Sample records for include student loan

  1. The New England Student Loan Survey II. Final Report.

    ERIC Educational Resources Information Center

    Pedalino, Marilyn; And Others.

    The New England Student Loan Survey (NESLS) II investigated the impact of student loans on borrowers, their consumption patterns, and their attitudes towards repayment. The 1,442 subjects, recent borrowers now repaying their student loans, included 283 high debt-low income borrowers and 207 prior defaulters now in repayment. Findings included the…

  2. Student Loans: The Empirical Record.

    ERIC Educational Resources Information Center

    Finnie, Ross

    2001-01-01

    Presents results of an empirical investigation of Canadian student loans for four recent cohorts of graduates. Data include proportion of students graduating with loans and average amounts borrowed, loan burden measured by debt-to-earning ratios, repayment rates following graduation, and number of graduates reporting loan difficulties. Results are…

  3. Valuing the Student Loan Consolidation Option. Congressional Budget Office Background Paper

    ERIC Educational Resources Information Center

    Weinberg, Steven

    2006-01-01

    Federal student loans include a complex consolidation option that gives borrowers the opportunity to combine several loans into a single loan with a longer term to maturity and, for loans originated before July 2006, to convert from a variable- to a fixed-rate loan. The consolidation option adds substantial costs to the federal student loan…

  4. 34 CFR 601.21 - Code of conduct.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... for private education loans, including funds for an opportunity pool loan, to students in exchange for..., the term opportunity pool loan means a private education loan made by a lender to a student attending... functions during emergencies, including State-declared or Federally declared natural disasters, Federally...

  5. Associations Between Pharmacy Students' Attitudes Toward Debt, Stress, and Student Loans.

    PubMed

    Chisholm-Burns, Marie A; Spivey, Christina A; Jaeger, Melanie C; Williams, Jennifer

    2017-09-01

    Objective. To assess graduating pharmacy students' attitudes toward debt and determine associations with stress, student loan debt, financial need, current employment, post-graduation plans, and expected length of time to repay loans. Methods. Survey was conducted using an attitudes-toward-debt scale (sub-scales: tolerant attitudes toward debt; contemplation and knowledge about loans; fear of debt), Perceived Stress Scale, and questions concerning current employment, estimated total student loan debt, post-graduation plans, and expected length of time to repay loans. Federal loan data were collected using financial aid records. Independent samples t -test, ANOVA, and Pearson's r correlations were conducted. Results. There were 147 students (96.7%) who participated. The majority were female (59.2%), white (69.4%), and had federal student loans (90.5%). Mean total loan amount was $153,276 (SD $59,810), which included federal students loans accumulated before and during pharmacy school. No significant differences were noted on attitudes toward debt or stress based on whether respondents had federal student loans. Greater "fear of debt" was correlated with increased stress, estimated total student loan debt, total federal loan debt, and pharmacy school loan debt. Greater "contemplation and knowledge about loans" was correlated with lower estimated total student loan debt, total federal loan amount, and pharmacy school loan amount. Students with higher "contemplation and knowledge" scores expected to repay loans within a shorter time frame than students with lower scores. Conclusion. Increased fear of debt was related to greater perceived stress and higher student loan amounts borrowed, while increased contemplation and knowledge about loans was associated with lower amounts borrowed. Educational programming concerning loans, debt, and personal financial management may help reduce stress and amount borrowed.

  6. Associations Between Pharmacy Students’ Attitudes Toward Debt, Stress, and Student Loans

    PubMed Central

    Spivey, Christina A.; Jaeger, Melanie C.; Williams, Jennifer

    2017-01-01

    Objective. To assess graduating pharmacy students’ attitudes toward debt and determine associations with stress, student loan debt, financial need, current employment, post-graduation plans, and expected length of time to repay loans. Methods. Survey was conducted using an attitudes-toward-debt scale (sub-scales: tolerant attitudes toward debt; contemplation and knowledge about loans; fear of debt), Perceived Stress Scale, and questions concerning current employment, estimated total student loan debt, post-graduation plans, and expected length of time to repay loans. Federal loan data were collected using financial aid records. Independent samples t-test, ANOVA, and Pearson’s r correlations were conducted. Results. There were 147 students (96.7%) who participated. The majority were female (59.2%), white (69.4%), and had federal student loans (90.5%). Mean total loan amount was $153,276 (SD $59,810), which included federal students loans accumulated before and during pharmacy school. No significant differences were noted on attitudes toward debt or stress based on whether respondents had federal student loans. Greater “fear of debt” was correlated with increased stress, estimated total student loan debt, total federal loan debt, and pharmacy school loan debt. Greater “contemplation and knowledge about loans” was correlated with lower estimated total student loan debt, total federal loan amount, and pharmacy school loan amount. Students with higher “contemplation and knowledge” scores expected to repay loans within a shorter time frame than students with lower scores. Conclusion. Increased fear of debt was related to greater perceived stress and higher student loan amounts borrowed, while increased contemplation and knowledge about loans was associated with lower amounts borrowed. Educational programming concerning loans, debt, and personal financial management may help reduce stress and amount borrowed. PMID:29109558

  7. The Cost of the Consolidation Option for Student Loans. A CBO Paper

    ERIC Educational Resources Information Center

    Weinberg, Steven; Moore, Damien

    2006-01-01

    The federal government's student loan programs for higher education convey substantial financial benefits to borrowers because of their broad availability and favorable terms. Of the various provisions included in a federal student loan contract, the option to consolidate individual loans contributes greatly to a borrower's benefits and the cost…

  8. Repaying Your Student Loans, 2003-2004. [Braille Version].

    ERIC Educational Resources Information Center

    Office of Federal Student Aid (ED), Washington, DC.

    This Braille publication explores available options on federal student loans so that borrowers can avoid repayment problems and manage and repay their debts. The guide contains information on repayment plans for Perkins loans, Direct Loans, and Federal Family Education Loans. The repayment options discussed include consolidation, deferment, and…

  9. Como reembolsar sus prestamos para estudiantes (Repaying Your Student Loans).

    ERIC Educational Resources Information Center

    Office of Federal Student Aid (ED), Washington, DC.

    This guide, written in Spanish, discusses how to repay student loans. Following a general introduction, the guide discusses the grace period before repayment and repayment requirements. Repayment plans are described for Perkins Loans, Direct Loans, and Federal Family Education Loans. Repayment options are discussed, including consolidation,…

  10. The Student-Loan System Needs a Major Overhaul

    ERIC Educational Resources Information Center

    Hess, Frederick, M.; Squire, Juliet

    2007-01-01

    In September 2007, Congress voted to cut subsidies to lenders in the federal guaranteed-student-loan program and use much of the savings to increase student aid. Congress also passed other significant provisions, including modified repayment periods and loan forgiveness for certain students. Such legislation came on the heels of New York Attorney…

  11. 78 FR 13327 - Request for Information Regarding an Initiative To Promote Student Loan Affordability

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-27

    ... loan balances, with even more in delinquency. Federal student loans frequently provide for income-based... the levels of delinquency and default. \\4\\ Department of the Treasury, Office of Financial Research..., including lenders and loan servicers; Nationally recognized statistical rating organizations (NRSROs...

  12. Student Debt and the Class of 2015. 11th Annual Report

    ERIC Educational Resources Information Center

    Cochrane, Debbie; Cheng, Diane

    2016-01-01

    Student Debt and the Class of 2015 is the eleventh annual report on the student loan debt of recent graduates from four-year colleges, documenting the rise in student loan debt and variation among states as well as colleges. This report includes policy recommendations to address rising student debt and reduce debt burdens, including collecting…

  13. 78 FR 66714 - Proposed Agency Information Collection Activities; Comment Request

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-06

    ..., including through the use of automated collection techniques or other forms of information technology; and e... three data items: Government-guaranteed Student Loans, Private Student Loans, and Other Consumer Loans... FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request AGENCY...

  14. Effect of Defaulted Student Loans on Return to Work Efforts. Policy & Practice Brief #7

    ERIC Educational Resources Information Center

    Cebula, Ray; Hager, Ronald M.

    2003-01-01

    Many individuals with disabilities may have attempted college either before or after they became disabled. If prior college attempts were unsuccessful, the student may have defaulted on student loans. When the loans are secured by the federal government, the individual will not be eligible for further financial assistance, including all federal…

  15. A Predictive Model of Student Loan Default at a Two-Year Community College

    ERIC Educational Resources Information Center

    Brown, Chanda Denea

    2015-01-01

    This study explored whether a predictive model of student loan default could be developed with data from an institution's three-year cohort default rate report. The study used borrower data provided by a large two-year community college. Independent variables under investigation included total undergraduate Stafford student loan debt, total number…

  16. Direct Loans: A Simple, Convenient, Flexible Way To Finance Your Education.

    ERIC Educational Resources Information Center

    Department of Education, Washington, DC. Student Financial Assistance.

    This pamphlet provides basic facts about the U.S. Department of Education's Direct Loan Program for students. These loans include Federal Direct Stafford/Ford Loans, Federal Direct Unsubsidized Stafford/Ford Loans, Direct PLUS Loans, and Direct Consolidation Loans. The pamphlet's sections are: (1) "The Direct Loan Program: What Is It?";…

  17. Perceived Effects of Student Loan Forgiveness on Turnover Intention among Social Workers in Massachusetts.

    PubMed

    Fakunmoju, Sunday B; Kersting, Robert C

    2016-10-01

    Despite the recognition of student loan forgiveness programs (SLFPs) as a recruitment tool and job retention mechanism, little is known about their perceived effects on turnover prevention or potential to ease turnover pressure and prevent activation of turnover intention. This article describes the results of a recent survey by the National Association of Social Workers (Massachusetts chapter) on SLFPs. Specifically, the article examines the role of turnover intention and sociodemographic factors on the perception of whether student loan forgiveness (SLF) could prevent social workers from leaving their jobs. Results from bivariate and multivariate analyses using convenience sample (N = 569) suggest that amount of student loan debt, worrying about student loan debt, and turnover intention were significantly associated with perceiving SLF as likely to prevent turnover. Similarly, student loan variables differed by demographic characteristics. MSW graduates were more likely than BSW graduates to have inquired about SLFP, owe more student loan debt, and indicate propensity to participate in SLFP. However, BSW graduates were more likely than MSW graduates to worry about student loan debt. The article concludes with a discussion of the implications of findings for policy, practice, higher education, and future research, including relevance to advocacy and legislative efforts.

  18. The Guaranteed Student Loan Program: Options for Controlling Federal Costs While Preserving Needed Credit for College. A Discussion Paper.

    ERIC Educational Resources Information Center

    College Entrance Examination Board, Washington, DC.

    The Reagan Administration's proposals concerning the Guaranteed Student Loan (GSL) Program and possible alternatives are examined. A variety of proposals are analyzed in terms of the estimated cost savings and potential effects on the supply of and demand for student loans. Background is also included on the history of legislative changes and…

  19. Selected Amendments Enacted Since 1980 To Control Guaranteed Student Loan Defaults. CRS Report for Congress.

    ERIC Educational Resources Information Center

    Fraas, Charlotte J.

    Congress, over the past decade, has enacted a number of laws with provisions aimed at preventing defaults and improving collections on defaulted student loans. This report presents a synopsis of legislative provisions enacted to combat student loan defaults beginning with the Education Amendments of 1980. The laws included in the report are:…

  20. Rising levels of New Zealand medical student debt.

    PubMed

    Verstappen, Antonia; Poole, Phillippa

    2017-06-16

    There is little recent data on the debt levels accrued by New Zealand medical graduates. We aimed to quantify the level of student loan debt accrued by medical graduates upon completion of their medical degree, and to investigate the association of New Zealand Government Student Loan (GSL) debt with gender and age. At graduation each year from 2006-2015, students from one New Zealand medical programme were invited to complete a career intention survey that included information on levels of GSL debt and the number of income sources used. The overall response rate was 83.8%. On average, 92% of domestic students reported having some student loan debt, with 28% a debt of $90,000 or more. The proportion of students reporting a student loan debt of $90,000 or more increased over the period of the study (P<0.0001). While older students were more likely to have a larger student loan debt than younger students, there was no difference in debt levels by gender. Students with larger student loans were more likely to rely on a larger number of financial sources to fund their studies. New Zealand medical students are carrying higher levels of student loan debt year on year. The effect of this on the future medical workforce is not certain; however, this could be negative if graduates choose to enter careers that are more highly paid over areas of high need. The full impact of large loans on individuals and the health system will take years to determine.

  1. Student Loan Debt: Problems & Prospects. Proceedings from a National Symposium (Washington, DC, December 10, 1997).

    ERIC Educational Resources Information Center

    Education Resources Inst., Boston, MA.

    These proceedings include five papers presented at a symposium on issues related to the increasing amounts of student borrowing and resulting student debt. Also included is a synopsis of a roundtable discussion addressing core questions framed by the symposium, as well as several public policy options for addressing student loan debt burden. The…

  2. President Hails Continued Decline in Default Rate on Student Loans.

    ERIC Educational Resources Information Center

    Burd, Stephen

    1997-01-01

    President Bill Clinton used the declining default rate on college student loans as a basis for proposing tax breaks for college costs. Reduced defaults have saved taxpayer money and helped reduce the federal deficit. Over 150 colleges and universities, including 25 private institutions, risk losing eligibility for federal grant and loan programs…

  3. Managing Student Loan Default Risk: Evidence from a Privately Guaranteed Portfolio.

    ERIC Educational Resources Information Center

    Monteverde, Kirk

    2000-01-01

    Application of the statistical techniques of survival analysis and credit scoring to private education loans extended to law students found a pronounced seasoning effect for such loans and the robust predictive power of credit bureau scoring of borrowers. Other predictors of default included school-of-attendance, school's geographic location, and…

  4. Direct Consolidation Loan Guide for Schools.

    ERIC Educational Resources Information Center

    Department of Education, Washington, DC.

    This guide is intended to help educational institutions counsel students and parents about consolidation of federal education loans for borrowers in repayment, borrowers in default, and borrowers who are still in school. Through consolidation, borrowers may combine various types of federal education loans, including direct loans and loans made…

  5. Delinquency: The Untold Story of Student Loan Borrowing

    ERIC Educational Resources Information Center

    Cunningham, Alisa F.; Kienzl, Gregory S.

    2011-01-01

    Student financial aid--including grants and loans--plays a key role in supporting students' access to and success in college. Yet, despite periodic increases in grant funding, students and their families have increasingly relied on borrowing to cover more of the costs of higher education. As the number of student borrowers has increased and their…

  6. A cross-disciplinary assessment of student loans debt, financial support for study and career preferences upon graduation.

    PubMed

    Webster, Craig S; Ling, Christopher; Barrow, Mark; Poole, Phillippa; Henning, Marcus

    2017-07-21

    To explore relationships between student loans debt, financial support and career preferences upon graduation for all healthcare disciplines offered at the Faculty of Medical and Health Sciences, University of Auckland. The Faculty Tracking Project is a longitudinal study which invites students to complete a questionnaire at the beginning and end of their educational programmes, including questions on debt, financial support and career preference. Our analysis comprised three phases: (1) a descriptive analysis of data related to debt and financial support; (2) a principal component analysis in order to find related categories of career choice; and (3) logistic regression models to determine how career preference categories could be explained by either levels of student loans debt or financial support. Data from 2,405 participating students were included. Students in health sciences, nursing and pharmacy typically accrue levels of student loans debt of around $15,000 to $29,999, while optometry students accrue debt around $15,000 higher. Medical students show debt distributed around modes of $0 and $90,000 or more. All students typically access three sources of financial support during study. Career preferences at graduation reduced to four categories for all health disciplines. We found five significant effects, involving students in health sciences, medicine and pharmacy, relating the number of sources of financial support to the four categories of career preference. No significant effects were found related to level of student loans debt. Our results suggest that financial support is a more strongly determining factor in career choices than the level of student loans debt. The four-category framework for student career preferences appears to be a useful model for further research.

  7. Annual Survey of Optometric Educational Institutions, 1984-85.

    ERIC Educational Resources Information Center

    Journal of Optometric Education, 1986

    1986-01-01

    Tabulations include entering class grade point averages and educational backgrounds, loan and non-loan student financial aid granted by the institutions, resident and nonresident student expenses, full-time male and female enrollment in each class, and minority student enrollment in colleges of optometry. (MSE)

  8. State of Student Aid and Higher Education in Texas, 2016

    ERIC Educational Resources Information Center

    Fernandez, Chris; Fletcher, Carla; Klepfer, Kasey

    2016-01-01

    Texas Guaranteed Student Loan Corporation (TG) provides critical support to schools, students, and borrowers at every stage of the federal student aid process--from providing information on how to pay for a higher education including financial aid options, to facilitating successful loan repayment after graduation. This 2016 issue of "State…

  9. State of Student Aid and Higher Education in Texas, 2017

    ERIC Educational Resources Information Center

    Fernandez, Chris; Fletcher, Carla; Klepfer, Kasey

    2017-01-01

    The Texas Guaranteed Student Loan Corporation (TG) offers critical support to schools, students, and borrowers at every stage of the federal student aid process--from providing information on how to pay for a higher education, including financial aid options, to facilitating successful loan repayment after graduation. As part of that support, this…

  10. The Stafford Student Loan Program. Testimony before the Subcommittee on Permanent Investigations, Committee on Governmental Affairs, United States Senate.

    ERIC Educational Resources Information Center

    Frazier, Franklin

    The Stafford Loan Program (formerly called the Guaranteed Student Loan Program) makes three kinds of student loans for postsecondary education: Stafford Loans, Supplemental Loans for Students (SLS), and Parents Loans for Undergraduate Students (PLUS). Stafford loans are low-interest loans based on financial need, while SLS and PLUS loans are not…

  11. Time to Turn Attention to a Different Debt Limit: Downsize Federal Student Loan Programs

    ERIC Educational Resources Information Center

    Parker, Thomas D.

    2011-01-01

    The author has spent much of his working life studying and promoting student loans. As a good liberal Democrat, he spent years arguing for the expansion of the old Federal Family Education Loan Program (FFELP) which had its roots in Lyndon Johnson's War on Poverty. His professional life included stints working for one of the nonprofit FFELP…

  12. Student Loans, Student Financial Aid and Post-Secondary Education in Canada.

    ERIC Educational Resources Information Center

    Finnie, Ross

    2002-01-01

    Briefly describes Canada's student loan system, including the typical costs of a year of postsecondary schooling and the levels of financial support available. Reports the results of an empirical analysis showing that borrowing remains at reasonable levels and repayment difficulties are still relatively uncommon. Suggests various reforms,…

  13. Guaranteed Student Loans: Potential Default and Cost Reduction Options. Briefing Report to Congressional Requesters.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    Thirty options for reducing guaranteed student loan defaults and related federal costs are provided by the General Accounting Office (GAO). The options are presented by groups of program participants: students, schools, lenders, guaranty agencies, and the Department of Education. These options include: adopt GAO's past recommendation to increase…

  14. Keeping Score: Direct Student Lending. An Evaluation Prepared for the Iowa College Student Aid Commission and the Iowa Student Loan Liquidity Corporation.

    ERIC Educational Resources Information Center

    Chance, William

    This paper provides recommendations for the development, implementation, and evaluation of a demonstration program designed to assess direct lending as a replacement for the current federal student loan program. It offers a list of principles which the demonstration project should address. Recommendations include: (1) maintenance of student…

  15. 42 CFR 57.309 - Payment of nursing student loans.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Payment of nursing student loans. 57.309 Section 57... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.309 Payment of nursing student loans. (a) Nursing student loans from any fund may be paid to...

  16. 42 CFR 57.309 - Payment of nursing student loans.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Payment of nursing student loans. 57.309 Section 57... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.309 Payment of nursing student loans. (a) Nursing student loans from any fund may be paid to...

  17. 42 CFR 57.309 - Payment of nursing student loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Payment of nursing student loans. 57.309 Section 57... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.309 Payment of nursing student loans. (a) Nursing student loans from any fund may be paid to...

  18. 42 CFR 57.309 - Payment of nursing student loans.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Payment of nursing student loans. 57.309 Section 57... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.309 Payment of nursing student loans. (a) Nursing student loans from any fund may be paid to...

  19. 42 CFR 57.309 - Payment of nursing student loans.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Payment of nursing student loans. 57.309 Section 57... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.309 Payment of nursing student loans. (a) Nursing student loans from any fund may be paid to...

  20. Student Loans: Direct Loan Default. Report to Congressional Requesters.

    ERIC Educational Resources Information Center

    Bovbjerg, Barbara D.

