptcy proceeding. Reviewers' comments to those ideas are included. (MSE)

The use of a student loan secondary market by a lender under the federally guaranteed Stafford Student Loan Program can be a shock to a student unfamiliar with the role secondary markets play. The first student loan secondary market (Student Loan Marketing Association, or Sallie Mae) was created in 1973. (MLW)

Outlines design issues involved with introducing an income-contingent, college student-loan program and describes the solutions adopted by Australian and New Zealand governments. Uses dynamic microsimulation to simulate the likely future repayment profiles for two Australian ICL schemes and assesses the proportion of total debt repaid. (19…

This article describes the operation of the student loan program in Nigeria, including its past problems and current attempts of the Nigerian Students Loans Board to improve efficiency of loan collection. It proposes the establishment of a new Education Bank to finance student loans and other forms of investment in higher education. (Author/DB)

Provides an overview of changes in Treasury Regulations as they affect school debt financing, including bond and note construction and acquisition issues, other types of equipment and property financing, as well as tax and revenue anticipation notes for working capital needs. (MLF)

Proposes a remodeled funding system for UK higher education that incorporates a graduate tax system and reduces dependency on general taxation. Estimates this system's effects on available resources, economic attractiveness to students, and implications for public expenditure. Proposal offers a non-means-tested grant for students, combined with an…

Analysis of data from 443 graduating college seniors found many students: (1) unaware of their total loan indebtedness and payment obligations (both over- and under-estimating debt payments); (2) borrowed to support "a better lifestyle," and (3) were unable to estimate realistically their post-graduation earnings and ability to meet repayment…

Examines the debt burden of 1992-1993 bachelor's degree recipients in light of their financial circumstances approximately 4 years after graduation. Data from the Baccalaureate and Beyond Longitudinal Study show that about one-half of all 1992-1993 bachelor's degree recipients borrowed to help pay for their undergraduate education, and about…

Problems with the Reagan administration's proposal for an income contingent loan (ICL) program are discussed. From an institution's perspective, ICLs are likely to be a major administrative headache because colleges would be required to administer it. (MLW)

Examines student loan systems in both developed and developing countries to provide guidance on issues such as loan size, eligibility criteria, and repayment terms. Experience suggests that student loans in developing countries are feasible, but that benefits may be more modest than previously suggested. Includes two notes and 23 references. (MLH)

A report on for-profit trade schools said that many schools offer such poor-quality training that large numbers of their students drop out and default on their student loans when they cannot find jobs. Secretary Bennett calls on Congress to crack down on proprietary schools. (MLW)

The rapid and substantial rise in college student indebtedness has raised concern about young people's ability to repay loans and the impact on the national economy, the borrowers' economic well-being, equality of access to higher education, and even the educational process itself. (MSE)

Reviews provisions of the Tax Reform Act (1986) affecting schools that issue bonds, notes, or warrants. While interest on school financing will remain tax-exempt, school officials will need to master new concepts involving private agency bonds and arbitrage restrictions. Further erosion of schools' tax-exempt status is likely. (MLH)