A study assessed borrowing patterns of 3,495 indebted medical students at Thomas Jefferson University (Pennsylvania) in relation to changes in cost of education, parents' income, availability of grant funding, legislative changes to loan eligibility criteria, and average interest rates on federal unsubsidized loans. Results show students borrow…

This study examined student loan default rates at 98 of the 104 historically black colleges and universities (HBCUs) in the United States. About 3 percent of all federal students loans made in fiscal year (FY) 1995 were made to students at HBCUs, a percentage that has remained steady from FY 1991 through FY 1995. For FY 1993, the average loan…

The Stafford Loan Program (formerly called the Guaranteed Student Loan Program) makes three kinds of student loans for postsecondary education: Stafford Loans, Supplemental Loans for Students (SLS), and Parents Loans for Undergraduate Students (PLUS). Stafford loans are low-interest loans based on financial need, while SLS and PLUS loans are not…

In accordance with a Legislative Budget and Audit Committee special request and the provisions of Title 24 of the Alaska Statutes, a review was conducted of the Alaska Commission on Postsecondary Education's experience with various collection contractors used to collect defaulted student loans. The primary purpose was to assess the success that…

Recommendations of the Belmont Task Force concerning the problem of student loan defaults are offered to the U.S. House of Representatives. The task force concludes that the purpose of the Guaranteed Student Loan (GSL) program has changed significantly in the last decade. While originally established as a loan of convenience for middle-income…

The characteristics of student loan borrowers and differences between those who repay their loans and those who default are examined. Data are based on the New York State Higher Education Services Corporation Guaranteed Student Loan database and responses to a questionnaire mailed in spring 1984 to a sample of New York State student loan…

The Maryland Higher Education Loan Corporation was created by an Act of the 1963 Maryland General Assembly. After several changes in the corporation and some study of various state and private student loan plans and developing regulations and procedures, the corporation became operational in July 1965. Agreements were made with United Student Aid…

The Student Loan Marketing Association (Sallie Mae) is a private profit-making corporation chartered by Congress in 1972 to create a secondary market for Guaranteed Student Loans (a program established by Title IV-B of the 1965 Higher Education Act). Sallie Mae's job is to help lending institutions thaw frozen cash and make more loans. (BM)

Delinquency rates for rotating loan funds might be reduced if the financial aid officer took charge of loan billing and collection rather than relying on the bursar's office, which is often not as familiar with the loan programs. Methods used at Georgetown University are described. (LBH)

Loan deferment and forgiveness programs, first developed at the Harvard Law School, are appearing at a variety of institutions. These schools are helping alumni who choose public interest careers to pay off educational loans. Public interest careers include working for schools, hospitals, the government, arts organizations, etc. (MLW)

The range of alternative financing plans that have been devised to help students and their families finance a college education are examined, including college installment payment plans; tuition as an investment; low- to market-rate interest loan programs; and external funding plans. (Author/MLW)

The 1999 Minnesota Legislature asked for a study of the borrowing and repayment problems of students in the Academic Health Center (AHC) at the University of Minnesota. Findings of this study show that most graduate and professional students at the AHC borrowed by the time they completed their graduation or professional programs. Many borrowed…

This guide is intended to help school financial aid administrators meet the requirement that they provide in-person exit counseling to borrowers of Federal Direct Stafford/Ford Loans (direct subsidized) and Federal Direct Unsubsidized Stafford/Ford Loans (direct unsubsidized). The guide is intended to be used with a companion video and a guide for…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

A table showing the rates of default on Stafford Student Loans at more than 2,600 non-profit colleges, universities, and vocational and technical schools is presented. The default rate represents the proportion of borrowers entering repayment status in fiscal 1986 who failed to make loan payments. (MLW)