    This report presents data on default rates within two major federal student loan programs, the Federal Direct Loan Program (FDLP) and the Federal Family Education Loan Program (FFELP). Data from the National Student Loan Data System for 1997 and 1998 indicate that, overall, direct and guaranteed student loan programs had similar default rates--6.6…

  1. 42 CFR 57.306 - Eligibility and selection of nursing student loan applicants.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Eligibility and selection of nursing student loan... STUDENT LOANS Nursing Student Loans § 57.306 Eligibility and selection of nursing student loan applicants. (a) Determination of eligibility. (1) Applicants are eligible for consideration for a nursing student...

  2. 42 CFR 57.306 - Eligibility and selection of nursing student loan applicants.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Eligibility and selection of nursing student loan... STUDENT LOANS Nursing Student Loans § 57.306 Eligibility and selection of nursing student loan applicants. (a) Determination of eligibility. (1) Applicants are eligible for consideration for a nursing student...

  3. 42 CFR 57.306 - Eligibility and selection of nursing student loan applicants.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Eligibility and selection of nursing student loan... STUDENT LOANS Nursing Student Loans § 57.306 Eligibility and selection of nursing student loan applicants. (a) Determination of eligibility. (1) Applicants are eligible for consideration for a nursing student...

  4. 42 CFR 57.306 - Eligibility and selection of nursing student loan applicants.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Eligibility and selection of nursing student loan... STUDENT LOANS Nursing Student Loans § 57.306 Eligibility and selection of nursing student loan applicants. (a) Determination of eligibility. (1) Applicants are eligible for consideration for a nursing student...

  5. 42 CFR 57.306 - Eligibility and selection of nursing student loan applicants.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Eligibility and selection of nursing student loan... STUDENT LOANS Nursing Student Loans § 57.306 Eligibility and selection of nursing student loan applicants. (a) Determination of eligibility. (1) Applicants are eligible for consideration for a nursing student...

  6. The Student Guide. Five Federal Financial Aid Programs. 88-89.

    ERIC Educational Resources Information Center

    Department of Education, Washington, DC.

    Information on five U.S. Department of Education student financial aid programs and how to apply for them is presented: Pell Grants, Supplemental Educational Opportunity Grants, College Work-Study, Perkins Loans (formerly National Direct Student Loans), and Guaranteed Student Loans (Parent Loans to Undergraduate Students and Supplemental Loans for…

  7. 42 CFR 57.305 - Nursing student loan funds.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Nursing student loan funds. 57.305 Section 57.305... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.305 Nursing student loan funds. (a) Funds established with Federal capital contributions. Any...

  8. 42 CFR 57.305 - Nursing student loan funds.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Nursing student loan funds. 57.305 Section 57.305... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.305 Nursing student loan funds. (a) Funds established with Federal capital contributions. Any...

  9. 42 CFR 57.305 - Nursing student loan funds.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Nursing student loan funds. 57.305 Section 57.305... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.305 Nursing student loan funds. (a) Funds established with Federal capital contributions. Any...

  10. 42 CFR 57.305 - Nursing student loan funds.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Nursing student loan funds. 57.305 Section 57.305... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.305 Nursing student loan funds. (a) Funds established with Federal capital contributions. Any...

  11. 42 CFR 57.305 - Nursing student loan funds.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Nursing student loan funds. 57.305 Section 57.305... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.305 Nursing student loan funds. (a) Funds established with Federal capital contributions. Any...

  12. The Fiscal and Social Costs of Consolidating Student Loans at Fixed Interest Rates. Working Paper No. 104

    ERIC Educational Resources Information Center

    Hassett, Kevin A.; Shapiro, Robert J.

    2004-01-01

    The federal government's student loan programs have been very successful, with two-thirds of all students or their families relying on loans provided or subsidized by the federal government. One of these student loan programs allows student borrowers to consolidate their previous loans into a single loan at a subsidized fixed rate based on the…

  13. Direct Loan Training Trainee Guide.

    ERIC Educational Resources Information Center

    Office of Student Financial Assistance (ED), Washington, DC.

    This training guide describes the provisions of the Federal Direct Student Loan Program, identifies the functions of the different partners in the program, and explains the responsibilities of participating schools. Topics covered include an overview of the participants and the program's operation; determining of eligibility and loan amount;…

  14. 42 CFR 57.211 - Cancellation of health professions students loans for disability or death.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Cancellation of health professions students loans..., SCHOLARSHIPS AND STUDENT LOANS Health Professions Student Loans § 57.211 Cancellation of health professions students loans for disability or death. (a) Permanent and total disability. The Secretary will cancel a...

  15. Beyond Financial Need: Predictors of Student Loans and Student Loan Attitudes

    ERIC Educational Resources Information Center

    Norvilitis, Jill M.; Bat, Meghan J.

    2016-01-01

    Although public concern about student loan debt has been increasing, little research has examined predictors of debt beyond financial need or demographic factors. The present study explored the role of several psychological and attitudinal variables in student loan debt among 189 college students. Results indicate that loan initiative and loan…

  16. Straight Talk on Student Loans. PPI Policy Brief

    ERIC Educational Resources Information Center

    Shireman, Robert

    2004-01-01

    The federal government provides student loans for college and graduate school in two ways: by: (1) guaranteeing bank loans; and (2) by lending directly to students. Approximately three-quarters of federal student loans are guaranteed and one-quarter are direct. In the guaranteed loan program, a 40-year-old system, banks lend students money and…

  17. 42 CFR 57.311 - Cancellation of nursing student loans for disability or death.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Cancellation of nursing student loans for disability or death. 57.311 Section 57.311 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND..., SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.311 Cancellation of nursing student loans for...

  18. 42 CFR 57.308 - Nursing student loan promissory note.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Nursing student loan promissory note. 57.308... Nursing Student Loans § 57.308 Nursing student loan promissory note. (a) Promissory note form. Each nursing student loan must be evidenced by a properly executed promissory note in a form approved by the...

  19. 42 CFR 57.308 - Nursing student loan promissory note.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Nursing student loan promissory note. 57.308... Nursing Student Loans § 57.308 Nursing student loan promissory note. (a) Promissory note form. Each nursing student loan must be evidenced by a properly executed promissory note in a form approved by the...

  20. 42 CFR 57.308 - Nursing student loan promissory note.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Nursing student loan promissory note. 57.308... Nursing Student Loans § 57.308 Nursing student loan promissory note. (a) Promissory note form. Each nursing student loan must be evidenced by a properly executed promissory note in a form approved by the...

  1. 42 CFR 57.311 - Cancellation of nursing student loans for disability or death.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Cancellation of nursing student loans for disability or death. 57.311 Section 57.311 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND..., SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.311 Cancellation of nursing student loans for...

  2. 42 CFR 57.311 - Cancellation of nursing student loans for disability or death.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Cancellation of nursing student loans for disability or death. 57.311 Section 57.311 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND..., SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.311 Cancellation of nursing student loans for...

  3. 42 CFR 57.311 - Cancellation of nursing student loans for disability or death.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Cancellation of nursing student loans for disability or death. 57.311 Section 57.311 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND..., SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.311 Cancellation of nursing student loans for...

  4. 42 CFR 57.308 - Nursing student loan promissory note.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Nursing student loan promissory note. 57.308... Nursing Student Loans § 57.308 Nursing student loan promissory note. (a) Promissory note form. Each nursing student loan must be evidenced by a properly executed promissory note in a form approved by the...

  5. 42 CFR 57.311 - Cancellation of nursing student loans for disability or death.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Cancellation of nursing student loans for disability or death. 57.311 Section 57.311 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND..., SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.311 Cancellation of nursing student loans for...

  6. 42 CFR 57.308 - Nursing student loan promissory note.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Nursing student loan promissory note. 57.308... Nursing Student Loans § 57.308 Nursing student loan promissory note. (a) Promissory note form. Each nursing student loan must be evidenced by a properly executed promissory note in a form approved by the...

  7. Student Consolidation Loans: Potential Effects of Making Fiscal Year 2006 Consolidation Loans Exclusively through the Direct Loan Program. Report to the Ranking Minority Member, Committee on Education and the Workforce, House of Representatives. GAO-06-195

    ERIC Educational Resources Information Center

    Ashby, Cornelia M.

    2005-01-01

    Under the Federal Family Education Loan Program (FFELP) and the Federal Direct Loan Program (FDLP), the government guarantees and makes consolidation loans to help borrowers manage their student loan debt. By combining loans into one and extending repayment, monthly repayments are reduced. Unlike other student loans, consolidation loans carry a…

  8. Student Loans Driving You Crazy? A Borrower's Guide to Direct Consolidation Loans.

    ERIC Educational Resources Information Center

    Office of Federal Student Aid (ED), Washington, DC.

    This booklet describes the Direct Consolidation Loan program students can use to combine one or more student loans into a new loan. Things to consider before seeking a consolidation loan are outlined. Direct consolidation loans offer a number of advantages; they are free, result in one lender and one monthly payment, and offer flexible repayment…

  9. Federal Student Loan Programs

    ERIC Educational Resources Information Center

    Federal Student Aid, US Department of Education, 2014

    2014-01-01

    For those needing a loan to attend college, think federal aid first. Federal student loans usually offer borrowers lower interest rates and have more flexible repayment terms and options than private student loans. This brief report answers the following questions about federal aid: (1) What is a federal student loan?; (2) What is a private…

  10. A Trillion-Dollar Question: What Predicts Student Loan Delinquencies?

    ERIC Educational Resources Information Center

    Mezza, Alvaro; Sommer, Kamila

    2016-01-01

    The recent significant increase in student loan delinquencies has generated interest in understanding the key factors predicting the non-performance of these loans. However, despite the large size of the student loan market, existing analyses have been limited by lack of data. This paper studies predictors of student loan delinquencies using a…

  11. Public Service Loan Forgiveness. NASFAA Task Force Report

    ERIC Educational Resources Information Center

    National Association of Student Financial Aid Administrators, 2014

    2014-01-01

    The Public Service Loan Forgiveness (PSLF) program was established in 2007 to encourage student borrowers to work in the public sector. Qualifying borrowers may have their Direct Loans forgiven after 10 years of full-time service in an eligible job. Currently, qualifying employers include federal, state, or local government agencies and tax-exempt…

  12. Student debt amongst junior doctors in New Zealand; part 1: quantity, distribution, and psychosocial impact.

    PubMed

    Moore, James; Gale, Jesse; Dew, Kevin; Davie, Gabrielle

    2006-02-17

    To quantify student debt owed by first-year house officers at graduation, and to describe the effects of student debt on their lives. A questionnaire was sent was to all 296 New Zealand-graduate first-year house officers practicing in New Zealand. The survey included questions on demographics, level of debt, student support received, repayment since graduation, psychosocial and financial impact of debt, and career intentions. The response rate was 53%. Ninety-two percent of respondents had some form of student debt, with 85% having a government student loan. The average total debt from all sources (excluding mortgages) at graduation was NZ65,206 dollars. Seventy-five percent of respondents owed more than 50,000 dollars and 13% had owed more than 100,000 dollars. Eighty-eight percent of respondents reported increased levels of stress as a result of their student loan, with 31% reporting that they worried about their student loan 'often' or 'always'. Eighty-three percent reported that their student loan had made it more difficult to save for their future, such as for a house deposit or for their retirement, and 42% stated that their student loan debt had influenced their decision whether to have children (or more children). Student debt has a major negative impact on the lives of house officers in New Zealand. These data provide a baseline for studying how changes in medical education affect junior doctors.

  13. Reforming Ontario's University Student Loans and Fee Structures. Discussion Series, Issue 1.

    ERIC Educational Resources Information Center

    West, Edwin G.

    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…

  14. 42 CFR 57.310 - Repayment and collection of nursing student loans.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Repayment and collection of nursing student loans... LOANS Nursing Student Loans § 57.310 Repayment and collection of nursing student loans. (a) Each nursing...-time course of study at a school leading to a baccalaureate degree in nursing or an equivalent degree...

  15. 42 CFR 57.310 - Repayment and collection of nursing student loans.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Repayment and collection of nursing student loans... LOANS Nursing Student Loans § 57.310 Repayment and collection of nursing student loans. (a) Each nursing...-time course of study at a school leading to a baccalaureate degree in nursing or an equivalent degree...

  16. 42 CFR 57.310 - Repayment and collection of nursing student loans.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Repayment and collection of nursing student loans... LOANS Nursing Student Loans § 57.310 Repayment and collection of nursing student loans. (a) Each nursing...-time course of study at a school leading to a baccalaureate degree in nursing or an equivalent degree...

  17. 42 CFR 57.310 - Repayment and collection of nursing student loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Repayment and collection of nursing student loans... LOANS Nursing Student Loans § 57.310 Repayment and collection of nursing student loans. (a) Each nursing...-time course of study at a school leading to a baccalaureate degree in nursing or an equivalent degree...

  18. 42 CFR 57.310 - Repayment and collection of nursing student loans.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Repayment and collection of nursing student loans... LOANS Nursing Student Loans § 57.310 Repayment and collection of nursing student loans. (a) Each nursing...-time course of study at a school leading to a baccalaureate degree in nursing or an equivalent degree...

  19. Straight Talk on Student Loans. Research & Occasional Paper Series: CSHE.10.04

    ERIC Educational Resources Information Center

    Shireman, Robert

    2004-01-01

    The federal government provides student loans for college and graduate school in two ways: by guaranteeing bank loans, and by lending directly to students. In the guaranteed loan program, banks lend students money and profit from the interest payments while the government guarantees the loans against default and makes subsidy payments to the…

  20. Factors That Affect Willingness to Borrow Student Loans among Community College Students

    ERIC Educational Resources Information Center

    Menges, Kathleen K.; Leonhard, Christoph

    2016-01-01

    Research suggests that student loan borrowing has increased at the community college level. This trend is worrisome to many, as research is inconclusive regarding whether loans are positively correlated with achieving a college degree. Many also contend that choosing not to borrow a student loan due to loan aversion can negatively impact a…

  1. Cumulative Student Loan Debt in Minnesota, 2015

    ERIC Educational Resources Information Center

    Williams-Wyche, Shaun

    2016-01-01

    To better understand student debt in Minnesota, the Minnesota Office of Higher Education (the Office) gathers information on cumulative student loan debt from Minnesota degree-granting institutions. These data detail the number of students with loans by institution, the cumulative student loan debt incurred at that institution, and the percentage…

  2. 78 FR 70602 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-26

    ... receivables, student loans, auto loans, etc.).\\7\\ Also, in FINRA Rule 6710, FINRA proposes to add three new... financial asset, such as a consumer or student loan, a lease, or a secured or unsecured receivable, but...; automobile loans and leases; student loans; home equity loans and home equity lines of credit; aircraft...

  3. 76 FR 55057 - Privacy Act of 1974; System of Records

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-06

    ... Records. System location: U.S. Army Human Resources Command, Education Incentives Branch, 1600 Spearhead... Social Security Number (SSN); Military Occupational Specialty (MOS). Student Loan: Qualifying student loan name, amount of loan, date of loan transaction, student education loan number assigned by the...

  4. 42 CFR 57.307 - Maximum amount of nursing student loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Maximum amount of nursing student loans. 57.307... Nursing Student Loans § 57.307 Maximum amount of nursing student loans. The total of the nursing student... longer than the 9-month academic year may be proportionately increased. The total of all nursing student...

  5. 42 CFR 57.307 - Maximum amount of nursing student loans.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Maximum amount of nursing student loans. 57.307... Nursing Student Loans § 57.307 Maximum amount of nursing student loans. The total of the nursing student... longer than the 9-month academic year may be proportionately increased. The total of all nursing student...

  6. 42 CFR 57.307 - Maximum amount of nursing student loans.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... 42 Public Health 1 2013-10-01 2013-10-01 false Maximum amount of nursing student loans. 57.307... Nursing Student Loans § 57.307 Maximum amount of nursing student loans. The total of the nursing student... longer than the 9-month academic year may be proportionately increased. The total of all nursing student...

  7. 42 CFR 57.307 - Maximum amount of nursing student loans.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Maximum amount of nursing student loans. 57.307... Nursing Student Loans § 57.307 Maximum amount of nursing student loans. The total of the nursing student... longer than the 9-month academic year may be proportionately increased. The total of all nursing student...

  8. 42 CFR 57.307 - Maximum amount of nursing student loans.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Maximum amount of nursing student loans. 57.307... Nursing Student Loans § 57.307 Maximum amount of nursing student loans. The total of the nursing student... longer than the 9-month academic year may be proportionately increased. The total of all nursing student...

  9. Effective Counseling, Empowered Borrowers: An Evidence-Based Policy Agenda for Informed Student Loan Borrowing and Repayment. Research Report

    ERIC Educational Resources Information Center

    Fernandez, Chris

    2016-01-01

    To manage their loans effectively, U.S. postsecondary student loan borrowers must make a variety of important decisions that require significant knowledge and financial skills and entail considerable risk. Federal law requires colleges to provide student loan counseling to their federal student loan borrowers, but there is significant room for…

  10. 12 CFR 701.23 - Purchase, sale, and pledge of eligible obligations.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... group of loans. (2) Student loan means a loan granted to finance the borrower's attendance at an... a liquidating credit union's individual members, from the liquidating credit union; (iii) Student loans, from any source, if the purchaser is granting student loans on an ongoing basis and if the...

  11. Relationship between Student Loan Borrowing of Money and Degree Completion for Students at Two-Year Colleges

    ERIC Educational Resources Information Center

    Easttorp, Karl

    2017-01-01

    The cost of a college education continues to trend upward and state funding for higher education has trended downward, shifting more of the financial burden to students through student loans. About half of all 2010-2011 financial aid originated from student loans, and total federal student loan borrowing rose 319% between 1990 and 2010.…

  12. Deeper in Debt: Women and Student Loans. Executive Summary and Recommendations

    ERIC Educational Resources Information Center

    Miller, Kevin

    2017-01-01

    This document provides a summary of and recommendations from the larger report, "Deeper in Debt: Women and Student Loans" (ED580345). Over the course of the past few decades student loans have become an increasingly common means of paying for a college education. Most students who complete a college program now take on student loans, and…

  13. The Influence of Students' Loans Borrowers' Characteristics on Default Rate in Tanzania

    ERIC Educational Resources Information Center

    Nyahende, Veronica R.

    2013-01-01

    The cost of students' loans defaulting has lead to a serious discussion among participants. Substantial attention has been made on the students' loans and its impact on higher education finances while researches on students' loans defaults have not been taken for more than a decade. Therefore this study examines the influence of student loans…

  14. 42 CFR 57.205 - Health professions student loan funds.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Health professions student loan funds. 57.205 Section 57.205 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS... Health Professions Student Loans § 57.205 Health professions student loan funds. (a) Funds established...

  15. 76 FR 71984 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-21

    ... Act of 1995. Proposed Project: Health Professions Student Loan (HPSL) Program and Nursing Student Loan... regulations for the Health Professions Student Loan (HPSL) Program and Nursing Student Loan (NSL) Program... use improved information technology to manage the information required by the regulations. The...

  16. Assessing the Feasibility of Creating a SELF Loan Refinancing Program

    ERIC Educational Resources Information Center

    Kosir, Marilyn; Danette, Jerry; Li, Peter; Sanford, Thomas

    2015-01-01

    Since the Student Education Loan Fund (SELF) Loan program's inception in 1984, over 250,000 students have received more than $2 billion in SELF Loans to pursue their postsecondary education (Minnesota Office of Higher Education, 2014a). The SELF Loan program provides undergraduate and graduate students with long-term, low-interest educational…

  17. 12 CFR 701.23 - Purchase, sale, and pledge of eligible obligations.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... purposes of this section: (1) Eligible obligation means a loan or group of loans. (2) Student loan means a... individual members, from the liquidating credit union; (iii) Student loans, from any source, if the purchaser is granting student loans on an ongoing basis and if the purchase will facilitate the purchasing...

