It is proposed that a recent court decision concerning default on National Health Service Corps scholarship obligations has addressed thoroughly and resolved all the arguments made by defaulting recipients, placing the scholarships in the realm of grant-in-aid programs and removing common-law defenses of the defaulting student. (MSE)

Debtors seeking discharge in bankruptcy of student loans should be aware of certain arguments in their favor: that the burden of persuasion should remain on the creditor throughout; the standard of proof should be the preponderance-of-the-evidence standard; and that burden of production is, for the most part, the creditor's. Recent case law is…

College students today face heavy student loan debt that is intensified by the amount of credit card debt they carry. This study provides a profile of financially at-risk students based on their credit card usage behavior. When compared to the non-financially at-risk students, those in the financially at-risk group were found to have higher…

An assessment of the cost-effectiveness of an initiative to target 823,278 defaulted student loans in the Debt Collection Service (DCS) for consolidation into the Direct Loan Program concluded that it was not cost-effective. The study found that the Department of Education's cost to consolidate about 80,000 DCS borrowers into the program would be…

This paper examines the impact and implications for the nation's 104 historically black colleges and universities (HBCUs) of the final regulations published in the April 29, 1994 "Federal Register" and traces both the legislative and regulatory history of Part H of the Higher Education Act provisions. The analysis addresses specific…

This report discusses the Federal Family Education Loan (FFEL) Programs, formerly referred to as the Guaranteed Student Loan (GSL) Programs, which are designed to insure and subsidize loans private lenders make to students and their parents to help them meet the cost of postsecondary education. Chapter 1 outlines the major features of the FFEL…

This study addressed the question of whether student loan repayment and default behaviors are more highly related to the characteristics of the college attended or to the characteristics of the aid recipient. The model for the study was based on theories of human capital and public subsidy, ability to pay perspectives, organizational…

Testimony is presented concerning the financial burden the United States government is expected to endure from the billions of dollars in loans it has guaranteed (and continues to guarantee) for business, education, housing, and other purposes, many of which are in areas now experiencing economically hard times. The testimony discusses predicting…

An annual assembly of a panel of experts from the public and private sectors assessed specific foreign policy issues and recommended future direction. The oneset of the debt crisis in 1982 generated fears regarding the future of democracy in Latin America. The focus on the assembled experts was on the role of external pressures and the impact of…

In response to the requirements of the Higher Education Amendments of 1986, this report addresses the impact of the two-year-old Student Loan Consolidation Program. Principle findings of the investigation concern the higher interst costs to the borrower that are brought about by longer payment plans and the fact that the government's subsidy costs…

The American Association of Cosmetology Schools (AACS) criticized the General Accounting Office (GAO) report which stated that federal student financial aid was being spent to train proprietary school students for oversupplied occupations. The GAO defended the following findings: (1) an occupation-specific training program that lacked a general…

This report provides Federal Family Education Loan (FFEL) official cohort default rates for all schools with 30 or more borrowers or official average cohort default rates for schools with under 30 borrowers. The schools listed in this report have fiscal year 1995 official cohort default rates of 40 percent or higher, which may make them subject to…

This brief statement offers 10 questions for consideration by American Dental Association (ADA) officials and others concerned with the burdensome indebtedness graduates often incur for their dental education. Questions ask for assessments in such areas as school operating costs, tuition, school support, loan forgiveness, and how the ADA can help…

Uses National Postsecondary Student Aid Study data to analyze the characteristics of student loan recipients and compare defaulters and nondefaulters along various dimensions, including demographic profiles, socioeconomic characteristics, and educational attainment. Borrowers from low-income households and minority groups, high school dropouts,…

The Ontario Student Loan Program has experienced problems with default on student loans, as have loan systems in other countries where governments rely mainly on banks and special departments of quasi-public institutions to monitor or police the borrowers. This report discusses the need for radical modifications of the student loan program to…