As a graduate of Dartmouth College who holds a Ph.D. from the University of Wisconsin-Madison, the author launched her academic career with a total debt load of over $105,000. As soon as she started working as a full-time faculty member six years ago, she began to make payments of between $600 and $1,000 a month to creditors, depending on what her…

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)

The paper reviews and critiques the 13 existing (1987) law school assistance programs and proposes a national repayment-assistance debt-forgiveness program which would involve an income-contingent repayment "tax" coupled with an assurance to creditors of repayment by means of a "guarantee" or "insurance" fund. (DB)

The new Australian Higher Education Contribution Scheme allows students to either pay a standard tuition charge on enrollment or defer payment until they are earning at least the current average taxable income. At that point, they incur a debt to the government for the amount deferred and repayment rate is based on income. Conceptual bases and…

As guidelines for residential financing, the authors compare different approaches to understanding and figuring the costs of home ownership: the relation of income to house price and housing costs, interest rate, and mortgage term. Instead of the traditional method, they recommend the time value of money approach. (MF)

Trustees, it is suggested, should keep an eye out for burgeoning short-term debt, over-optimistic income estimates, hidden enrollment problems, student attrition, and loss of special revenue sources. The absolute size of a college is seen as a factor in making the decision to close. (MLW)

The examination of current and future trends in educational debts incurred by law students concludes that economics will force increasing numbers of law school graduates to emphasize wealth maximization at the expense of public service with resultant decreases in access to legal services for low- and middle-class clients. (DB)