  18. The Role of Student Loans in College Access. Research Report.

    ERIC Educational Resources Information Center

    Baum, Sandy

    This paper discusses the role of student loans in college access. Borrowing to pay for education is a sound decision for most students, and student loans are a vital part of college financing policy. There has been a considerable increase in student borrowing, and much of this results from the introduction of the Stafford Loan in 1993. Borrowing…

  19. Racial and Ethnic Variation in the Relationship Between Student Loan Debt and the Transition to First Birth.

    PubMed

    Min, Stella; Taylor, Miles G

    2018-02-01

    The present study employs discrete-time hazard regression models to investigate the relationship between student loan debt and the probability of transitioning to either marital or nonmarital first childbirth using the 1997 National Longitudinal Survey of Youth (NLSY97). Accounting for nonrandom selection into student loans using propensity scores, our study reveals that the effect of student loan debt on the transition to motherhood differs among white, black, and Hispanic women. Hispanic women holding student loans experience significant declines in the probability of transitioning to both marital and nonmarital motherhood, whereas black women with student loans are significantly more likely to transition to any first childbirth. Indebted white women experience only a decrease in the probability of a marital first birth. The results from this study suggest that student loans will likely play a key role in shaping future demographic patterns and behaviors.

  20. Student Loan Programs. As Federal Costs of Loan Consolidation Rise, Other Options Should be Examined. Report to Congressional Requesters.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC.

    In this report GAO recommends that the Secretary of Education assess the advantages of consolidation loans for borrowers and the government in light of program costs and identify options for reducing federal costs. Options could include targeting the program to borrowers at risk of default and extending existing consolidation alternatives to more…

  1. Student Loan Default Rates in Minnesota, 2007

    ERIC Educational Resources Information Center

    Grimes, Tricia

    2010-01-01

    While Minnesota undergraduates are more likely to take out student loans, they are substantially less likely than their peers nationally to default on federal student loans. Fifty-four percent of Minnesota undergraduates took out student loans in 2007-2008, compared to 39 percent of undergraduates across the U.S. Minnesota undergraduates were also…

  2. 77 FR 29988 - Notice of Submission for OMB Review; Federal Student Aid; William D. Ford Federal Direct Loan...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-21

    ... benefits under the Department of Defense's Student Loan Repayment Program, or having a federal education... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; William D. Ford... her William D. Ford Federal Direct Loan (Direct Loan) or Federal Family Education Loan (FFEL) Program...

  3. 42 CFR 57.312 - Repayment of loans for service in a shortage area.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.312 Repayment of loans for service in a shortage area. (a) Service in a... in section 846(a)(1) of the Act; (2) Has obtained one or more nursing student loans or any other...

  4. Can Self-Control Explain Avoiding Free Money? Evidence from Interest-Free Student Loans.

    PubMed

    Cadena, Brian C; Keys, Benjamin J

    2013-10-01

    This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate students' take-up decisions and identify a group of students for whom the loans create an especially tempting liquidity increase. Students who would receive the loan in cash are significantly more likely to turn it down, suggesting that consumers choose to limit their liquidity in economically meaningful situations.

  5. Influence of income, hours worked, and loan repayment on medical students' decision to pursue a primary care career.

    PubMed

    Rosenthal, M P; Diamond, J J; Rabinowitz, H K; Bauer, L C; Jones, R L; Kearl, G W; Kelly, R B; Sheets, K J; Jaffe, A; Jonas, A P

    To assess the specialty plans of current fourth-year medical students and, for those not choosing primary care specialties, to investigate the potential effect that changes in key economic or lifestyle factors could have in attracting such students to primary care. A survey study was sent to 901 fourth-year medical students in the 1993 graduating classes of six US medical schools. Comparisons were made between students choosing and not choosing primary care specialties. For the non-primary care students, we also evaluated whether alteration of income, hours worked, or loan repayment could attract them to primary care careers. Of the 688 responses (76% response rate), primary care specialties were chosen by 27% of the students and non-primary care specialties by 73%. One quarter (25%) of the non-primary care students indicated they would change to primary care for one of the following factors: income (10%), hours worked (11%), or loan repayment (4%). For students whose debt was $50,000 or greater, the loan repayment option became much more important than for students with lesser debt. In all, a total of 45% (n = 313) of the students indicated either they were planning to enter primary care (n = 188) or they would change to a primary care specialty (n = 125) with appropriate adjustments in income, hours worked, or loan repayment. Significant changes in economic and lifestyle factors could have a direct effect on the ability to attract students to primary care. Including such changes as part of health system reform, especially within the context of a supportive medical school environment, could enable the United States to approach a goal of graduating 50% generalist physicians.

  6. Options to Change Interest Rates and Other Terms on Student Loans

    ERIC Educational Resources Information Center

    Congressional Budget Office, 2013

    2013-01-01

    The Federal Direct Student Loan Program offers loans to students and their parents to help pay for postsecondary education. Under current law, about $1.4 trillion in new direct loans will be made to students between 2013 and 2023, the Congressional Budget Office (CBO) projects. Analysts and policymakers have raised concerns about various features…

  7. Do Lower Lender Subsidies Reduce Guaranteed Student Loan Supply?

    ERIC Educational Resources Information Center

    Austin, D. Andrew

    2010-01-01

    The article analyzes effects of borrower interest rates and student lender subsidies on federally guaranteed student loan volumes from 1988 to 1994 and from 1996 to 2006. Some have argued that lender subsidy cuts would reduce loan supply or cause lenders to exit the student loan market. If lenders get economic rents due to overly generous…

  8. The Success of Students' Loans in Financing Higher Education in Tanzania

    ERIC Educational Resources Information Center

    Nyahende, Veronica R.

    2013-01-01

    Students' loans in financing higher education in Tanzania have been subjected to many researches. However, less information is available on how the success of students' loans in financing higher education can be revealed. Therefore the purpose of this study is to examine the factors indicating the success of students' loans in financing higher…

  9. An Initial Econometric Consideration of Supply and Demand in the Guaranteed Student Loan Program.

    ERIC Educational Resources Information Center

    Bayus, Barry; Kendis, Kurt

    1982-01-01

    In this econometric model of the Guaranteed Student Loan Program (GSLP), supply is related to banks' liquidity and yield curves, all lenders' economic costs and returns, and Student Loan Marketing Association activity. GSLP demand is based on loan costs, family debt position, and net student need for financial aid. (RW)

  10. 75 FR 36426 - Legislative Changes to Nursing Student Loan Program Authorized Under Title VIII of the Public...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-25

    ... Changes to Nursing Student Loan Program Authorized Under Title VIII of the Public Health Service Act....) 111-148. Section 5202 of the ACA changes the Nursing Student Loan (NSL) program by: (1) Increasing the.... SUPPLEMENTARY INFORMATION: The Nursing Student Loan (NSL) program was authorized by the Nurse Training Act of...

  11. Big Loans, Bigger Problems: A Report on the Sticker Shock of Student Loans.

    ERIC Educational Resources Information Center

    King, Tracey; Frishberg, Ivan

    Students frequently experience "sticker shock" when at graduation they find their college debt is much larger than they planned or expected. If they do not understand loan repayment and loan costs, they may borrow more than they can afford and experience difficulty in paying their loans. This study explored debt from the students' perspective to…

  12. 42 CFR 57.301 - Applicability.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.301... to public or other nonprofit schools of nursing for the establishment of nursing student loan funds...

  13. Affordable at Last: A New Student Loan System. Education Sector Reports

    ERIC Educational Resources Information Center

    Dillon, Erin

    2011-01-01

    Student loan debt is fast becoming a fact of American life. Students are borrowing more money for college and are being forced to pay back large sums of their income. This report offers a new way to pay back student loans based on each individual's earnings. International Income-Contingent Loan Systems are appended. (Contains 1 figure and 40…

  14. Above and Beyond: What Eight Colleges Are Doing to Improve Student Loan Counseling. Research Report

    ERIC Educational Resources Information Center

    Fletcher, Carla; Webster, Jeff; Klepfer, Kasey; Fernandez, Chris

    2015-01-01

    Borrowing student loans can be confusing and intimidating, enough so that these feelings can influence how students go to college or whether they even enroll at all. Colleges have a responsibility to provide loan counseling to federal student loan borrowers--which, when done intently, can produce a potentially clarifying and empowering experience.…

  15. Two Studies Assessing the Effectiveness of Early Intervention on the Default Behavior of Student Loan Borrowers

    ERIC Educational Resources Information Center

    Seifert, Charles F.; Wordern, Lorenz

    2004-01-01

    The cost of student loan defaults is a growing problem. At the beginning of this century, defaulted student loans exceed $25 billion (Student Aid News, 2001). In addition to the costs borne by the taxpayer as the federal government purchases defaulted accounts, there are costs incurred by schools, lenders, loan servicers, and guaranty agencies for…

  16. Take One Small Step: Traveling the Path to Default Reduction.

    ERIC Educational Resources Information Center

    O'Neal, Sharon; Kent, Connie

    2002-01-01

    Reviews tips from financial aid programs aimed at reducing default on student loans. Tips include: know your students, target your efforts, help students stay in school, give students appropriate information during "learning moments," and make information easy to get and understand. Includes lists of other resources. (EV)

  17. Can Self-Control Explain Avoiding Free Money? Evidence from Interest-Free Student Loans*

    PubMed Central

    Cadena, Brian C.; Keys, Benjamin J.

    2014-01-01

    This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate students’ take-up decisions and identify a group of students for whom the loans create an especially tempting liquidity increase. Students who would receive the loan in cash are significantly more likely to turn it down, suggesting that consumers choose to limit their liquidity in economically meaningful situations. PMID:24839312

  18. 42 CFR 60.7 - The loan application process.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... ASSISTANCE LOAN PROGRAM The Borrower § 60.7 The loan application process. (a)(1)(i) A student seeking a HEAL... accurately. (2) The student applicant must be informed of the Federal debt collection policies and procedures... student receiving the loan. The applicant must sign a certification statement attesting that the applicant...

  19. 42 CFR 60.7 - The loan application process.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... ASSISTANCE LOAN PROGRAM The Borrower § 60.7 The loan application process. (a)(1)(i) A student seeking a HEAL... accurately. (2) The student applicant must be informed of the Federal debt collection policies and procedures... student receiving the loan. The applicant must sign a certification statement attesting that the applicant...

  20. 42 CFR 60.7 - The loan application process.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... ASSISTANCE LOAN PROGRAM The Borrower § 60.7 The loan application process. (a)(1)(i) A student seeking a HEAL... accurately. (2) The student applicant must be informed of the Federal debt collection policies and procedures... student receiving the loan. The applicant must sign a certification statement attesting that the applicant...

  1. 42 CFR 60.7 - The loan application process.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... ASSISTANCE LOAN PROGRAM The Borrower § 60.7 The loan application process. (a)(1)(i) A student seeking a HEAL... accurately. (2) The student applicant must be informed of the Federal debt collection policies and procedures... student receiving the loan. The applicant must sign a certification statement attesting that the applicant...

  2. 42 CFR 60.7 - The loan application process.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... ASSISTANCE LOAN PROGRAM The Borrower § 60.7 The loan application process. (a)(1)(i) A student seeking a HEAL... accurately. (2) The student applicant must be informed of the Federal debt collection policies and procedures... student receiving the loan. The applicant must sign a certification statement attesting that the applicant...

  3. No debt for medical students in Greece.

    PubMed

    Koussidis, George A; Avgerinos, Efthimios; Bellos, Stefanos; Gourgoulianis, Konstantinos

    2002-07-01

    Medical education in Greece is government-funded by constitution. Tuition fees are therefore not payable by students. This investigation aims to identify the sources of income of medical students in Greece. This is a questionnaire-based analysis of a sample of 488 students who were asked to state their sources of income. Mean contributions to total student income are parental financial support (93.2%), part-time employment (2.4%), scholarships (2.5%) and other sources including loans (1.9%). The income of medical students in Greece is mostly dependent on parental contributions. Other sources do not represent popular options. This situation differs to that in other countries, where loans make significant contributions to the total income of medical students.

  4. Student Loan Programs: Lower Interest Rates and Higher Loan Volume Have Increased Federal Consolidation Loan Costs. Testimony before the Committee on Education and the Workforce, House of Representatives. GAO-04-568T

    ERIC Educational Resources Information Center

    US General Accounting Office, 2004

    2004-01-01

    This statement focuses on issues related to consolidation loans and their cost implications for taxpayers and borrowers. Consolidation loans, available under the Department of Education?s (Education's) two major student loan programs?the Federal Family Education Loan Program (FFELP) and the William D. Ford Direct Loan Program (FDLP)?help borrowers…

  5. Do You Know What You Owe? Students' Understanding of Their Student Loans

    ERIC Educational Resources Information Center

    Andruska, Emily A.; Hogarth, Jeanne M.; Fletcher, Cynthia Needles; Forbes, Gregory R.; Wohlgemuth, Darin R.

    2014-01-01

    Using a data set that augments a student survey with administrative data from the Iowa State University Office of Financial Aid, the authors posed two questions: Do students know whether they have student loans? Do students know how much they owe on outstanding student loans? We used logistic and ordered logit regressions to answer these…

  6. 5 CFR 537.103 - Agency student loan repayment plans.

    Code of Federal Regulations, 2010 CFR

    2010-01-01

    ... recruitment, relocation, and retention incentives); (b) The situations in which the student loan repayment... employees (or job candidates) to receive student loan repayment benefits that ensures fair and equitable...

  7. State Guarantee Agencies and Capital Avaialability for Student Loans. Papers in Education Finance. Paper No. 22.

    ERIC Educational Resources Information Center

    Hyde, William D., Jr.

    The relationship between capital available for student loans and the types of programs through which loans are made to students is examined in this paper on educational finance. Cost of attendance, amount of grant aid, and ability to pay are investigated as factors that affect the amount of loans a student needs to finance a college education.…

  8. Development and Validation of Discriminant Analysis Models for Student Loan Defaultees and Non-Defaultees.

    ERIC Educational Resources Information Center

    Myers, Greeley; Siera, Steven

    1980-01-01

    Default on guaranteed student loans has been increasing. The use of discriminant analysis as a technique to identify "good" v "bad" student loans based on information available from the loan application is discussed. Research to test the ability of models to such predictions is reported. (Author/MLW)

  9. Student Loans Repayment in China: Designing a New Model to Ease the Repayment Burden

    ERIC Educational Resources Information Center

    Shen, Hua; Shen, Hong; Ziderman, Adrian

    2009-01-01

    The relatively short repayment periods of four or six years after graduation under the Government-Subsidized Student Loan (GSSL), the main student loans programme in China, has, since its implementation in 1999, imposed considerable hardship in repaying loans. This paper presents a new diversified repayment model, the "geometric proportion…

  10. Subsidy Estimates for Guaranteed and Direct Student Loans. A CBO Paper

    ERIC Educational Resources Information Center

    Humphrey, Justin

    2005-01-01

    The federal government assists students and their parents in meeting the costs of postsecondary education through two student loan programs, the Federal Family Education Loan Program and the William D. Ford Direct Loan Program. Although the two programs provide similar benefits to borrowers, their structures and operations differ greatly. As a…

  11. Income-Contingent Student Loan Repayment Systems Outside the U.S.

    ERIC Educational Resources Information Center

    National Association of Student Financial Aid Administrators, 2014

    2014-01-01

    There is remarkable diversity in student loan systems throughout the world. In considering the ideal approach to system of loan repayment based on income here in the United States, it is valuable to examine the nature, successes, and failures of some other countries' methods of offering borrowers income-contingent student loan repayment. Two…

  12. Why Students Can Still Get Loans

    ERIC Educational Resources Information Center

    Smith, Skee

    1978-01-01

    The Student Loan Marketing Association (Sallie Mae) is a private profit-making corporation chartered by Congress in 1972 to create a secondary market for Guaranteed Student Loans (a program established by Title IV-B of the 1965 Higher Education Act). Sallie Mae's job is to help lending institutions thaw frozen cash and make more loans. (BM)

  13. Factors influencing students' borrowing that may affect their specialty choices and other after-graduation behaviors.

    PubMed

    Cooter, R; Bross, T M; Erdmann, J B

    1998-01-01

    To assess the factors that influence medical students' borrowing and how these factors may affect access to the profession, specialty choice, and medical graduates' repayment behaviors. The borrowing patterns of the 3,495 indebted students enrolled at Jefferson Medical College of Thomas Jefferson University between 1989-90 and 1994-95 were analyzed. (Debt included both subsidized and unsubsidized debt.) These borrowing patterns were assessed in relation to changes in the cost of education, family (i.e., parents') income, availability of grant funding, legislative changes to loan-eligibility criteria (specifically, the Higher Education Amendments of 1992), and average interest rates on federal unsubsidized loans. The annual changes in average debt levels suggest that while cost of education, family resources, and availability of grant funding may be significant factors, changes in loan eligibility and prevailing interest rates on unsubsidized loan source also influence medical students' borrowing. A comparison of the borrowing patterns for three income groups (low, middle, high) further demonstrated that while overall fluctuations for low-income group mirrored changes in the cost and resource variables, annual borrowing fluctuations for the middle- and high-income groups were more reflective of the expansion of loan eligibility and reduced interest rates on unsubsidized loans. From 1989-90 to 1994-95 the average cost of education increased by $2,368. Average unsubsidized debt increased by $1,544 for the low-income group, $3,960 for the middle-income group, and $4,439 for the high-income group. The percentage of unsubsidized funding included in the borrowers' financing packages increased by just under 6% for the low-income group but almost 10% and 11% for the middle- and high-income groups, respectively. The results suggest that medical students borrow for a variety of reasons, ranging from financial need to personal financing or lifestyle choices. These reasons should be considered in relation to institutional and governmental financial aid policies and future research on the relationship between debt and speciality choice.

  14. Guaranty Agency Questionnaire.

    ERIC Educational Resources Information Center

    Leifman, Steven

    The extent to which guaranty agencies, lenders, and state secondary markets impose restrictions on Guaranteed Student Loan (GSL) borrowing that go beyond federal regulations was assessed through a survey of 53 guaranty agencies. Seventeen of the agencies imposed restrictions on GSLs that go beyond federal regulations, including not loaning to…

  15. Discriminant Analysis of Student Loan Applications

    ERIC Educational Resources Information Center

    Dyl, Edward A.; McGann, Anthony F.

    1977-01-01

    The use of discriminant analysis in identifying potentially "good" versus potentially "bad" student loans is explained. The technique is applied to a sample of 200 student loan applications at the University of Wyoming. (LBH)

  16. High Risks and Emerging Fraud: IRS, Student Loans, and HUD. Hearing before the Committee on Governmental Affairs. United States Senate, One Hundred Third Congress, Second Session (July 19, 1994).

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. Senate.

    These hearing transcripts present testimony on the high risks and emerging fraud in several areas of the federal government, including the Student Loan Program of the Education Department (ED), the Multifamily Housing Program of the Department of Housing and Urban Development (HUD), and Internal Revenue Service (IRS) tax return filing. Testimony…

  17. Oversight Hearing on Student Loan Marketing Associations. Hearing before the Subcommittee on Postsecondary Education of the Committee on Education and Labor. House of Representatives, Ninety-Eighth Congress, First Session.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. House Committee on Education and Labor.

    Oversight hearings on the Student Loan Marketing Association (Sallie Mae) are presented. Sallie Mae was established by the Education Amendments of 1972 to provide liquidity for Guaranteed Student Loan (GSL) lenders by purchasing GSL portfolios from lenders or making loans on GSL loans held by lenders. In 1982, Sallie Mae had total cumulative…

  18. 76 FR 52271 - Institutions and Lender Requirements Relating to Education Loans, Student Assistance General...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-22

    ... DEPARTMENT OF EDUCATION 34 CFR Part 668 [Docket ID ED-2009-OPE-0003] RIN 1840-AC95 Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan...

  19. 34 CFR 674.12 - Loan maximums.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ..., DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM General Provisions § 674.12 Loan maximums. (a) The maximum annual amount of Federal Perkins Loans and NDSLs an eligible student may borrow is— (1) $5,500 for... professional student. (b) The aggregate unpaid principal amount of all Federal Perkins Loans and NDSLs received...

  20. Advantages and Disadvantages of Student Loans Repayment Patterns

    ERIC Educational Resources Information Center

    Shen, Hua

    2010-01-01

    It is a difficulty problem to choice repayment patterns of student loan. "Conventional mortgage-type loan" and "Income contingent loan" has been performed in many countries. These loan repayment manners have their own characteristics. In this paper, we discuss their advantages and disadvantages, and would provide policy choice…

  1. 77 FR 47374 - Notice of Proposed Information Collection Requests; Federal Student Aid; William D. Ford Federal...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ... which borrowers in the William D. Ford Federal Direct Loan (Direct Loan) and Federal Family Education... DEPARTMENT OF EDUCATION Notice of Proposed Information Collection Requests; Federal Student Aid; William D. Ford Federal Direct Loan (Direct Loan) Program/ Federal Family Loan (FFEL) Program: Deferment...

