During the spring of 1974 a series of seminars on student aid programs was held in connection with the congressional hearings on Title IV of the Higher Education Act. This seminar report, which focuses on some of the issues arising from the National Direct Student Loan program and Title IV-B of the Higher Education Act, hopes to communicate widely some of the critical issues and concerns raised by the participants who have studied loan programs or who have worked extensively with them. The issues discussed in this document are as follows. (1) Student Aid Patterns at High-Cost Private Institutions and Alternatives and Recommendations Concerning Loan Programs; (2) Some Considerations for Congress on Loan Programs and What Should be Done with NDSL; (3) A Model on Loan Defaults; and (4) Imperatives in Establishing a Loan Program and the Viewpoint of Loan Program Administrators. (Author/KE)