The Tuition Advance Fund is proposed as a financial aid program that transfers the burden of financing higher education from parents to students. The federal government would establish a fund from which any student successfully completing his freshman year could draw an advance for tuition and expenses the following year, and repayments would be…

Since 1973, the Internal Revenue Service has considered all educational loan cancellations, where specific duties or employment is required, as taxable income. Implications for students, the courts, and federal legislation are discussed. (LBH)

Considered is the following question: If a consumer loan is prepaid before the contract time, how much of the total interest should be paid to the lending institution? Discusses the validity of the rule and demonstrates strategies for answering interest questions. (PK)

Information on GSL defaults in five states is reviewed: California, Illinois, Massachusetts, New Jersey, and Pennsylvania. Default rates are defined and levels of default are examined using a variety of analytical methods. (Author/MLW)

Under the College Housing Loan Program, the Education Department lends money to colleges to build and refurbish dormitories and other student facilities. Problems plaguing the loan program are discussed. Both colleges and the federal government have broken most of the rules governing the program. (MLW)

This publication explains what federal student financial aid is and the types of student aid that are available. The introduction, "Student Aid at a Glance," presents information about what student aid is, who gets it, and how to get it. The second section discusses "Finding Out about Student Aid." The next section provides…

This publication explains what federal student financial aid is and what types of student aid are available. The introductory section, "Student Aid at a Glance," presents information about what student aid is, who gets it, and how to get it. The second section discusses "Finding out about Student Aid." The next section provides…

This Spanish-language publication explains what federal student financial aid is and what types of student aid are available. The introductory section, "Student Aid at a Glance," presents information about what student aid is, who gets it, and how to get it. The second section discusses "Finding out about Student Aid." The next…

Data from the National Postsecondary Student Aid Study (NPSAS) (National Center for Education Statistics) show that the majority of students are turning to loans to finance college, and debt levels are escalating. Thirty-nine percent of student borrowers now graduate with unmanageable levels of debt, meaning that their monthly payments are more…

During a symposium on ensuring student loan repayment, writers were recording best practices and ideas for improvements in student loan programs. The chapters of this handbook are organized in the same way that the symposium discussions occurred. Chapter 1 summarizes recent trends in student loan defaults and the general themes that emerged during…

This hearing was held to consider whether the student loan programs of the Department of Education place tax dollars at risk. In his opening remarks, Representative John L. Mica (Florida) pointed out that for nearly 10 years, the U.S. General Accounting Office has labeled these programs as a high risk for fraud, waste, abuse, and mismanagement. In…

This publication explains what federal student financial aid is and what types of student aid are available. Two introductory sections present: federal student aid at-a-glance (what it is, who gets it, and how to get it) and finding out about student aid. The first section presents general information on the following subjects: student…

A brochure describes how student loan default can cause permanent damage to an individual's financial future. and how to prevent default. A student loan is a legal promise. In exchange for help funding one's education, a promise is made to repay the education loan. The promise is made by signing a Promissory Note for any funds borrowed. Loan…

This report compares the borrowing patterns of two cohorts of bachelor's degree recipients and examines their debt burdens (defined as monthly payments as a percentage of monthly salary income) a year after they graduated, using data from the 1993/94 and 2000/01 Baccalaureate and Beyond Studies. The participants in these studies were first…

Colleges must investigate financing options before they are needed by their students and be ready to help students find new and creative ways to fund their education. Tax-exempt financing options, new sources of loan capital, cooperative arrangements with state agencies, and new federal aid are among the possibilities to explore. (Author/MSE)