  2. The Challenge of Financing Higher Education and the Role of Student Loans Scheme: An Analysis of the Student Loan Trust Fund (SLTF) in Ghana

    ERIC Educational Resources Information Center

    Atuahene, Francis

    2008-01-01

    Student loans program is one of the most controversial phenomena in financing higher education in Ghana, but its importance as a cost sharing mechanism is incontestable. This paper describes the challenge of financing higher education in Ghana. It provides a critique of the Social Security and National Insurance Trust (SSNIT) Student Loans Scheme,…

  3. Deeper in Debt: Women and Student Loans

    ERIC Educational Resources Information Center

    Miller, Kevin

    2017-01-01

    Over the course of the past few decades student loans have become an increasingly common means of paying for a college education. Most students who complete a college program now take on student loans, and the amount of student debt that students assume has increased along with the price of attending college. At this time about 44 million…

  4. Student Loans: Characteristics of Students and Default Rates at Historically Black Colleges and Universities. Report to Congressional Requesters.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Health, Education, and Human Services Div.

    This report to Congress analyzes student loan default rates at historically black colleges and universities (HBCUs), focusing on student characteristics which may predict the likelihood of default. The study examined available student databases for characteristics identified by previous studies as related to level of student loan defaults. Among…

  5. Income Contingent Student Loans for Thailand: Alternatives Compared

    ERIC Educational Resources Information Center

    Chapman, Bruce; Lounkaew, Kiatanantha

    2010-01-01

    There is significant irresolution in many countries concerning the design of student loan schemes. In no country recently has there been more uncertainty as to the form that loans should take than Thailand. The Student Loans Fund (SLF), a conventional approach to financing, was introduced in 1996, discontinued at the end of 2005, and re-introduced…

  6. Student Loans Repayment and Recovery: International Comparisons

    ERIC Educational Resources Information Center

    Shen, Hua; Ziderman, Adrian

    2009-01-01

    Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two issues in this paper, for 44 loans schemes in 39…

  7. Student Loan Defaults. Department of Education Limitations in Sanctioning Problem Schools. Report to the Ranking Minority Member, Subcommittee on Human Resources and Intergovernmental Relations, Committee on Government Reform and Oversight, House of Representatives.

    ERIC Educational Resources Information Center

    Blanchette, Cornelia M.

    This report examines the effectiveness of recent federal government efforts through amendments to the Higher Education Act (1993) to reduce student loan defaults. Key measures to curb defaults had been to make schools with high student loan default rates ineligible for federal student loan programs. However, many institutions have challenged…

  8. Fewer Resources, More Debt: Loan Debt Burdens Students at Historically Black Colleges and Universities

    ERIC Educational Resources Information Center

    Saunders, Katherine M.; Williams, Krystal L.; Smith, Cheryl L.

    2016-01-01

    Student loans have become an increasingly important way for students and their families to pay for college, but for students at historically black colleges and universities (HBCUs), student loan debt is a substantial burden. Students who attend these institutions--many of whom are low-income and first-generation--must borrow at higher rates and,…

  9. Student Loans: Problems and Policy Alternatives.

    ERIC Educational Resources Information Center

    Rice, Lois D., Ed.

    Problems and concerns faced by the Carter Administration and the Congress regarding federal student loans are reviewed in this book. In individually authored chapters, focus is on student default, abuse, availability of capital, student access to loans, and possible new roles for states, institutions, and the federal government. A historical…

  10. Vulnerabilities in the Stafford Student Loan Program.

    ERIC Educational Resources Information Center

    Thompson, Lawrence H.

    This testimony before the House Subcommittee on Postsecondary Education addresses the need for improving student financial aid programs administered by the Department of Education, and in particular, the Stafford Student Loan Programs. The testimony begins with a brief review of the default problems involving student loans. Next, an examination is…

  11. CBA Student Loan Survey Summary, 1986.

    ERIC Educational Resources Information Center

    Consumer Bankers Association, Arlington, TX.

    A survey on the Guaranteed Student Loan Program (GSL) was conducted in 1986 by the Consumer Bankers Association (CBA). Responses by 103 member institutions provided information on student loan operations, the student lending climate, and proposed amendments to the GSL program. Institutions were divided into four asset categories. The larger…

  12. Student Loan Financing.

    ERIC Educational Resources Information Center

    Ginsberg, Edward; Ginsberg, Susan

    1989-01-01

    The Guaranteed Student Loan program is big business and risky for everyone except the lending institutions. Students who default on their loans now risk tougher penalties, and the federal government must foot the bill when students don't repay. The default problem varies by state and lending institution. Some California figures are provided. (MLH)

  13. 78 FR 53431 - Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-29

    ... Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal Direct Loan... Operating Officer for Federal Student Aid announces the interest rates for the period July 1, 2013, through...(b)), provides formulas for determining the interest rates charged to borrowers for loans made under...

  14. Federal Student Loan Amounts and Terms for Loans Issued in 2016-17

    ERIC Educational Resources Information Center

    Project on Student Debt, 2016

    2016-01-01

    U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. The chart presented in this report summarizes the interest…

  15. 78 FR 53433 - Annual Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-29

    ... Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education Loan Program... Federal Student Aid announces the interest rates for the period July 1, 2013, through June 30, 2014, for..., 2010. The Chief Operating Officer takes this action to give notice of FFEL Program loan interest rates...

  16. Student Loans as a Means of Financing Higher Education: Lessons from International Experience. World Bank Staff Working Papers Number 599.

    ERIC Educational Resources Information Center

    Woodhall, Maureen

    International experience with student loans as a means of financing higher education is examined, with particular reference to developing countries. After summarizing the main purposes and kinds of student loan programs and practices in developed countries, advantages and disadvantages of loans as a means of financing higher education are…

  17. Why Student Loans Are Different: Findings from Six Focus Groups of Student Loan Borrowers

    ERIC Educational Resources Information Center

    Delisle, Jason; Holt, Alexander

    2015-01-01

    For all the attention student loans have received in the media and from policymakers in recent years, there is still remarkably little information on why and how borrowers struggle to repay them. Rising college prices and debt levels explain some of the troubles borrowers have with their loans, as does a slow economic recovery that has caused…

  18. The Guaranteed Student Loan Program. Access to Loans in Michigan 1971-72 to 1974-75. Michigan Business Reports Number 63.

    ERIC Educational Resources Information Center

    Cross, Cynthia Sahagian

    A study of loan availability in Michigan through the federal Guaranteed Student Loan Program outlines the evolution of federal lending programs for college students and describes program characteristics, funds, costs, defaults, and funding systems. The situation for borrowers and lenders in the state and its regions is examined, including…

  19. Digging Deeper: Making Sense of Student Loan Debt in Texas. Research Report

    ERIC Educational Resources Information Center

    TG (Texas Guaranteed Student Loan Corporation), 2012

    2012-01-01

    Student loans are likely to remain a prominent instrument for paying for college in Texas, a necessary financial tool for low- and moderate-income students. As college costs rise and growing enrollments further stretch grant funds, the policy challenge is to assist students in determining the appropriate level of student loans for their individual…

  20. Persistence Rates in Texas Colleges: Comparing College Access and Texas B-on-Time Loans

    ERIC Educational Resources Information Center

    Walker, Kimberly DeVette

    2012-01-01

    Student persistence in college education is a concern of policy makers and higher education administrators (College Board, 2010). Funding such as private student loans can contribute to financing a student's college degree. Many students are unable to attend college without borrowing private student loans. The purpose of this quantitative ex post…

  1. Student Loans: Are We Getting Our Money's Worth?

    ERIC Educational Resources Information Center

    Elliott, William

    2014-01-01

    Given the increasing expectation that students should bear most of the college-cost burden, loans have been the largest form of financial aid since 1982, a shift that has been particularly hard on needy students. Loan-aversion has contributed to the access problem for these students, while facilitating more privileged students' ability to…

  2. Creating a Campus Sustainability Revolving Loan Fund: A Guide for Students

    ERIC Educational Resources Information Center

    Diebolt, Asa; Den Herder-Thomas, Timothy

    2007-01-01

    This publication describes innovative and powerful mechanisms for financing sustainability projects on campus including energy efficiency upgrades and renewable energy installations. The guide provides step-by-step guidance for establishing revolving loan funds for campus sustainability, based on the experiences of the authors in setting up such a…

  3. 42 CFR 60.61 - Responsibilities of a HEAL school.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... documentation of the exit interview, including the personal information collected for skiptracing activities... document an entrance interview with each student (individually or in groups) no later than prior to the... loan. The school must inform the loan recipient during the entrance interview of his or her rights and...

  4. 78 FR 59011 - Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-25

    ... DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the... Aid announces the interest rates for loans made under the William D. Ford Federal Direct Loan (Direct...(b)), provides formulas for determining the interest rates charged to borrowers for loans made under...

  5. Informed or Overwhelmed? A Legislative History of Student Loan Counseling with a Literature Review on the Efficacy of Loan Counseling. Research Report

    ERIC Educational Resources Information Center

    Klepfer, Kasey

    2015-01-01

    This report (the first in a series of five) explores congressional efforts to mitigate that risk and encourage informed borrowing by enacting statutes related to student loan counseling. After introducing the relevant contemporary policy context, it examines how federal rules governing student loan counseling evolved over time to embrace online…

  6. Guaranteed Student Loans: Eliminating Interest Rate Floors Could Generate Substantial Savings. Report to the Honorable George D. Mitchell, U.S. Senate.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    A study was done of how interest rate floors on certain guaranteed student loans affect the federal government's and students' costs when rates on short-term government securities decline. The study developed cost comparisons using fixed and variable loan interest rates. For comparison Department of Education projections of loan volumes for fiscal…

  7. Non-Borrowing Students' Perceptions of Student Loans and Strategies of Paying for College

    ERIC Educational Resources Information Center

    Xue, Mo; Chao, Xia

    2015-01-01

    With the notable shift from grants to loans over the past several decades, many researchers have argued the positive impact of financial aid on student college choice, enrollment, and persistence. However, literature indicates that students from economically disadvantaged backgrounds are less likely to take loans to finance postsecondary education…

  8. The Short-Term Emergency Loan: A Major Form of Assistance to Students.

    ERIC Educational Resources Information Center

    Bradshaw, Curtis C.

    1983-01-01

    Advantages of locally-funded, short-term, small, emergency student loans for both institutions and students are outlined, and its increasing importance as a form of aid is noted. A list of questions for financial aid administrators to consider before making such a loan to a student is provided. (MSE)

  9. Protecting Colleges and Students: Community College Strategies to Prevent Default

    ERIC Educational Resources Information Center

    McKibben, Bryce; La Rocque, Matthew; Cochrane, Debbie

    2014-01-01

    Student loan default, defined as federal loan borrowers' failure to make any payments for at least 270 days, is an issue of increasing importance to community colleges and their students. This report takes a unique look at student loan default at nine community colleges across the nation, and how those colleges are working to help students avoid…

  10. Private Student Loans. Report to the Senate Committee on Banking, Housing, and Urban Affairs, the Senate Committee on Health, Education, Labor, and Pensions, the House of Representatives Committee on Financial Services, and the House of Representatives Committee on Education and the Workforce

    ERIC Educational Resources Information Center

    Consumer Financial Protection Bureau, 2012

    2012-01-01

    American consumers owe more than $150 billion in outstanding private student loan debt. While this amount is significantly less than the amount outstanding on student loans guaranteed by the federal government, the private student loan ("PSL") product is an important component of higher education finance and does not appear to be well…

  11. Student Consolidation Loans: Further Analysis Could Lead to Enhanced Default Assumptions for Budgetary Cost Estimates. Report to the Chairman, Committee on the Budget, House of Representatives. GAO-04-843

    ERIC Educational Resources Information Center

    Ashby, Cornelia M.

    2004-01-01

    This study investigated: (1) differences between the Federal Family Education Loan Program (FFELP) and William D. Ford Federal Direct Loan Program (FDLP) consolidation loans and borrowers; (2) the extent to which borrowers with student loans under one program obtain consolidation loans under the other; and (3) how FFELP and FDLP borrower and loan…

  12. Sick of our loans: Student borrowing and the mental health of young adults in the United States.

    PubMed

    Walsemann, Katrina M; Gee, Gilbert C; Gentile, Danielle

    2015-01-01

    Student loans are increasingly important and commonplace, especially among recent cohorts of young adults in the United States. These loans facilitate the acquisition of human capital in the form of education, but may also lead to stress and worries related to repayment. This study investigated two questions: 1) what is the association between the cumulative amount of student loans borrowed over the course of schooling and psychological functioning when individuals are 25-31 years old; and 2) what is the association between annual student loan borrowing and psychological functioning among currently enrolled college students? We also examined whether these relationships varied by parental wealth, college enrollment history (e.g. 2-year versus 4-year college), and educational attainment (for cumulative student loans only). We analyzed data from the National Longitudinal Survey of Youth 1997 (NLSY97), a nationally representative sample of young adults in the United States. Analyses employed multivariate linear regression and within-person fixed-effects models. Student loans were associated with poorer psychological functioning, adjusting for covariates, in both the multivariate linear regression and the within-person fixed effects models. This association varied by level of parental wealth in the multivariate linear regression models only, and did not vary by college enrollment history or educational attainment. The present findings raise novel questions for further research regarding student loan debt and the possible spillover effects on other life circumstances, such as occupational trajectories and health inequities. The study of student loans is even more timely and significant given the ongoing rise in the costs of higher education. Copyright © 2014 Elsevier Ltd. All rights reserved.

  13. Student Loan Forbearance and Its Relationship to Default. Synopsis: Higher Education Research Highlights.

    ERIC Educational Resources Information Center

    Price, Derek V.

    As the number and volume of student loans increase nationally, lenders and policymakers look more closely at the use of loan forbearance. This paper examines whether forbearance really cuts the risk of loan default by reporting on a study of more than 9,800 Stafford loans in forbearance in December 1996. That research shows that the default rate…

  14. 42 CFR 57.312 - Repayment of loans for service in a shortage area.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... LOANS Nursing Student Loans § 57.312 Repayment of loans for service in a shortage area. (a) Service in a... in section 846(a)(1) of the Act; (2) Has obtained one or more nursing student loans or any other... the Secretary determines were necessary) of attending a school of nursing; and (3) Enters into an...

  15. 42 CFR 57.312 - Repayment of loans for service in a shortage area.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... LOANS Nursing Student Loans § 57.312 Repayment of loans for service in a shortage area. (a) Service in a... in section 846(a)(1) of the Act; (2) Has obtained one or more nursing student loans or any other... the Secretary determines were necessary) of attending a school of nursing; and (3) Enters into an...

  16. 42 CFR 57.312 - Repayment of loans for service in a shortage area.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... LOANS Nursing Student Loans § 57.312 Repayment of loans for service in a shortage area. (a) Service in a... in section 846(a)(1) of the Act; (2) Has obtained one or more nursing student loans or any other... the Secretary determines were necessary) of attending a school of nursing; and (3) Enters into an...

  17. 42 CFR 57.312 - Repayment of loans for service in a shortage area.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... LOANS Nursing Student Loans § 57.312 Repayment of loans for service in a shortage area. (a) Service in a... in section 846(a)(1) of the Act; (2) Has obtained one or more nursing student loans or any other... the Secretary determines were necessary) of attending a school of nursing; and (3) Enters into an...

  18. Exit Counseling Guide for Federal Student Loan Borrowers

    ERIC Educational Resources Information Center

    Federal Student Aid, US Department of Education, 2010

    2010-01-01

    Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and home mortgages. You cannot have these loans canceled because you didn't like the education you received, didn't get a job in your field of study or because you're having financial difficulty. Loans are legal obligations that…

  19. Quantitative Study Examining the Relationship between Demographic Factors and Loan Default among 4-Year College Students

    ERIC Educational Resources Information Center

    Cobb, Ashley K.

    2017-01-01

    The rate of default on college loans in the United States is staggering and poses a major financial threat not only to the students who are unable to repay their student loans but the U.S. economy. For instance, in 2011, borrowers at nonprofit and for-profit 4-year colleges accounted for almost 50% of all federal loan recipients. College students…

  20. Female medical students may accrue less student loan debt than their male colleagues in New Zealand.

    PubMed

    McHardy, Karina M; Janssen, Anna; Poole, Phillippa J

    2008-05-09

    To quantify the current level of actual student loan debt in New Zealand (NZ) medical students at the time of graduation, and to investigate how debt burden relates to gender and ethnicity. A questionnaire was distributed to all graduating students from The University of Auckland's School of Medicine in November 2006. This study looked specifically at debt attributable to a New Zealand Government Student Loan (NZGSL). The response rate was 88%. Eighty-seven percent of NZ residents in the survey had a NZGSL. Nearly three-quarters of all students (73%) reported a total NZGSL of over $45,000, with one-third reporting a total greater than $75,000. Overall, males appeared to have different borrowing behaviours than their female counterparts, as reflected in their higher loan totals. Females were also more likely to report that they had no student loan, despite comparable access to parental financial support, part-time work, and scholarships. The reported loan sizes of Maori and Pacific Island students did not differ significantly from those of other ethnicities. Only 11% of study respondents reported that the burden of a student loan had a significant impact on future career decisions. For the majority of Auckland medical graduates, student debt is significant and continues to be a burdensome issue. There appear to be differences in the borrowing behaviours of males and females in the medical school programme, while different ethnicities have similar debt burdens.

  1. What Determines the Amount Students Borrow? Revisiting the Crisis-Convenience Debate

    ERIC Educational Resources Information Center

    Hart, Natala K.; Mustafa, Shoumi

    2008-01-01

    Recent studies have questioned the wisdom in blaming college costs for the escalation of student loans. It would appear that less affluent students borrow large amounts because inexpensive subsidized loans are available. This study attempted to verify the claim, estimating a model of the amount of loan received by students as a function of net…

  2. Guaranteed Loans: Just Plain Expensive

    ERIC Educational Resources Information Center

    Petri, Thomas E.

    2007-01-01

    The investigation of New York State's attorney general, Andrew M. Cuomo, into the questionable practices of lenders in federal student-loan programs has helped raise public awareness of one of the greatest scams in our government: The Federal Family Education Loan program, otherwise known as the guaranteed-student-loan program, is unnecessarily…

  3. 75 FR 5604 - Privacy Act of 1974; Report of an Altered System of Records

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-02-03

    ... Claims in the Health Professions Student Loan Program and Nursing Student Loan Program, HHS/HRSA/BHPr... cancellation of health professions and nursing student loans due to disability. Section 722(d) of the Public... expanded to read ``returned to [[Page 5605

  4. Defaulted Student Loans. Guarantee Agencies' Collection Practices and Procedures. United States General Accounting Office Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    A review was conducted of methods used by the U.S. Department of Education and by state or private nonprofit loan guarantee agencies to protect the federal government's interest when collecting defaulted student loans under the Guaranteed Student Loan Program. Questionnaires were sent to 58 guarantee agencies that administer the program to…

  5. Staff Report on the Guaranteed Student Loan Program, Belmont Task Force Recommendations. Prepared for the Subcommittee on Postsecondary Education of the Committee on Education and Labor.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. House Committee on Education and Labor.

    Recommendations of the Belmont Task Force concerning the problem of student loan defaults are offered to the U.S. House of Representatives. The task force concludes that the purpose of the Guaranteed Student Loan (GSL) program has changed significantly in the last decade. While originally established as a loan of convenience for middle-income…

  6. Student-Loan Investigation Sweeps Up More Colleges

    ERIC Educational Resources Information Center

    Basken, Paul; Field, Kelly

    2007-01-01

    An expanding investigation into conflicts of interest in the student-loan industry continued to sweep up more lenders and college financial-aid administrators last week. The nation's largest student-loan provider, Sallie Mae, accepted a $2-million settlement with New York State's attorney general, Andrew M. Cuomo, and three more college officials…

  7. Cohort Default Rates: Predicting the Probability of Federal Sanctions

    ERIC Educational Resources Information Center

    Hillman, Nicholas W.

    2015-01-01

    This study examines the institutional factors associated with student loan default. When a college has more than 30% of its students default on their loans, then the institution faces federal sanctions that could make them ineligible from participating in the federal student loan program. Using Integrated Postsecondary Education Data System…

  8. Borrowing and Repaying Student Loans

    ERIC Educational Resources Information Center

    Hillman, Nicholas W.

