In response to sharply rising student debt, the University of Illinois at Chicago, in conjunction with Wheaton College and the University of Chicago, has helped design microcomputer-driven software to teach students about loan programs, assist in personal financial goal analysis, define expectations, and integrate budgeting and financial planning…

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…

Some state-supported medical school programs have payback and loan repayment programs requiring physician service in rural/underserved areas. Survey of 183 University of Washington medical students from Alaska, Montana, and Idaho found half would avoid attending a medical school with mandatory payback, but half thought such a program would…

The history and dynamics of reparations for African Americans are explored. The lack of current research and writing on the subject in sociology and political sciences journals is contended to be a conspiracy of silence in academia on the subject of restitution for 500 years of oppression. A program of reparations of three kinds is suggested: 1)…

Federal Student Aid's core mission is to ensure that all eligible Americans benefit from federal financial assistance--grants, loans and work-study programs--for education beyond high school. The programs administered comprise the nation's largest source of student aid: during the 2005-06 school year alone, approximately $78 billion in new aid was…

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 booklet, designed to help Colorado higher education students make informed decisions about undertaking educational loans, contains information on determining a reasonable debt level, budgeting future expenses, and available loan programs. Following an introduction, Part 1 introduces the reader to the basics of educational loans including…

This brochure contains suggestions for individuals repaying student loans on how they might benefit from Direct Loans, a program which consolidates multiple loans into a single account and offers favorable repayment terms, convenience, financial flexibility, and competitive interest rates. The brochure contains information on factors to be…

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 report presents an analysis of the debt levels and debt burdens of recent 4-year college graduates, based on student-reported data from five national surveys taken over the period 1977 to 1990. Report sections first describe the data and methodology of the study; second, present these findings and identify specific sub-groups most likely to…

This report presents findings of a national survey on the use of credit cards by college students. A computer-assisted telephone survey of a stratified random sample resulted in a total of 750 completed surveys. Following a chart summarizing selected earlier studies, the report presents the major findings of this survey: (1) credit card use is a…

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…

This report on abuses in federal student aid programs, particularly the Guaranteed Student Loan Program (GSLP), is based on information gathered by the Senate Permanent Subcommittee on Investigations in the course of its overall investigation and the testimony and exhibits received during the course of hearings held between February and October,…

The cost to a typical borrower of participating in the Guaranteed Student Loan (GSL) program was studied, based on the analysis of automated models that calculate total borrower costs under various scenarios. The focus was related to the actual costs of obtaining and repaying a student loan. Conclusions are as follows: (1) student borrowers under…

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…