This article examines problems with the student loan program from an institutional perspective, in the context of reauthorization of the Higher Education Act of 1965. It raises questions for evaluating reform proposals; presents seven key principles for student loan reform; and offers suggestions for a pilot program addressing direct lending,…

This article reviews student loan programs around the world; notes the problem of financial inefficiency, particularly in developing nations; discusses strategies to improve loan program performance, such as program targeting and avoidance of hidden subsidies; and considers alternatives to student loans based on principles of deferred payment. (DB)

Based on a survey of former California State University students who repaid (224) or defaulted on (128) loans, an analysis found high levels of significance in postsecondary outcome variables (graduation, employment and income patterns), institutional practices and characteristics, student background characteristics, and understanding of rights…

This exploratory study examines the factors that college students perceive are important in helping them make good financial decisions about paying for a college education. The study categorizes and summarizes students' self-reported responses to an open-ended survey question about recommendations for changes in financial aid counseling practices.…

This report presents findings and recommendations resulting from a study on the costs and benefits of a Department of Education policy of encouraging lenders of student loans to grant forbearances to borrowers who experience temporary financial hardship but do not satisfy the specific conditions required for government-prescribed deferments. The…

This directory contains a list of public and nonprofit private elementary and secondary schools designated as having a high concentration of students from low-income families. Full-time teachers at these schools may have a portion of their student loans canceled under the Federal Perkins Loan Program and the National Direct Student Loan Program.…

The report describes the Kansas State University Community Service Program, which reduces student indebtedness in return for involvement in community service activities. The program is administered and coordinated by students and has four major components: (1) Community Service Teams--interdisciplinary teams of four to five students who live and…

An agenda for research on financial issues in graduate education is proposed for the National Commission for Student Financial Assistance, based on the stipulations of Public Law 96-374, Section 491, part (7)(A). Research needs are as follows: (1) to determine the extent to which students may be dissuaded from pursuing graduate education on…

In 1983, the Washington State Legislature passed a bill providing incentive loans for students to become mathematics and science teachers. This report describes the employment status of loan recipients who completed teacher preparation programs as of November, 1987. Responses to the survey questionnaire from 199 teachers provided answers to the…

Lenders' billings for interest subsidy payments under the Department of Education's Guaranteed Student Loan Program (GSLP) are discussed. In fiscal year 1986, the Department of Education paid lenders $2.4 billion in interest subsidies on $39 billion of outstanding Guaranteed Student Loans. The General Accounting Office (GAO) reviewed the accounts…

This manual is designed to instruct administrators of the Guaranteed Student Loan (GSL) Program in how to take every step possible to administer the program effectively and to minimize the program costs of serving the high risk student. It shows schools how to work with students throughout their time in school, create ownership of the loan(s) by…

Pertinent information about the Alaska Student Loan Program is summarized. The topics covered include: purpose of the program; terms; questions and answers concerning loan amounts, application procedures and repayment; a payment reminder including a schedule of payments; the Alaska student loan statutes; and the Alaska student loan regulations.…

The status of the U.S. Office of Education-sponsored National Direct Student Loan funds at 19 selected postsecondary schools was reviewed. Enabling legislation intended that schools attain a revolving fund status but each school differs in its ability to do this because different loan collection procedures are used. Legislation requires schools to…

The text is given of the amendments to part 177 of Title 45 of the Code of Federal Regulations, concerning the federal Guaranteed Student Loan program. Subpart A concerns the program's purpose and scope. Subpart B concerns general provisions: definitions, eligibility, permissible charges, refunds, and prohibited transactions. Subpart C addresss…

A proposed Tuition Advance Fund is advocated as a solution to the student financial aid and loan default problem for undergraduate students in degree programs at accredited institutions. Qualifying students could borrow funds for three years and repay in the future through payroll withholding or estimated tax payments. (LBH)