    2015-01-01

    This essay synthesizes the most recent and rigorous research on student loan debt. It focuses on basic questions about who borrows, how much, and whether debt affects behaviors. Answers to these questions are necessary for informing federal student loan policymaking, yet the research findings are surprisingly mixed because of poor data quality,…

  9. Rethinking Student Loan Debt: Tools and Strategies for Debt Management.

    ERIC Educational Resources Information Center

    Mason, Susan G.

    2001-01-01

    Analyzes student loan debt at the University of Missouri-St. Louis School of Optometry, showing the need for a comprehensive debt management program. Presents a model for determining manageable amounts of student loan debt developed from conventional lending criteria and data on earnings for optometrists. (EV)

  10. 42 CFR 57.209 - Payment of health professions student loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Payment of health professions student loans. 57.209 Section 57.209 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS...

  11. Denying Loan Access: The Student-Level Consequences When Community Colleges Opt out of the Stafford Loan Program. A CAPSEE Working Paper

    ERIC Educational Resources Information Center

    Wiederspan, Mark

    2015-01-01

    The degree to which students are able to make adequate repayments on their student loans and avoid default is of special concern for colleges. If too many former students go into default, the college will face sanctions by the federal government and lose eligibility to provide currently enrolled students federal financial aid, such as the Pell…

  12. Employers Should Help Pay Student Loans for Their Workers

    ERIC Educational Resources Information Center

    Wrubel, Paul R.

    2008-01-01

    The troubled student-loan market is a hot topic among legislators, policy makers, and the public. Two recurring issues are how to ensure that enough funds are available to students and how to ensure that lenders are fully repaid. Yet despite all the talk about loans, little has been proposed to help college students and their families with the…

  13. Student Loan Default: Do Characteristics of Four-Year Institutions Contribute to the Puzzle?

    ERIC Educational Resources Information Center

    Webber, Karen L.; Rogers, Sharon L.

    2010-01-01

    College student debt and loan default are growing concerns in the United States. For each U.S. institution, the federal government is now reporting a cohort default rate, which is the percent of students who defaulted on their loan, averaged over a three-year period. Previous studies have amply shown that student characteristics are strongly…

  14. Drowning in Debt: The Emerging Student Loan Crisis. Charts You Can Trust

    ERIC Educational Resources Information Center

    Dillon, Erin; Carey, Kevin

    2009-01-01

    The authors find that college students are borrowing more and taking on riskier forms of debt than ever before. If tuition increases continue to grow faster than inflation and family income and grant aid fails to keep pace, the authors project that more students will be left with few choices beyond student loans--and, increasingly, private loans.…

  15. We've Let Student Loans Become a Horror Story ... Now Is Time to Face It

    ERIC Educational Resources Information Center

    Combe, Paul

    2013-01-01

    This article highlights an issue that has been slowly simmering over the past 30 years--Student Debt. As government loans quietly edged out grants, and college tuition continued to rise, debt has been piled on students without adequately preparing them to manage it. Research reports about 30% of the 37 million Americans with student loans are…

  16. The Role of Student Loan Programs in Higher Education Policy in the United States

    ERIC Educational Resources Information Center

    Amatya, Sachi

    2009-01-01

    The increasing cost of higher education, coupled with the inability of federal and state governments to sustain parallel increases in levels of funding for student financial aid, has led to significant growth of student loans. This project analyzes the multidimensional student loans space in the US. This project also compares and contrasts some of…

  17. Predicting Student Loan Default for the University of Texas at Austin

    ERIC Educational Resources Information Center

    Herr, Elizabeth; Burt, Larry

    2005-01-01

    During spring 2001, Noel-Levitz created a student loan default model for the University of Texas at Austin (UT Austin). The goal of this project was to identify students most likely to default, to identify as risk elements those characteristics that contributed to student loan default, and to use these risk elements to plan and implement targeted,…

  18. 77 FR 52705 - Notice of Submission for OMB Review; Federal Student Aid; Federal Perkins Loan Program/NDSL...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-30

    ... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; Federal Perkins Loan Program/NDSL Assignment Form SUMMARY: The Federal Perkins Loan Program allows for assignment of... its efforts in recovering an outstanding loan. The Perkins Assignment Form serves as the transmittal...

  19. 77 FR 28572 - Notice of Submission for OMB Review; Federal Student Aid; Loan Verification Certificate for...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-15

    ... (LVC) will serve as the means by which the U.S. Department of Education (the Department) collects certain information from commercial holders of Federal Family Education Loan (FFEL) Program loans that a... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; Loan...

  20. Student Loan Collection Procedures.

    ERIC Educational Resources Information Center

    National Association of College and University Business Officers, Washington, DC.

    This manual on the collection of student loans is intended for the use of business officers and loan collection personnel of colleges and universities of all sizes. The introductory chapter is an overview of sound collection practices and procedures. It discusses the making of a loan, in-school servicing of the accounts, the exit interview, the…

  1. Trends in Student Aid: 1963 to 1983.

    ERIC Educational Resources Information Center

    Gillespie, Donald A.; Carlson, Nancy

    The growth of student financial aid during 1963-1983 is traced in relation to inflation, college costs, family income, enrollment, and other factors. Aid to students in public, private, and proprietary schools, including doctoral students, is reported. Attention is directed to federally-supported grants, loans, and work; state grants; and…

  2. 42 CFR 60.21 - Refunds.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... The Loan § 60.21 Refunds. (a) Student authorization. By applying for a HEAL loan, a student authorizes... original lender (or to a subsequent holder of the loan note, if the school has knowledge of the holder's...

  3. Widening Participation in Higher Education: A Social Justice Analysis of Student Loans in Tanzania

    ERIC Educational Resources Information Center

    Msigwa, Faustina M.

    2016-01-01

    Financing of higher education (HE) through provision of student loans has become the most popular strategy globally for funding undergraduate degrees; hence, widening participation in HE depends crucially on socially just distribution of loans. Tanzanian financial assistance policy aims to support students from low-socio-economic status (SES)…

  4. Education Dept. Proposes New Rules for Student-Loan Programs

    ERIC Educational Resources Information Center

    Field, Kelly

    2007-01-01

    Colleges would be required to give students information to help them shop around among loan providers under proposed changes in student-loan programs announced by the U.S. Department of Education. The proposed regulations represent the department's most significant response to date to the continuing controversy over conflicts of interest in the…

  5. Federal Student Loan Interest Rates: History, Subsidies, and Cost. Issue Brief

    ERIC Educational Resources Information Center

    Delisle, Jason

    2012-01-01

    The 2011 Occupy Wall Street protests brought countless media reports about unemployed college graduates struggling to repay their student loans and headlines sounding alarms that outstanding student loan debt will soon reach $1 trillion. Even though evidence is mixed on whether today's college graduates leave school with significantly more debt…

  6. Thailand's Student Loans Fund: Interest Rate Subsidies and Repayment Burdens

    ERIC Educational Resources Information Center

    Chapman, Bruce; Lounkaew, Kiatanantha; Polsiri, Piruna; Sarachitti, Rangsit; Sitthipongpanich, Thitima

    2010-01-01

    Government student loan schemes typically have implicit interest rate subsidies which, while these are a cost to taxpayers, they have the benefit of diminishing repayment burdens for graduates. Our goal is to illustrate the extent of both interest rate subsidies and repayment burdens with respect to Thailand's Student Loans Fund (SLF), using…

  7. Cost Estimates for Federal Student Loans: The Market Cost Debate

    ERIC Educational Resources Information Center

    Delisle, Jason

    2008-01-01

    In an ongoing debate about the relative costs of the federal government's direct and guaranteed student loan programs, some budget experts and private lenders have argued for the use of "market cost" estimates. They assert that official government cost estimates for federal student loans differ from what private entities would likely charge…

  8. Default Rate on Student Loans Falls for 2005 Fiscal Year

    ERIC Educational Resources Information Center

    Basken, Paul

    2007-01-01

    The rate at which borrowers default on their federally guaranteed student loans has declined to 4.6 percent, in part because of a record number of consolidations, the Education Department announced last week. "Borrowers took advantage of the opportunity to lock in record-low interest rates by consolidating their federal student loans," the…

  9. Default Management Manual.

    ERIC Educational Resources Information Center

    Dent, Richard A.

    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…

  10. Criteria for the Evaluation of Student Loan Alternatives.

    ERIC Educational Resources Information Center

    Dresch, Stephen P.

    The objectives of student loan programs and the consequences of specific programmatic determinations are considered. In addition to the primary function of providing access to capital markets for the financing of human capital investment, the student loan system in the United States has been utilized as: (1) a mechanism to subsidize schooling…

  11. 78 FR 28953 - William D. Ford Federal Direct Loan Program

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-16

    ... students since July 1, 2011. Second, the law placed a limit on Direct Subsidized Loan eligibility for new... students to complete their academic programs in a timely manner. Timely completion of programs will allow... student loan debt. This interim final rule implements the required statutory changes. Summary of the Major...

  12. Examination of Financial Statements of Student Loan Insurance Fund Fiscal Year 1973.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    This document examines the fiscal year 1973 financial statements of the Student Loan Insurance Fund, administered by the Office of Education, Department of Health, Education, and Welfare. Findings indicate: (1) The automated Guaranteed Student Loan System (GSLS) contains inaccurate data files and computer programs that do not process the data…

  13. Student War Loans Program: Final Report. Bulletin, 1946, No. 14

    ERIC Educational Resources Information Center

    Flynt, R. C. M.

    1946-01-01

    The Student War Loans Program, officially "Loans to Students in Technical and Professional Fields (National Defense)," was one of five essential wartime programs administered by the U. S. Office of Education. The Division of Higher Education administered two of these programs, namely, the Engineering, Science and Management War Training Program…

  14. The Cost of Access: Racial Disparities in Student Loan Burdens of Young Adults

    ERIC Educational Resources Information Center

    Kim, Jinhee; Chatterjee, Swarn; Young, J.; Moon, U. J.

    2017-01-01

    Student loans have become a social-financial issue in the United States. This study uses a nationally representative dataset to examine the association between financial socialization and student loan borrowing behavior of individuals after controlling a number of different socio-demographic factors. Results show that the financial burdens of…

  15. Student Loan Debt and Economic Outcomes. Current Policy Perspective No. 14-7

    ERIC Educational Resources Information Center

    Cooper, Daniel; Wang, J. Christina

    2014-01-01

    This policy brief advances the growing literature on how student loan debt affects individuals' other economic decisions. Specifically, it examines the impact of student loan liabilities on individuals' homeownership status and wealth accumulation. The analysis employs a rich set of financial and demographic control variables that are not…

  16. Condemning Students to Debt: College Loans and Public Policy.

    ERIC Educational Resources Information Center

    Fossey, Richard, Ed.; Bateman, Mark, Ed.

    The 10 chapters of this book on the effects of the federal student loan program focus on five major issues: first, that expanding access to postsecondary education is in the national interest; second, the inconsistency in student loan policy; third, increasing federal regulation of higher education; fourth, the fact that rising costs are making…

  17. Health-related quality of life of medical students in a Brazilian student loan programme.

    PubMed

    Lins, Liliane; Carvalho, Fernando Martins; Menezes, Marta Silva; Porto-Silva, Larissa; Damasceno, Hannah

    2016-08-01

    This study aimed to evaluate the health-related quality of life of medical students participating in a large Brazilian government loan programme for undergraduate students in private schools.A cross-sectional study in a stratified sample of students from a private medical school in Salvador, Brazil, evaluated their health-related quality of life by using a Brazilian Portuguese version of the 36-item Short Form Health Survey questionnaire (SF-36).Students supported by the loan programme consistently presented lower mean scores in all SF-36 domains and in the physical and mental component summary scores than those who were not in the programme. Students supported by the loan programme presented systematically lower physical and mental component mean scores, after stratification by age, gender, school year, physical activity, sleepiness, headache, having a car, having a housemaid, living with family, and living in a rented house.The loan programme has enabled less wealthy undergraduate students to attend private medical schools in Brazil. However, this support is insufficient to improve students' health-related quality of life during medical school, as compared with students who do not participate in the programme. Because of a poorer health-related quality of life, students supported by the loan programme deserve special attention from private medical schools.

  18. Disparities in Debt: Parents' Socioeconomic Resources and Young Adult Student Loan Debt

    ERIC Educational Resources Information Center

    Houle, Jason N.

    2014-01-01

    In an era of rising college costs and stagnant grant-based student aid, many young adults rely on their parents' resources and student loans to pay for their postsecondary education. In this study I ask how parents' income and education are linked to young adults' student loan debt. I develop and test two perspectives regarding the…

  19. Reframing the Student Loan Costing Debate: The Benefits of Competition

    ERIC Educational Resources Information Center

    Galloway, Fred; Wilson, Hoke

    2005-01-01

    As debate in Washington heats up regarding congressional reauthorization of the Higher Education Act, a central question involves what to do about the continued coexistence of the two student loan programs--the Federal Family Education Loan Program (FFELP) and the Direct Loan Program (DLP). With hundreds of millions of dollars at stake for banks,…

  20. 77 FR 58819 - Notice of Submission for OMB Review; Federal Student Aid; William D. Ford Federal Direct Loan...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-24

    ... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; William D. Ford... William D. Ford Federal Direct Loan Program will use this form to request forbearance on their loans when... of Collection: William D. Ford Federal Direct Loan Program General Forbearance Request. OMB Control...

  1. The Direct Loan Demonstration Program: An Analysis of the Legislative Process Involving Federal Student Loan Policy.

    ERIC Educational Resources Information Center

    McCormick, Joe Lew

    This study examined major stakeholders' perceptions of their involvement and role in the legislative process surrounding the introduction, deliberation, and ultimate passage of the Direct Loan Demonstration Program (DLDP), a federal pilot student loan program. Data analysis was based on a detailed description of the legislative process surrounding…

  2. Equity and Access to University Education through Higher Loans in Bungoma District Kenya

    ERIC Educational Resources Information Center

    Wachiye, Herman J.; Nasongo, Joseph W.

    2009-01-01

    University student loans were introduced in Kenya with the aim of easing the burden of public expenditure in higher education. In the initial years the loans were to benefit all students enrolled at University irrespective of their socio-economic backgrounds. The beneficiaries were expected to repay the loan later upon getting into employment.…

  3. 78 FR 5433 - Annual Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-25

    ... Federal Family Education Loan Program AGENCY: Federal Student Aid, Department of Education. ACTION: Notice... under the Federal Family Education Loan (FFEL) Program. The Chief Operating Officer takes this action to give notice of FFEL Program loan interest rates to the public. DATES: This notice is effective January...

  4. Defaulted Student Loans. Private Lender Collection Efforts Often Inadequate. Report to the Secretary of Education.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    The increasing costs, paid by the Department of Education through 47 loan guaranty agencies, for defaulted loans made through the Guaranteed Student Loan Program prompted the General Accounting Office (GAO) to evaluate the policies and procedures used by the Department and the guaranty agencies. The purposes were to determine whether: (1) the…

  5. 34 CFR 685.303 - Processing loan proceeds.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... originating a loan to cover the cost of attendance in a study abroad program and has a Direct Loan Program....21. (4)(i) If a student is enrolled in the first year of an undergraduate program of study and has... Unsubsidized Loan until 30 days after the first day of the student's program of study unless— (A)(1) Except as...

  6. 34 CFR 685.303 - Processing loan proceeds.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... originating a loan to cover the cost of attendance in a study abroad program and has a Direct Loan Program....21. (4)(i) If a student is enrolled in the first year of an undergraduate program of study and has... Unsubsidized Loan until 30 days after the first day of the student's program of study unless— (A)(1) Except as...

  7. 34 CFR 685.303 - Processing loan proceeds.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... originating a loan to cover the cost of attendance in a study abroad program and has a Direct Loan Program....21. (4)(i) If a student is enrolled in the first year of an undergraduate program of study and has... Unsubsidized Loan until 30 days after the first day of the student's program of study unless— (A)(1) Except as...

  8. Federal Student Loan Programs: Are They Meeting the Needs of Students and Schools? Hearing before the Committee on Government Reform, House of Representatives, One Hundred Ninth Congress, First Session (May 26, 2005). Serial Number 109-31

    ERIC Educational Resources Information Center

    US House of Representatives, 2005

    2005-01-01

    The Committee on Government Reform, chaired by Tom Davis (R-VA) convened this oversight hearing to examine Federal Student Loan Programs, specifically the management and performance of the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program. The Committee focused on the Department of Education initiatives to…

  9. The Impact of Significant Federal Student Loan Policy Changes and the Role of States in Student Credit.

    ERIC Educational Resources Information Center

    Wennerdahl, Carol; Boyd, Joseph D.

    This monograph reviews the role of the states in federal student loan programs since the inception of the Guaranteed Student Loan Program under Title IV, Part B of the Higher Education Act of 1965. Part I examines the program during its first 15 years when the program was experiencing its most turbulent times. State and federal roles were fluid…

  10. The Socio-Economic Impact of Student Loan Debt on African American Graduates of the University of Phoenix Residing in Philadelphia, Pennsylvania

    ERIC Educational Resources Information Center

    Daniels, Terrence D.

    2017-01-01

    Little is known about the long-term socio-economic impact of student loan debt on African-American graduates of the University of Phoenix who reside in Philadelphia, Pennsylvania. The purpose of this case study is to examine the socio-economic impact of student loan debt on these students five years after receiving a degree from this for-profit…

  11. Viewing Education Loans through a Myopic Lens. Discussion Paper 2008-05

    ERIC Educational Resources Information Center

    Gandhi, Sima J.

    2008-01-01

    Although the federal government dedicated nearly $40 billion to funding student loans in 2006, only 60 percent of potential students from low-income families attend college, compared with 90 percent from high-income families. This paper argues that enrollment rates are lower than they could be because potential students undervalue loan subsidies,…

  12. Student Loan Lenders: Information on the Activities of the First Independent Trust Company.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    Information is provided on the activities of the First Independent Trust Company (FITCO) of Carmichael, California, which made loans to students participating in the Stafford Student Loan Program until California's State Banking Department closed it in May 1989. During the 11 years FITCO was in the Stafford program, it made over $1 billion in…

  13. Costs and Policy Options for Federal Student Loan Programs. A CBO Study

    ERIC Educational Resources Information Center

    Lucas, Deborah; Moore, Damien

    2010-01-01

    The Department of Education oversees various programs to help students pay for the costs of postsecondary education. This Congressional Budget Office (CBO) study focuses on the two largest student loan programs created under the authority of the Higher Education Act of 1965 (as amended): (1) The Federal Family Education Loan (FFEL) program, which…

  14. 900 Institutions Could Be Dropped from Student-Aid Programs for High Loan-Default Rates; 55 Are Non-Profit Colleges.

    ERIC Educational Resources Information Center

    Zook, Jim

    1993-01-01

    Colleges risk losing eligibility for government student loan programs, because of tightened loan-repayment requirements for participating institutions. Economic factors and some data-processing errors are blamed for high student default rates. Default rates are charted by state, lender, institution type, and guarantee agency. Colleges threatened…

  15. Paying for College: Student Loans and Alternative Financing Mechanisms.

    ERIC Educational Resources Information Center

    Eureka Project, Sacramento, CA.

    As a part of a study on financing higher education in California, information is presented on student loans and alternative methods of financing. Part 1 reviews problems caused by a heavy reliance on the federal Guaranteed Student Loan program (GSL). It discusses troubles of the GSL program; the lack of policy purpose; program costs; defaults;…

  16. Recommendations for Reducing the Default Rate in the Guaranteed Student Loan Program.

    ERIC Educational Resources Information Center

    Meznek, James; Wilson, Al

    A series of recommendations is presented for reducing default rates in the Guaranteed Student Loan (GSL) program. First, a summary is provided of trends toward the increasing dependence of students on loans to finance their college education and the large and growing default rate among borrowers. Next, four issues are discussed: Should lenders…

  17. 34 CFR 668.139 - Recovery of payments and loan disbursements to ineligible students.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... ineligible students. (a) If an institution makes a payment of a grant or a disbursement of a Federal Perkins... (2) Making a reasonable effort to collect the payment or Federal Perkins loan. (b) If an institution... an institution is liable for a payment of a grant or Federal Perkins loan to an ineligible student...

  18. 34 CFR 668.139 - Recovery of payments and loan disbursements to ineligible students.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... ineligible students. (a) If an institution makes a payment of a grant or a disbursement of a Federal Perkins... (2) Making a reasonable effort to collect the payment or Federal Perkins loan. (b) If an institution... an institution is liable for a payment of a grant or Federal Perkins loan to an ineligible student...

  19. The Selling of Student Loans

    ERIC Educational Resources Information Center

    Field, Kelly

    2007-01-01

    Twenty years ago, a U.S. Senate aide walked into a bank in Maine and saw a sign that read "Take out a student loan today, get a toaster." The aide, concerned that students would be tempted to take out loans they did not need, drafted legislation barring lenders from offering "inducements" to borrow. That language was added to the Higher Education…

  20. What Pennsylvania Health Care Students Would Want for Participating in Loan Forgiveness Programs.

    ERIC Educational Resources Information Center

    Redd, Kenneth E.

    The results of a survey of students majoring in health care fields regarding a proposed program in which educational loans would be forgiven in exchange for serving medically underserved Pennsylvanians are discussed in this report. The survey sought to discover whether students would be interested in participating in a "loan forgiveness"…

  1. State of Student Aid and Higher Education in Texas

    ERIC Educational Resources Information Center

    Creusere, Marlena; Fletcher, Carla; Klepfer, Kasey; Norman, Patricia

    2015-01-01

    TG provides critical support to schools, students, and borrowers at every stage of the federal student aid process--from providing information on how to pay for a higher education including financial aid options, to facilitating successful loan repayment after graduation. This issue of "State of Student Aid and Higher Education in Texas"…

  2. Actions Underway to Reduce Delinquencies in the Health Professions and Nursing Student Loan Programs.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    The problem of loan payment delinquency in the Health Professions and Nursing Student Loan Programs was reviewed. Problems that schools have had in billing and collecting outstanding loans and the lack of effective program monitoring by the Department of Health and Human Services (DHHS) were assessed, along with the DHHS' efforts to correct the…

  3. How CBO Analyzes the Sources of Lenders' Interest Income on Guaranteed Student Loans. A CBO Report

    ERIC Educational Resources Information Center

    Alsalam, Nabeel

    2004-01-01

    The Federal Family Education Loan (FFEL) program guarantees loans for postsecondary education to students and their parents at a limited interest rate. However, limiting borrowers' rates creates a danger that lenders will not be willing to participate in the program if their costs of financing and servicing the loans exceed the interest rates they…

  4. 77 FR 29988 - Notice of Submission for OMB Review; Federal Student Aid; William D. Ford Federal Direct Loan...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-21

    ... borrowers in the William D. Ford Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; William D. Ford... mailed to [email protected] or mailed to U.S. Department of Education, 400 Maryland Avenue SW., LBJ...

  5. Deferred Cost Recovery for Higher Education: Student Loan Programs in Developing Countries. World Bank Discussion Papers, No. 137.

    ERIC Educational Resources Information Center

    Albrecht, Douglas; Ziderman, Adrian

    This study analyzes the experience of existing higher education student loan programs in developing countries in order to understand their role in fostering cost recovery. Detailed financial analyses of 24 loan programs shows that present value of the repayments collected constitutes a small percentage of the loan value disbursed. In general,…

  6. How do Student Clients of a University-based Food Bank Cope with Food Insecurity?

    PubMed

    Farahbakhsh, Jasmine; Ball, Geoff D C; Farmer, Anna P; Maximova, Katerina; Hanbazaza, Mahitab; Willows, Noreen D

    2015-12-01

    To describe the food security status, food insecurity coping strategies, characteristics, and experiences of student clients of the Campus Food Bank (CFB) at the University of Alberta in Edmonton, Alberta, Canada. A convenience sample of 58 students completed a survey from April 2013 to April 2014. Food security status was determined using the "Adult Food Security Survey Module". Ninety percent of CFB student clients who participated in this study were food insecure, which included both moderately and severely food insecure groups. The most prevalent coping strategies for food insecurity included applying for a loan or bursary (86.2%), seeking employment or working more hours (84.5%), and purchasing food using a credit card (77.6%). Participants were a diverse mix of students, including graduate students (50.0%), international students (46.6%), and caregivers of children (24.1%). The most common primary sources of income were government student loans (29.3%) and research assistantships (20.7%). Most participants (82.8%) liked the food they received from the food bank. Food insecurity is highly prevalent among student clients of this university-based food bank. Students used a variety of coping strategies to increase their disposable income, highlighting the need for additional strategies to alleviate food insecurity among vulnerable students.

  7. Guaranteed Student Loans: Analysis of Insurance Premiums Charged by Guaranty Agencies. Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    The insurance premium rates that guaranty agencies charge student borrowers under the Guaranteed Student Loan program were analyzed by the U.S. General Accounting Office. The Higher Education Amendments of 1986 established a maximum rate (3% of the principal loan amount) that all agencies could charge student borrowers. Comparisons were made of…

  8. Halving Student Loan Interest Rates Is Unaffordable and Ineffective. WebMemo No. 1308

    ERIC Educational Resources Information Center

    Riedl, Brian M.

    2007-01-01

    The House of Representatives will likely vote this week on a proposal to halve the 6.8 percent interest rate on subsidized student loans as part of the new congressional majority's 100-Hour agenda. This document presents six problems with halving student loan interest rates and argues that, rather than providing billions in new federal subsidies,…

  9. A Time to Every Purpose: Understanding and Improving the Borrower Experience with Online Student Loan Entrance Counseling. Research Report

    ERIC Educational Resources Information Center

    Fernandez, Chris

    2015-01-01

    Legally mandated student loan entrance counseling attempts to prepare first-time borrowers of federal student loans for this challenge; yet, researchers hypothesized that the online modules most borrowers use for this purpose have significant shortcomings. This report (the third in a series of five from TG Research) describes a study in which…

  10. From Passive to Proactive: Understanding and Improving the Borrower Experience with Online Student Loan Exit Counseling. Research Report

    ERIC Educational Resources Information Center

    Fernandez, Chris

    2015-01-01

    Legally mandated student loan exit counseling attempts to prepare borrowers of federal student loans for the repayment process; yet, researchers hypothesized that the online modules most borrowers use for this purpose have significant shortcomings. This report (the second in a series of five from TG Research) describes a study in which researchers…

  11. The Tangled World of Teacher Debt: Clashing Rules and Uncertain Benefits for Federal Student-Loan Subsidies

    ERIC Educational Resources Information Center

    Delisle, Jason; Holt, Alexander

    2017-01-01

    The world of student loans and debt forgiveness for teachers is a patchwork of overlapping programs, contradictory regulations, and expensive subsidies that date back to Dwight D. Eisenhower's signing of the National Defense Education Act of 1958. The 60-year experiment in using federal loan dollars to encourage students to become teachers could…

  12. Multivariate Analysis of Student Loan Defaulters at Texas A&M University

    ERIC Educational Resources Information Center

    Steiner, Matt; Teszler, Natali

    2005-01-01

    In an effort to better understand student loan default behavior at Texas A&M University (TAMU), the research staff at TG, at the request of TAMU, conducted a study of the relationship between loan default, on the one hand, and many student and borrower characteristics, on the other hand. The study examines the default behavior of 12,776…

  13. Congress Prepares for Student-Loan Crisis, while Declaring It Unlikely

    ERIC Educational Resources Information Center

    Field, Kelly

    2008-01-01

    Several months into a credit crunch that has led at least 20 lenders to leave the guaranteed loan program or suspend their lending operations, lawmakers have begun to respond with a sense of urgency, even as they seek to reassure students and parents that a crisis is unlikely and that federal student loans will still be available this fall. In the…

  14. Trends in Student Aid.

    ERIC Educational Resources Information Center

    College Board, Washington, DC. Washington Office.

    This report presents annual data on the amount of financial assistance available to postsecondary students in the form of grants, loans, and work-study. The data cover virtually all federal aid and most state and institutional assistance; not included in the study is financial aid in the form of indirect subsidies, students' wages, employer-paid…

  15. 76 FR 7827 - Notice of Proposed Information Collection Requests

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-11

    .... Baseline data for the B&B:08 cohort were collected as part of the National Postsecondary Student Aid Study... administrative data sources, including the Central Processing System, the National Student Loan Data System, and the National Student Clearinghouse. This request also requests a waiver of the 60-day Federal Register...

  16. Nursing Student Loan Debt: A Secondary Analysis of the National Student Nurses' Association Annual Survey of New Graduates.

    PubMed

    Feeg, Veronica D; Mancino, Diane J

    2014-01-01

    The purpose of this study is to describe nursing student loan debt and financial choices from a secondary analysis of the National Student Nurses Association Annual New Graduate Survey. The findings in the secondary analysis show loan debt incurred by nursing students comparable to loan debt reported recently for all new college graduates in general. However, comparing types of programs and types of schools yielded clear variations. More than one-third of new graduates who reported having loans to repay were unemployed; more than one-quarter of those who worked part-time and one-quarter of those who worked full-time to finance their education were unemployed; and almost one-third of students whose parents had paid for their education were unemployed. New graduates from for-profit schools were more likely to report they had accumulated high debt to pay for school than all new graduates combined. Nursing students enter the job market with substantial financial debt that may impact their future. Educators and policymakers need to address these growing concerns to sustain a healthy supply of nurses.

  17. Interest Subsidies on Student Loans: A Better Class of Drain. CEE DP 114

    ERIC Educational Resources Information Center

    Barr, Nicholas; Johnston, Alison

    2010-01-01

    The British system of student loans has a zero real rate of interest, less than it costs the government to borrow the money. This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow…

  18. Study of the Cost and Flows of Capital in the Guaranteed Student Loan Program. Final Report.

    ERIC Educational Resources Information Center

    Touche Ross and Co., Washington, DC.

    The flow of capital to and through the Guaranteed Student Loan (GSL) Program and the cost of that capital to the federal government and the individual borrower were studied. A review of the research on student loan capital was conducted, and automated cost models were developed to test assumptions and project future costs. Attention was directed…

  19. 45 CFR 2528.20 - What steps are necessary to use an education award to repay a qualified student loan?

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 45 Public Welfare 4 2010-10-01 2010-10-01 false What steps are necessary to use an education award to repay a qualified student loan? 2528.20 Section 2528.20 Public Welfare Regulations Relating to....20 What steps are necessary to use an education award to repay a qualified student loan? (a) Required...

  20. Student Loan Debt in Kentucky: An Analysis of Debt Levels and Their Relationship to Earnings for Baccalaureate Degree Holders of Public Universities, 2010-2013

    ERIC Educational Resources Information Center

    Kentucky Council on Postsecondary Education, 2015

    2015-01-01

    Student loans can be a good investment in an individual's future, providing financial access to higher education and improved chances of economic success after college. However, avoiding undue financial obligations and maximizing the return on investment require careful planning and prudent borrowing. Estimating whether the student loan debt…

  1. Student Loan Assistance Amendments of 1982. Hearing Before the Subcommittee on Education, Arts and Humanities of the Committee on Labor and Human Resources, United States Senate. Ninety-Seventh Congress, Second Session on S. 2655.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. Senate Committee on Labor and Human Resources.

    Hearings of the Committee on Education and Labor on the proposed Student Loan Assistance Amendments of 1982 are presented. The bill (S. 2655) is designed to provide increased maximum limitations for student loans under Part B of Title IV of the Higher Education Act of 1965 for certain students who lost benefits under the Social Security Act as a…

  2. 34 CFR 674.10 - Selection of students for loans.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... 34 Education 3 2011-07-01 2011-07-01 false Selection of students for loans. 674.10 Section 674.10 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM General Provisions § 674.10 Selection of...

  3. 34 CFR 674.10 - Selection of students for loans.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Selection of students for loans. 674.10 Section 674.10 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM General Provisions § 674.10 Selection of...

  4. Guaranteed Student Loan Program 1981. State Agency Survey.

    ERIC Educational Resources Information Center

    New York State Higher Education Services Corp., Albany.

    Responses to a questionnaire circulated in March 1981 are summarized. Data were gathered from all states regarding the federal Guaranteed Student Loan Program (GSL) and the state guarantee agencies on: guarantee agency organizational types; dates of GSL agreements with the Department of Education; states that guaranteed loans before GSL;…

  5. Student Loans in Ghana.

    ERIC Educational Resources Information Center

    Kotey, N.

    1992-01-01

    This article summarizes the current pattern of finance of higher education in Ghana, gives a brief history of student loans in Ghana, and describes a new program, which is administered by the Social Security and National Insurance Trust and is expected to result in a higher rate of loan repayment. (Author/DB)

  6. Agency Theory, Incentives, and Student Loans.

    ERIC Educational Resources Information Center

    Rudner, Lawrence M.

    Using agency theory, this paper analyzes schools, particularly career schools, in the Stafford Loan Program for student incentive to graduate and pay off their loans. Agency theory focuses on the roles of information and incentives when a principal and an agent cooperate with respect to the utilization of resources. The analysis examines the…

  7. Student Financial Aid--A Phase-In Approach.

    ERIC Educational Resources Information Center

    Fuller, William S.

    1984-01-01

    An alternative system is proposed for college students: provide grants in the freshman year, reduce grants and small loans in the second, introduce work-study in the third along with reduced grants and loans, and further increase loan and reduce the grant with work-study in the fourth year. (MSE)

  8. Loans for Adult Learners: A Postsecondary Education Perspective.

    ERIC Educational Resources Information Center

    Arbeiter, Solomon

    1979-01-01

    Policy modifications by postsecondary, business, and banking institutions are suggested to make small loans readily available to adult learners for higher education. The author focuses on middle-income adult students with an interest in career mobility in examining existing student loan programs, deferred tuition plans, and adult repayment rates.…

  9. At Issue: The Relationship between Student Loans and Low-Income Students' Baccalaureate Attainment: A Literature Review

    ERIC Educational Resources Information Center

    Yu, Hongwei

    2014-01-01

    The study conducts a review on the linkage between student loans and low-income students' baccalaureate degree achievement. Specifically, this study synthesizes literature on low-income students' borrowing patterns, low-income students' baccalaureate degree achievement, as well as the relationship between these two topics. Future research should…

  10. Are the Poor Needy? Are the Needy Poor? The Distribution of Student Loans and Grants by Family Income Quartile in Canada

    ERIC Educational Resources Information Center

    Usher, Alex

    2004-01-01

    This study is one part of a two-part inquiry into subsidies for post-secondary education in Canada. Based on a combination of administrative and survey data, the study estimates the distribution of student loans and grants by family income quartile. The estimates suggest that roughly 40 percent of all loans and grants go to students from families…

  11. 42 CFR 57.1512 - Length and maturity of loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Loan Guarantees... shall a loan repayment period exceed the useful life of the facility to be constructed with the...

  12. Including Transfer-Out Behavior in Retention Models: Using the NSLC Enrollment Search Data.

    ERIC Educational Resources Information Center

    Porter, Stephen R.

    Almost all studies of college student retention inappropriately combine stopouts with transfer-outs due to a lack of data. The National Student Loan Clearinghouse (NSLC) has created a new database that tracks students across institutions. These data, in combination with institutional databases, now allow researchers to take into account both…

  13. Including Transfer-Out Behavior in Retention Models: Using the NSC EnrollmentSearch Data. AIR Professional File.

    ERIC Educational Resources Information Center

    Porter, Stephen R.

    Almost all studies of retention inappropriately combine stopouts with transfer-outs because of a lack of data. The National Student Clearinghouse (NSC) (formerly called the National Student Loan Clearinghouse) created a new database that tracks students across institutions. These data, in combination with institutional databases, now allow…

  14. Effectiveness of Asynchronous Reference Services for Distance Learning Students within Florida's Community College System

    ERIC Educational Resources Information Center

    Profeta, Patricia C.

    2007-01-01

    The provision of equitable library services to distance learning students emerged as a critical area during the 1990s. Library services available to distance learning students included digital reference and instructional services, remote access to online research tools, database and research tutorials, interlibrary loan, and document delivery.…

  15. Assessment of Alternative Student Aid Delivery Systems: Assessment of the Current Delivery System.

    ERIC Educational Resources Information Center

    Advanced Technology, Inc., Reston, VA.

    The effects of the current system for delivering federal financial assistance to students under the Pell Grant, Guaranteed Student Loan (GSL), and campus-based programs are analyzed. Information is included on the use of the assessment model, which combines program evaluation, systems research, and policy analysis methodologies.…

  16. Graduating into Debt: The Burdens of Borrowing for Graduate & Professional Students.

    ERIC Educational Resources Information Center

    Education Resources Inst., Boston, MA.

    A study of the debt levels of graduate and professional students is reported in narrative, data tables, and graphs. Highlights include: total annual borrowing through federal loan programs has accelerated dramatically, with more than a million graduate and professional students now borrowing nearly $8 billion per year; graduate and professional…

  17. Private Loans and Choice in Financing Higher Education.

    ERIC Educational Resources Information Center

    Wegmann, Catherine A.; Cunningham, Alisa F.; Merisotis, Jamie P.

    Private loans also known as private-label loans or alternative loans, have long been part of the student financial aid equation, but are receiving new attention in recent years. Understanding who gets private loans and their reasons for borrowing these loans is critical for policymaking, but little research has been done. This report explores the…

  18. 76 FR 72917 - Notice of Proposed Information Collection Requests

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-28

    ... Loan (Direct Loan) Program under a special initiative announced by the White House in an October 25, 2011 fact sheet titled ``Help Americans Manage Student Loan Debt.'' Loans made under this initiative...

  19. 34 CFR 668.42 - Financial assistance information.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... Loan Program, the William D. Ford Federal Direct Student Loan Program, and the Federal Perkins Loan... institution provides and collects as required by 34 CFR 674.42 for borrowers under the Federal Perkins Loan...

  20. Undergraduates Who Do Not Apply for Financial Aid. Data Point. NCES 2016-406

    ERIC Educational Resources Information Center

    Ifill, Nicole

    2016-01-01

    This report is based on data from the 2011-12 National Postsecondary Student Aid Study (NPSAS:12), a large, nationally representative sample survey of students that focuses on how they finance their education. NPSAS includes data on the application for and receipt of financial aid, including grants, loans, assistantships, scholarships,…

  1. The Prevalence of Food Security and Insecurity Among Illinois University Students.

    PubMed

    Morris, Loran Mary; Smith, Sylvia; Davis, Jeremy; Null, Dawn Bloyd

    2016-06-01

    This study aims to define the food security status of Illinois university students and whether sociodemographic characteristics are related to that status. A cross-sectional research design was used to analyze the food security status of undergraduate Illinois university students, employing a survey containing the Household Food Security Survey Module that was distributed via e-mail to student participants. Four public Illinois universities were highlighted, including Eastern Illinois University, Northern Illinois University, Southern Illinois University, and Western Illinois University. A total of 1,882 undergraduate students participated in the research study in April, 2013. Variables include food security status and sociodemographic characteristics such as age, sex, race, and academic standing. Statistical analysis included frequencies and chi-square tests. The percentage of student respondents in the total sample who were considered food insecure was 35.0%. There were significant relationships between food security status and sociodemographic variables including race, grade point average, loan use, and living location. This study suggests that 35% of respondents were food insecure based on quantitative assessment. Understanding the significant relationship between food security status and race, grade point average, loan use, and living location may be useful in developing services for those in need. Copyright © 2016 Society for Nutrition Education and Behavior. Published by Elsevier Inc. All rights reserved.

  2. Guaranteed Student Loans: GAO High Risk Series.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    As part of a larger program to identify and analyze federal programs at high risk for waste, fraud, abuse and mismanagement, this publication presents an evaluation of the Federal Family Education Loan Program (FFELP), formerly the Guaranteed Student Loan Program. The analysis argues that the program has not been successful in protecting the…

  3. 34 CFR 674.32 - Special terms: loans to less than half-time student borrowers.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... 34 Education 3 2011-07-01 2011-07-01 false Special terms: loans to less than half-time student borrowers. 674.32 Section 674.32 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM Terms of...

  4. 34 CFR 674.32 - Special terms: loans to less than half-time student borrowers.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Special terms: loans to less than half-time student borrowers. 674.32 Section 674.32 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM Terms of...

  5. Helping or Hindering? The Effects of Loans on Community College Student Persistence

    ERIC Educational Resources Information Center

    McKinney, Lyle; Burridge, Andrea Backscheider

    2015-01-01

    More community college students are taking out loans than ever before and their median debt levels are increasing. This trend is disconcerting because community college borrowers are overrepresented among loan defaulters and those who dropout without having earned a degree. While not without criticism, a growing number of community colleges are…

  6. The Impact of Increased Loan Utilization among Low Family Income Students.

    ERIC Educational Resources Information Center

    Mortenson, Thomas G.

    This study used economic investment theory and attitudinal survey data to examine the relationship between the decline in low-income participation in higher education and the substitution of loans for grants in federal student financial aid programs. Loans are seen to substantially decrease the net benefits of college attendance to low-income…

  7. Federal Student Loans: Oversight of Defaulted Loan Rehabilitation Needs Strengthening. Testimony before the Subcommittee on Higher Education and Workforce Training, Committee on Education and the Workforce, House of Representatives. GAO-14-426T

    ERIC Educational Resources Information Center

    Emrey-Arras, Melissa

    2014-01-01

    As of September 2013 about $94 billion--over 11 percent of federal student loan volume in repayment--was in default. Loan rehabilitation allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Department of Education (Education) contracts with collection agencies to assist…

  8. Does educational indebtedness affect physician specialty choice?

    PubMed

    Bazzoli, G J

    1985-03-01

    There has been much debate over the effect of educational indebtedness on the specialty choices of new physicians, especially in light of the perceived shortage of primary care physicians. This paper explores the theoretical foundations on which this debate is based. In addition, the paper estimates the effects of various types of debt on specialty choice. The results suggest that an increase in debt from subsidized loan sources (i.e., Guaranteed Student Loans, National Direct Student Loans, or Health Professions Student Loans) has mixed effects while an increase in debt from Health Education Assistance Loans reduces the likelihood of becoming a primary care physician. Though these effects are significant, they are very small in magnitude. Economic returns to certain specialties and personal background appear to play a more important role in specialty choice.

  9. College on Credit: A Multilevel Analysis of Student Loan Default

    ERIC Educational Resources Information Center

    Hillman, Nicholas W.

    2014-01-01

    This study updates and expands the literature on student loan default. By applying multilevel regression to the Beginning Postsecondary Students survey, four key findings emerge. First, attending proprietary institutions is strongly associated with default, even after accounting for students' socioeconomic and academic backgrounds. Second,…

  10. Student Loan Default and Repayment in Kentucky

    ERIC Educational Resources Information Center

    Kentucky Council on Postsecondary Education, 2016

    2016-01-01

    As college costs continue to rise, student loan default and repayment are issues of increasing concern to students and families, colleges and universities, and state and federal governments. Helping students borrow responsibly and manage their debt are vitally important to maintaining college access and affordability and increasing the education…

  11. Student Loans, Financial Stress, and College Student Retention

    ERIC Educational Resources Information Center

    Britt, Sonya L.; Ammerman, David Allen; Barrett, Sarah F.; Jones, Scott

    2017-01-01

    This study examined a sample of 2,475 undergraduate students to determine the influence of financial stress, debt loads, and financial counseling on retention rates. Results indicate, among other findings, that financial stress contributes to an increased likelihood of discontinuing college. Self-reported student loan debt contributes to an…

  12. A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and in the Institutions They Attended Contributed to Rising Loan Defaults. Brookings Papers on Economic Activity, Fall 2015

    ERIC Educational Resources Information Center

    Looney, Adam; Yannelis, Constantine

    2015-01-01

    This paper examines the rise in student loan default and delinquency. It draws on a unique set of administrative data on federal student borrowing matched to earnings records from de-identified tax records. Most of the increase in default is associated with borrowers at for-profit schools, 2-year institutions, and certain other nonselective…

  13. Guaranteed Student Loans: Credit Bureau Reporting Practices by Guaranty Agencies and Lenders. Briefing Report to the Chairman, Subcommittee on Education, Arts, and the Humanities, Committee on Labor and Human Resources, U.S. Senate.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    Provisions in the Higher Education Amendments of 1986 (Public Law 99-498), which require guaranty agencies and lenders to report information on Stafford student loan program borrowers to credit bureaus, are examined. The purpose of these provisions is to promote greater borrower responsibility and repayment of student loans. The report addresses…

  14. Hearing on Federal Student Loan Programs. Hearing before the Subcommittee on Oversight and Investigations of the Committee on Economic and Educational Opportunities. House of Representatives, 104th Congress, First Session.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. House.

    The Subcommittee met to hear testimony on the college student loan process, particularly whether, at a time of devolution of power to state and local levels, it is contradictory to continue with the relatively new Federal Direct Student Loan Program. Chairman Peter Hoekstra outlined how vital higher education has become for access to quality…

  15. Managing the Federal Direct Student Loan Program. Hearing before the Human Resources and Intergovernmental Relations Subcommittee of the Committee on Government Operations. House of Representatives, One Hundred Third Congress, First Session (June 10, 1993).

    ERIC Educational Resources Information Center

    Congress of the U. S., Washington, DC. House Committee on Government Operations.

    The House Subcommittee on Human Resources and Intergovernmental Relations met to hear testimony from leaders in government and higher education on managing the federal direct student loan program. Focus was on the Department of Education's plans to correct existing management problems of the Guaranteed Student Loan Program and implement the…

  16. 78 FR 52169 - Agency Information Collection Activities; Comment Request; Federal Direct Stafford/Ford Loan and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-22

    ...; Comment Request; Federal Direct Stafford/Ford Loan and Federal Direct Subsidized/ Unsubsidized Stafford/Ford Loan Master Promissory Note AGENCY: Department of Education (ED), Federal Student Aid (FSA... Stafford/Ford Loan and Federal Direct Subsidized/Unsubsidized Stafford/Ford Loan Master Promissory Note...

  17. 34 CFR 674.12 - Loan maximums.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Loan maximums. 674.12 Section 674.12 Education..., DEPARTMENT OF EDUCATION FEDERAL PERKINS LOAN PROGRAM General Provisions § 674.12 Loan maximums. (a) The maximum annual amount of Federal Perkins Loans and NDSLs an eligible student may borrow is— (1) $5,500 for...

  18. Performance of the Higher Education Students Loans Board in Human Capital Investment from 2005-2015

    ERIC Educational Resources Information Center

    Memba, Albert Zephaniah; Feng, Zhao Zun

    2016-01-01

    Many studies conducted on the Higher Education Students Loans Board (HESLB) have mostly concentrated on its success, sustainability and effectiveness on loans issuance and repayment. None had focused on its performance towards human capital investment. This study sought to explain and analyze HESLB's performance in human capital investment, which…

  19. 77 FR 38784 - Applications, Reports, and Other Records for the 2011-2012 Award Year: Student Assistance General...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-29

    ... Loan Program; 84.379 Teacher Education Assistance for College and Higher Education Grant Program; 84... Federal student aid programs authorized under Title IV of the Higher Education Act of 1965, as amended..., William D. Ford Federal Direct Loan (Direct Loan), Teacher Education Assistance for College and Higher...

  20. Should All Student Loan Payments Be Income-Driven? Trade-Offs and Challenges. White Paper

    ERIC Educational Resources Information Center

    Asher, Lauren; Cheng, Diane; Thompson, Jessica

    2014-01-01

    This white paper analyzes the potential effects of requiring income-driven repayment for all federal loans as well as relying on paycheck withholding for loan payments, with particular attention to the implications for low-income students and families. The Institute for College Access & Success (TICAS) also examines the relevance and evolution…

  1. Multivariate Analysis of Student Loan Defaulters at Prairie View A&M University

    ERIC Educational Resources Information Center

    Barone, Sandra

    2006-01-01

    This study examines the default behavior of 3,325 undergraduate student borrowers who attended Prairie View A&M University (PVAMU) and entered repayment on their TG-guaranteed Federal Family Education Loan Program (FFELP) loans between October 1, 2000 and September 30, 2002 (fiscal years 2001-2002). Using the Department of Education's official…

  2. The Perpetual Education Fund: Providing Higher Education Loans in the Voluntary Sector

    ERIC Educational Resources Information Center

    Lough, Benjamin J.

    2010-01-01

    Although many strategies are proposed to reduce the opportunity gap in higher education between and within countries, student loans with cost recovery measures are often preferred during times of fiscal constraint. This study briefly reviews the benefits and challenges of student loans over other forms of financial aid and presents the case for…

  3. Student Loans Schemes in Mauritius: Experience, Analysis and Scenarios

    ERIC Educational Resources Information Center

    Mohadeb, Praveen

    2006-01-01

    This study makes a comprehensive review of the situation of student loans schemes in Mauritius, and makes recommendations, based on best practices, for setting up a national scheme that attempts to avoid weaknesses identified in some of the loans schemes of other countries. It suggests that such a scheme would be cost-effective and beneficial both…

  4. Multivariate Analysis of Student Loan Defaulters at Texas A&M University--Kingsville

    ERIC Educational Resources Information Center

    Barone, Sandra; Steiner, Matt; Teszler, Natali

    2005-01-01

    This study examines the default behavior of 5,177 undergraduate student borrowers who attended Texas A&M University--Kingsville (TAMUK) and entered repayment of their TG-guaranteed Federal Family Education Loan Program (FFELP) loans between October 1, 1998 and September 30, 2002 (fiscal years 1999-2002). Using the Department of Education's…

  5. Selected Issues in the Federal Direct Loan Program. A Collection of Commissioned Papers.

    ERIC Educational Resources Information Center

    Office of Postsecondary Education (ED), Washington, DC.

    This document presents seven papers that address several aspects of the new direct lending federal loan program established by the Student Loan Reform Act of 1993. Among the topics examined are the following: (1) the experiences with implementing new student aid programs; (2) the policy questions involved in lending in proprietary (profit-making)…

  6. Federal Student Loans: Better Oversight Could Improve Defaulted Loan Rehabilitation. Report to Congressional Requesters. GAO-14-256

    ERIC Educational Resources Information Center

    Emrey-Arras, Melissa

    2014-01-01

    The Department of Education (Education) relies on collection agencies to assist borrowers in rehabilitating defaulted student loans, which allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Education works with 22 collection agencies to locate borrowers and explain…

  7. [Preliminary Report on the Activities of the Tennessee Student Assistance Corporation for the School Year 1974-75.

    ERIC Educational Resources Information Center

    Tennessee Student Assistance Corp., Nashville.

    The Tennessee Educational Loan Corporation and the Tennessee Student Assistance Agency have merged into a single state agency, the Tennessee Student Assistance Corporation, for the purpose of administering the state's student assistance programs. These are: (1) the Tuition Grant Program; (2) Guaranteed Student Loan Program; (3) Medical…

  8. Financing Study Abroad: An Exploration of the Influence of Financial Factors on Student Study Abroad Patterns

    ERIC Educational Resources Information Center

    Whatley, Melissa

    2017-01-01

    This study examines the role of financial aid variables, namely, student loan and grant amounts, expected family contribution, and financial need, on the decision to study abroad among students in the University System of Georgia. Findings indicate that, generally, student loans negatively influence the likelihood of a student studying abroad…

  9. Problems Confronting the Higher Education Assistance Foundation. Hearing on Examining the Financial Difficulties Confronting the Higher Education Assistance Foundation and the Impact That Situation Has on the Guaranteed Student Loan Programs of the Department of Education before the Subcommittee on Education, Arts, and Humanities of the Committee on Labor and Human Resources. United States Senate, One Hundred First Congress, Second Session.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. Senate Subcommittee on Education, Arts and Humanities.

    This document reports oral testimony and prepared statements of persons who testified at hearings on the financial difficulties confronting the Higher Education Assistance Foundation (HEAF) and the impact that situation has on the Stafford Student Loan Program of the Department of Education. Witnesses included: Lauro F. Cavazos, U.S. Department of…

  10. Orthopedic Surgery Resident Debt Load and Its Effect on Career Choice.

    PubMed

    Johnson, Joey P; Cassidy, Dale B; Tofte, Josef N; Bariteau, Jason T; Daniels, Alan H

    2016-05-01

    Student loan debt has become a topic of discussion and debate among physicians and legislators. This study seeks to assess the level of debt of orthopedic surgery residents and to determine whether debt burden affects the career choice of orthopedic trainees. A 26-question, anonymous survey was distributed via email to resident trainees enrolled in different medical and surgical specialty training programs across the United States. Orthopedic trainees were compared with trainees in other specialties using comparative statistics. Of the approximately 13,503 residents who were sent the survey, a total of 3076 responded, including 167 of an estimated 580 orthopedic residents, for approximate response rates of 22.8% and 28.8%, respectively. On average, orthopedic surgery residents were at a later post-graduate year than overall respondents (P<.025). When asked if student loan debt would influence the next step in their career, nonorthopedic residents were statistically more likely to respond "yes" compared with orthopedic surgery residents (57.21% vs 49.08%, respectively; P=.041). More than 50% of all respondents agreed that student loan debt would affect their type or location of practice. The majority of orthopedic residents take student loan debt into consideration when determining their final location and type of practice, although less so for orthopedic trainees compared with other specialties. As medical education continues to become more expensive and the threat of dropping physician reimbursement looms on the horizon, student debt may become a primary driving factor for young American physicians' career plans. [Orthopedics. 2016; 39(3):e438-e443.]. Copyright 2016, SLACK Incorporated.

  11. National Student Fee and Support Systems in European Higher Education, 2016/17. Eurydice--Facts and Figures

    ERIC Educational Resources Information Center

    Education, Audiovisual and Culture Executive Agency, European Commission, 2016

    2016-01-01

    This annual report shows how fee and support systems (including grants and loans) work in higher education in Europe. It provides both a comparative overview of fees and financial support available to full-time students in 2016/17, and also includes individual country sheets outlining the main elements of national systems. In particular, the…

  12. Reauthorization of the Higher Education Act. Guaranteed Student Loans, Volume 1. Hearing before the Subcommittee on Postsecondary Education of the Committee on Education and Labor. House of Representatives, Ninety-Ninth Congress, First Session (June 4, 5, 11, 13, 19, and 20, 1985).

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. House Committee on Education and Labor.

    Hearings on reauthorization of the Higher Education Act, and specifically Guaranteed Student Loans (GSL), are presented, with a focus on issues of multiple disbursements, loan consolidation, subsidies, and copayments. Witnesses represent the lending institutions, secondary markets, and students. The GSL program is designed to promote the…

  13. Financial Aid for All Students Act of 1991. Hearing on S. 1845 To Ensure that All Americans Have the Opportunity for a Higher Education of the Committee on Labor and Human Resources, United States Senate, One Hundred Second Congress, First Session, on S. 1845.

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. Senate Committee on Labor and Human Resources.

    This hearing document presents testimony comprising prepared statements and letters that address the direct loan concept (as authored by Senators Simon and Durenberger) in student financial aid, and the idea of tying repayment to income (income-contingent loan) as a means of simplifying the nation's guaranteed student loan process. Testimony…

  14. Messengers of Bad News or Bad Apples? Student Debt and College Accountability

    ERIC Educational Resources Information Center

    Darolia, Rajeev

    2015-01-01

    Student loan debt and defaults have been steadily rising, igniting public worry about the associated public and private risks. This has led to controversial regulatory attempts to curb defaults by holding colleges, particularly those in the for-profit sector, increasingly accountable for the student loan repayment behavior of their students. Such…

  15. Student Loan Debt Implications for Hispanic Students Who Have Graduated from College

    ERIC Educational Resources Information Center

    Rodriguez, Eric

    2016-01-01

    This quantitative correlational non-experimental study examines some major implications of student loan debt that Hispanics face upon graduation from institutions of higher learning. It provides both descriptive and correlational statistics to help view how Hispanics differ from non-Hispanics graduate students in their plight to live the American…

  16. Financial Literacy Makes Dollars and Sense for Student Loan Borrowers and Lenders

    ERIC Educational Resources Information Center

    Wilke, Alisa

    2013-01-01

    "American Student Assistance" has a unique window onto students during some very important milestones in their formative financial years. This nonprofit interacts with students from the time they're choosing a college, to applying for financial aid and loans, to starting a first job, getting that first apartment, making that dreaded…

  17. Strategies to Test for Private Student Loan Discrimination

    ERIC Educational Resources Information Center

    Darolia, Rajeev

    2014-01-01

    Little is known about private student loan discrimination, in contrast to the relatively developed research on discrimination in other credit markets such as mortgages and credit cards. The private student lending market can play a key role in responding to changes in the policy or economic environment, and many students and their families turn to…

  18. New England's Disadvantaged Populations Struggle the Most with Student Debt Repayment

    ERIC Educational Resources Information Center

    Saas, Darcy Rollins

    2016-01-01

    Regularly reported statistics about high and growing student-loan debt levels, combined with increased rates of delinquency and default, have prompted calls to address the student-debt "crisis." For New England, with its highly educated population and large higher education industry, student-loan debt is an important economic policy…

  19. Student Borrowing in America: Metrics, Demographics, Default Aversion Strategies

    ERIC Educational Resources Information Center

    Kesterman, Frank

    2006-01-01

    The use of Cohort Default Rate (CDR) as the primary measure of student loan defaults among undergraduates was investigated. The study used data extracted from the National Student Loan Data System (NSLDS), quantitative analysis of Likert-scale survey responses from 153 student financial aid professionals on proposed changes to present metrics and…

  20. The Effect of the Government-Subsidized Student Loan Program on College Students in China

    ERIC Educational Resources Information Center

    Cheng, Baoyan

    2011-01-01

    Using an original dataset collected at a Chinese university and adopting a difference-in-differences research design, this study draws causal inferences regarding the effect of the Government-Subsidized Student Loan Program (GSSLP) on financially needy students at Chinese higher education institutions. Specifically, this study finds that the…

  1. Financially At-Risk College Students: An Exploratory Investigation of Student Loan Debt and Prioritization of Debt Repayment

    ERIC Educational Resources Information Center

    Pinto, Mary Beth; Mansfield, Phylis M.

    2006-01-01

    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…

  2. 77 FR 38784 - Notice of Proposed Information Collection Requests; Federal Student Aid; Federal Perkins Loan...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-29

    ...; Federal Perkins Loan Program/NDSL Assignment Form SUMMARY: The Federal Perkins Loan Program allows for... exhausted all of its efforts in recovering an outstanding loan. The Perkins Assignment Form serves as the... to this notice will be considered public records. Title of Collection: Federal Perkins Loan Program...

  3. An Exclusive Interview with William D. Ford, Chairman of the House Subcommittee on Postsecondary Education, D-Michigan.

    ERIC Educational Resources Information Center

    Career Training, 1986

    1986-01-01

    Consists of background information on and an interview with United States Representative William D. Ford, a Democrat from Michigan. Topics discussed include private technical schools, public funding of training, high-risk students, the student loan default rate issue, and accountability. (CH)

  4. Handbook for Student Assistants of New Mexico Tech Library.

    ERIC Educational Resources Information Center

    New Mexico Inst. of Mining and Technology, Socorro.

    Designed to be used in conjunction with a departmental operations manual, this guide for student assistants in the New Mexico Institute of Mining and Technology Library provides basic information about the library as a whole. Topics covered by the guide are: (1) library departments, including reference services, interlibrary loan, technical…

  5. Financial Audit: Guaranteed Student Loan Program's Internal Controls and Structure Need Improvement. Report to the Congress.

    ERIC Educational Resources Information Center

    Wurtz, Donald R.; And Others

    An evaluative study was done of the Department of Education's system of internal accounting controls over the Federal Family Education Loan Program, known as the guaranteed student loan program. The study evaluated internal control systems, the structure of the program with respect to the role of guaranty agencies, and the Department's ability to…

  6. Student Loans and Foreign Schools: Assessing Risks Could Help Education Reduce Program Vulnerability. Report to Congressional Addressees.

    ERIC Educational Resources Information Center

    Ashby, Cornelia M.

    Recent events have increased concerns about the potential for fraud in student loan programs related to loans for U.S. residents attending foreign schools. In 2002 the Office of Special Investigations of the General Accounting Office (GAO) created a fictitious foreign school that the Department of Education subsequently certified as eligible to…

  7. Financial Aid for Students Workbook, 1994-95 School Year = Ayuda Financiera para Estudiantes, Libreta del Ano Escolar 1994-95.

    ERIC Educational Resources Information Center

    California Student Aid Commission, Sacramento.

    Presented in both English and Spanish language formats, this workbook explains how California residents can qualify for and obtain student financial aid in the form of federal and state grants and loans, work-study programs, institutional grants, federal campus-based programs, and the Federal Family Education Loan Program loans. A calendar of…

  8. Understanding Loan Aversion in Education: Evidence from High School Seniors, Community College Students, and Adults. CEPA Working Paper No. 16-15

    ERIC Educational Resources Information Center

    Boatman, Angela; Evans, Brent; Soliz, Adela

    2016-01-01

    Student loans are a crucial aspect of financing a college education for millions of Americans, yet we have surprisingly little empirical evidence concerning individuals' unwillingness to borrow money for educational purposes. This study provides the first large-scale quantitative evidence of levels of loan aversion in the United States. Using…

  9. Financial Management: Education's Student Loan Program Controls over Lenders Need Improvement. Report to the Secretary of Education.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC.

    This report presents the results of a U.S. General Accounting Office (GAO) review of lender and Department of Education controls over the accuracy of lender-submitted quarterly billings under the Federal Family Education Loan Program, also known as the guaranteed student loan program. It reports that both lenders and the Department of Education…

  10. 34 CFR 668.35 - Student debts under the HEA and to the U.S.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... Federal Perkins Loan Program, or under a title IV, HEA grant program, may nevertheless be eligible to... for a FSEOG or LEAP overpayment or Federal Perkins loan overpayment received in an award year if the... grant or Federal Perkins loan, is not considered to be in default or owe an overpayment if the student...

  11. 34 CFR 668.35 - Student debts under the HEA and to the U.S.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... Federal Perkins Loan Program, or under a title IV, HEA grant program, may nevertheless be eligible to... for a FSEOG or LEAP overpayment or Federal Perkins loan overpayment received in an award year if the... grant or Federal Perkins loan, is not considered to be in default or owe an overpayment if the student...

  12. Participating in the Direct Student Loan Program: Tips for Success.

    ERIC Educational Resources Information Center

    Macro International, Inc., Calverton, MD.

    This guide provides information for schools considering whether to participate in the Federal Direct Student Loan Program, and it offers advice on how to plan for and operate the loan program at an individual school. The information in the guide is presented in a way that follows the steps that need to be taken in planning and implementing the…

  13. Financial Problems in the Stafford Student Loan Program. Testimony before the Committee on Banking, Housing and Urban Affairs, United States Senate.

    ERIC Educational Resources Information Center

    Frazier, Franklin

    This statement of the Director of Education and Employment Issues of the General Accounting Office's Human Resources Division discusses how the Stafford Student Loan program works, the growth in loans guaranteed and defaulted, and the concerns surrounding the financial problems being experienced by the Higher Education Assistance Foundation…

  14. The Financial Implications of No-Loan Policies at Private Elite Liberal Arts Colleges

    ERIC Educational Resources Information Center

    Braxton, Symeon O.

    2017-01-01

    Today 17 elite private colleges in the U.S. have offered no-loan policies, which replace student loans with grants, scholarships and/or work-study in the financial aid packages awarded to all undergraduate students eligible for financial aid. Generally, the goal of these policies is to increase the socioeconomic diversity of campuses and to reduce…

  15. The Second Annual Report of the Student Loan Marketing Association to the Congress of the United States.

    ERIC Educational Resources Information Center

    Student Loan Marketing Association, Washington, DC.

    The Student Loan Marketing Association ("Sallie Mae") is a government sponsored, private, for profit corporation, created in June 23, 1972, by the enactment of Section 439 of the Higher Education Act of 1965, as amended. Sallie Mae provides liquidity to commercial banks, savings and loan associations, mutual savings banks, credit unions,…

  16. 76 FR 58021 - Agency Information Collection Activities: Proposed Collection: Comment Request

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-19

    ... of automated collection techniques or other forms of information technology. Proposed Project: Health Professions Student Loan (HPSL) Program and Nursing Student Loan (NSL) Program Administrative Requirements (Regulations and Policy) (OMB No. 0915-0047)--[Extension] The regulations for the Health Professions Student...

  17. Repayment of Student Loans as of 2015 among 1995-96 and 2003-04 First-Time Beginning Students. First Look. NCES 2018-410

    ERIC Educational Resources Information Center

    Woo, Jennie H.; Bentz, Alexander H.; Lew, Stephen; Velez, Erin Dunlop; Smith, Nichole

    2017-01-01

    This "First Look" report presents selected findings about the repayment of federal student loans using data from the 2015 Federal Student Aid Supplements to two Beginning Postsecondary Students Longitudinal Studies (BPS) administered by the National Center for Education Statistics (NCES). The report examines two cohorts of borrowers:…

  18. 42 CFR 57.1505 - Approval of applications.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Loan Guarantees and Interest Subsidies to Assist in Construction of Teaching Facilities for Health Profession... loan, whichever is longer or in the case of interim facilities, the term of the guaranteed loan, and (2...

  19. 42 CFR 57.1513 - Repayment.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Loan Guarantees and Interest Subsidies... of principal and interest, sufficient to amortize the loan through the final year of the life of the...

  20. Direct Lending Works.

    ERIC Educational Resources Information Center

    Riley, Richard W.

    1997-01-01

    In its third year, direct lending is working well for college students and administration. It is a simpler, faster, more efficient way of getting loan funds to students that cuts out financial middlemen. It helps students manage their finances better when repaying loans, promotes competition, stimulates program innovation, leads to greater…

  1. Student Financial Aid. High-Risk Series.

    ERIC Educational Resources Information Center

    Comptroller General of the U.S., Washington, DC.

    This publication discusses areas of concern in the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan Program (FFELP), the Federal Direct Student Loan Program (FDSLP), and the Federal Pell Grant Programs. The General Accounting Office determined that, in…

  2. The Role of Market Forces in Providing Student Loans.

    ERIC Educational Resources Information Center

    Burd, Stephen

    2000-01-01

    Discusses issues addressed by a Congessionally mandated panel to identify and evaluate options for infusing market forces into the student loan program. Notes possible advantages. Conflicting views of the panel's student representatives, college administrators, and lenders are reported concerning reductions of lenders' profits, removal of…

  3. Testimony: Combating the Student Loan Burden

    ERIC Educational Resources Information Center

    Helmcamp, Leslie

    2012-01-01

    The Center for Public Policy Priorities (CPPP) provides written testimony on the Senate Higher Education Committee interim charges exploring student financial aid and the issue of student loan debt Texas institutions of higher education. This paper highlights recommendations for strengthening and improving the financial aid system in Texas to…

  4. Regulation of Colleges and Universities Under the Guaranteed Student Loan Program

    ERIC Educational Resources Information Center

    Jenkins, Harold B.

    1976-01-01

    As the Guaranteed Student Loan Program became a necessity for a substantial portion of students at many schools, statutory provisions were revised authorizing the Office of Education (OE) to regulate institutions participating in the program. Implications of this regulatory responsibility are discussed. (LBH)

  5. Student Loan Defaults in Texas: Yesterday, Today, and Tomorrow.

    ERIC Educational Resources Information Center

    Webster, Jeff; Meyer, Don; Arnold, Adreinne

    In 1988, the Texas student aid community addressed the issue of defaults in the guaranteed student loan program, creating a strategic default initiative. In June 1998, this same group of student aid officials met again to examine the current status of defaults and to share ideas on ways to prevent defaults. This report was intended as a resource…

  6. Federal-Loan Changes May Curb Graduate Study

    ERIC Educational Resources Information Center

    Patton, Stacey

    2012-01-01

    As the nation's student-loan debt surpasses the $1-trillion mark, alarming students, parents, and politicians, few are thinking about the effects it is having on people like Michael J. Trivette, a 28-year-old graduate student in higher education at the University of Georgia. Two-thirds of Ph.D. and other doctoral students and nearly three-quarters…

  7. College Scholarship Service Colloquium on Student Loan Counseling & Debt Management. Proceedings (Denver, Colorado, December 2-4, 1985).

    ERIC Educational Resources Information Center

    College Entrance Examination Board, New York, NY. Coll. Scholarship Service.

    Student loan counseling and debt management are discussed in three papers, six commentaries, and a panel discussion from a College Scholarship Service colloquium. In "Fulfilling the Institution's Responsibilities to Student Borrowers," Theodore J. Marchese discusses a shift in student financial aid marked by the ascendency of loans…

  8. Playing the Numbers: The Best Bad Option

    ERIC Educational Resources Information Center

    Doyle, William R.

    2012-01-01

    College graduates and current students are swimming in a sea of debt. As of this writing, the total amount of outstanding student loan debt has been estimated at $960 billion. The Occupy Student Debt movement, inspired by Occupy Wall Street, has suggested that all student loan debt should be forgiven. As a starting point, members of the movement…

  9. Information Use and Attention Deferment in College Student Loan Decisions: Evidence from a Debt Letter Experiment

    ERIC Educational Resources Information Center

    Darolia, Rajeev; Harper, Casandra

    2018-01-01

    A prominent concern is that college students are harming their long-term economic prospects by making student loan decisions without full information about the implications of their choices. We designed an experiment to examine students' responses to a debt letter, an increasingly popular strategy to provide easily accessible information about…

  10. 77 FR 45592 - Notice of Submission for OMB Review; Federal Student Aid; Federal Perkins Loan Program Master...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-01

    ... loans for eligible students to pay the costs of a student's attendance at an eligible institution of... DEPARTMENT OF EDUCATION Notice of Submission for OMB Review; Federal Student Aid; Federal Perkins... technology. Please note that written comments received in response to this notice will be considered public...

  11. In Good Standing: "Helping Colleges Manage Student Default Rates"

    ERIC Educational Resources Information Center

    Boerner, Heather

    2014-01-01

    The U.S. Department of Education estimates that 20 percent of community college students default on their student loan obligations (compared with 14.7 percent of all student loan borrowers), and that number is rising. What can community college financial officers do to keep their default numbers low? In this article, Heather Boerner describes the…

  12. Student Debt and the Class of 2011

    ERIC Educational Resources Information Center

    Reed, Matthew; Cochrane, Debbie

    2012-01-01

    Student Debt and the Class of 2011 is the seventh annual report on the cumulative student loan debt of recent graduates from four-year public and private nonprofit colleges. The authors' analysis found that the debt levels of students who graduate with loans continued to rise, with considerable variation among states as well as among colleges. The…

  13. Senate Panel Votes to Cut Lender Subsidies and Increase Student Aid

    ERIC Educational Resources Information Center

    Field, Kelly

    2007-01-01

    The Senate education committee approved a pair of bills that would reduce government subsidies to student-loan companies, increase student aid, and set higher-education policy for the next five years. The Senate's budget-reconciliation measure would use the savings derived from reducing subsidies to student-loan companies to pay down a portion of…

  14. Characteristics of Student Loan Defaulters among Different Racial and Ethnic Groups. AIR 1995 Annual Forum Paper.

    ERIC Educational Resources Information Center

    Volkwein, J. Fredericks; And Others

    This study examined the characteristics of students who default on their student loans and compared default among Whites, Asians, African Americans, Hispanics, and Native Americans. Four logistic regression models were developed using information from the National Post-Secondary Student Aid Study which contains an array of pre-college, college,…

  15. Divided by Loyalty: The Debate Regarding Loyalty Provisions in the National Defense Education Act of 1958

    ERIC Educational Resources Information Center

    Maher, Brent D.

    2016-01-01

    The National Defense Education Act (NDEA) of 1958 was the first federal investment in low-interest student loans and became a precedent for expansion of student loans in the Higher Education Act of 1965. In its controversial loyalty provisions, the NDEA required loan recipients to affirm loyalty to the U.S. government. Between 1958 and 1962,…

  16. Student Loans: Federal Web-Based Tool on Private Loans Would Pose Implementation Challenges and May Be Unnecessary. Report to Congressional Committees. GAO-10-990

    ERIC Educational Resources Information Center

    Scott, George A.

    2010-01-01

    In this report, the author and his colleagues respond to a mandate in the Higher Education Opportunity Act requiring GAO (Government Accountability Office) to study the feasibility of developing a national clearinghouse of federal and private student loans on the Department of Education's (Education) Web site. They addressed the following…

  17. Federal Student Loan Programs: Opportunities Exist to Improve Audit Requirements and Oversight Procedures. Report to Congressional Committees. GAO-10-668

    ERIC Educational Resources Information Center

    Daly, Kay L.

    2010-01-01

    The Higher Education Opportunity Act of 2008, Pub. L. No. 110-315, mandated GAO (Government Accountability Office) to study the financial and compliance audits and reviews required or conducted for the Federal Family Education Loan (FFEL) program and the Federal Direct Student Loan (DL) program. The Department of Education's (Education) Office of…

  18. 34 CFR 682.603 - Certification by a participating school in connection with a loan application.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... of a parent borrower, the student for whom the loan is intended, is complete and accurate. Except as provided in 34 CFR part 668, subpart E, a school may rely in good faith upon statements made by the borrower and, in the case of a parent borrower of a PLUS loan, the student and the parent borrower. (b) The...

  19. The Use of Private Student Loans at High-Cost Postsecondary Education Institutions in Academic Year 1997-98.

    ERIC Educational Resources Information Center

    Redd, Kenneth E.

    This study examined the use of private education loans at high-cost private colleges and universities. Responses were received from 100 of the 381 institutions who reported undergraduate tuition and fees, or professional school tuition and fees, of $14,000 or higher in 1996-1997. It was found that on most campuses private student loans play a…

  20. Financing physical therapy doctoral education: methods used by entry-level students and the financial impact after graduation.

    PubMed

    Thompson, Kris; Coon, Jill; Handford, Leandrea

    2011-01-01

    With the move to the doctor of physical therapy (DPT) degree and increasing tuition costs, there is concern about financing entry-level education. The purposes of this study were to identify how students finance their DPT education and to describe the financial impact after graduation. A written survey was used to collect data on financing DPT education, student debt, and the financial impact on graduates. There were 92 subjects who had graduated from one program. Frequencies as well as nonparametric statistics using cross-tabulations and chi-squared statistics were calculated. The response rate was 55%. Of the respondents, 86% had student loans, 66% worked during school, 57% received some family assistance, and 21% had some scholarship support. The amount of monthly loan repayment was not statistically related to the ability to save for a house, the ability to obtain a loan for a house or car, or the decision to have children. Saving for the future (p = 0.016) and lifestyle choices (p = 0.035) were related to the amount of monthly loan repayment. Major sources of funding were student loans, employment income, and/or family assistance. Respondent's ability to save for the future and lifestyle choices were negatively impacted when loan debt increased. Physical therapist education programs should consider offering debt planning and counseling.

  1. Can Student Loans Improve Accessibility to Higher Education and Student Performance? An Impact Study of the Case of SOFES, Mexico. World Bank Policy Research Working Paper 3425

    ERIC Educational Resources Information Center

    Canton, Erik; Blom, Andreas

    2004-01-01

    Financial aid to students in tertiary education can contribute to human capital accumulation through two channels: increased enrollment and improved student performance. We analyze the quantitative importance of both channels in the context of a student loan program "Sociedad de Fomento a la Educacion, Superior" (SOFES) implemented at…

  2. Lowering Student Loan Default Rates: What One Consortium of Historically Black Institutions Did to Succeed. Education Sector Reports

    ERIC Educational Resources Information Center

    Dillon, Erin; Smiles, Robin V.

    2010-01-01

    Colleges across the nation are struggling to confront a growing problem in higher education: student debt. As more students borrow more money than ever before, and recent graduates enter the worst job market in a generation, students are increasingly unable to pay back their loans. This report discusses the growing problem of students defaulting…

  3. Student Loans for Higher Education

    ERIC Educational Resources Information Center

    Simons, Charlene Wear

    2008-01-01

    Student loans are a rapidly growing $85 billion a year industry fueled by the substantial higher economic returns associated with a college education, increased demand from students and their parents, and grant and scholarship funds that have not kept pace with rising school tuition and fees. This report describes federally subsidized and…

  4. Cohort Default Rates in Context

    ERIC Educational Resources Information Center

    Looney, Shannon M.

    2011-01-01

    Burgeoning student loan debt indicates problems not only for the country's borrowers but also for the postsecondary system. The rise in student loan defaults signifies a rise in institutional cohort default rates (CDRs)--a measure of accountability that informs the government and the general public how well an institution prepares its students for…

  5. 34 CFR 673.5 - Overaward.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... Programs. An institution may only award or disburse a Federal Perkins loan or an FSEOG to a student if that loan or the FSEOG, combined with the other estimated financial assistance the student receives, does not exceed the student's financial need. (2) FWS Program. An institution may only award FWS employment...

  6. 34 CFR 673.5 - Overaward.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... Programs. An institution may only award or disburse a Federal Perkins loan or an FSEOG to a student if that loan or the FSEOG, combined with the other estimated financial assistance the student receives, does not exceed the student's financial need. (2) FWS Program. An institution may only award FWS employment...

  7. 34 CFR 673.5 - Overaward.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... Programs. An institution may only award or disburse a Federal Perkins loan or an FSEOG to a student if that loan or the FSEOG, combined with the other estimated financial assistance the student receives, does not exceed the student's financial need. (2) FWS Program. An institution may only award FWS employment...

  8. Students and Social Security Benefits.

    ERIC Educational Resources Information Center

    Stephens, Mark

    1990-01-01

    Since publication of the British government's white paper, "Top-up Loans for Students" in November 1988, public debate has been confined to loan proposal merits. A proposal to exclude full-time college students from the social security system has been neglected. This article examines the proposal's rationale and its implications for…

  9. Three Essays in Applied Microeconomics

    ERIC Educational Resources Information Center

    Akers, Elizabeth J.

    2012-01-01

    In the first chapter, I measure the impact of student loan debt on young, college-educated workers' decisions regarding labor supply and enrollment in graduate school. I exploit variation in student loan debt driven by the formulas that determine Federal Student Aid in order to identify these effects. Instrumental variable estimates indicate…

  10. 75 FR 51395 - AmeriCorps National Service Program

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-20

    ... members, nearly 500,000 Senior Corps volunteers, 1.5 million Learn and Serve America students, and three... eligible for the payment of accrued interest on qualified student loans; Amends the amount of a full-time... education awards: to repay qualified student loans, to pay for current educational expenses at an...

  11. Making Loans Work: How Community Colleges Support Responsible Borrowing

    ERIC Educational Resources Information Center

    Burdman, Pamela

    2012-01-01

    To ensure that students have access to the full range of financial aid they may need to succeed, colleges must be able to confidently and responsibly offer federal student loans. The Institute for College Access & Success (TICAS) and the California Community Colleges Student Financial Aid Administrators' Association (CCCSFAAA) support…

  12. Arts Students in Debt: Concerns, Consequences, and Interventions

    ERIC Educational Resources Information Center

    White, Jason C.

    2016-01-01

    While there are many educational and experiential benefits to attending professional higher arts education programs, students who incur excessive student loan debt during their studies may experience unanticipated or poor professional outcomes either over the course of their artistic careers, shortly after the expiration of a loan grace period, or…

  13. 42 CFR 57.207 - Maximum amount of health professions student loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Maximum amount of health professions student loans. 57.207 Section 57.207 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT...

  14. Strengthening the Federal Student Loan Program for Borrowers. Hearing of the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Thirteenth Congress, Second Session on Examining Strengthening the Federal Student Loan Program for Borrowers (March 27, 2014). Senate Hearing 113-829

    ERIC Educational Resources Information Center

    US Senate, 2016

    2016-01-01

    This hearing represents the eighth in the series of Committee on Health, Education, Labor, and Pensions' hearings preparing to reauthorize the Higher Education Act. The primary focus of this hearing is strengthening Federal loan programs to ensure they are working well for students and families. Statements from the following committee members are…

  15. Building New Partnerships--Museums, Universities, and Schools: A "Rocks and Minerals" Thematic Loan Kit.

    ERIC Educational Resources Information Center

    O'Brien, George E.; And Others

    Ten activities that feature a hands-on, student inquiry-based investigatory approach to rocks and minerals are presented. "Guided discovery" and/or inquiry instructional strategies are emphasized. They focus on a student-centered active classroom. Each activity includes the heading, science content, the scientific process skills, objective or…

  16. Third Annual Report of the Advisory Council on Financial Aid to Students.

    ERIC Educational Resources Information Center

    Bureau of Postsecondary Education (DHEW/OE), Washington, DC.

    The council's recommendations for 1977 for college-based financial aid programs and for the guaranteed student loan program are both summarized and explained, and the progress of financial aid programs in 1976-77 is reviewed. The latter review includes the training of aid administrators, aid application simplification, regulations and guidelines,…

  17. What Are Student Loan Borrowers Thinking? Insights from Focus Groups on College Selection and Student Loan Decision Making

    ERIC Educational Resources Information Center

    Johnson, Carrie L.; O'Neill, Barbara; Worthy, Sheri Lokken; Lown, Jean M.; Bowen, Cathy F.

    2016-01-01

    This study used data from online focus groups collected from November 2014 to April 2015 to understand college students' decision-making processes when borrowing money to finance their education. Data were collected using an online course management system. Results suggest that (a) students relied heavily on advice from parents, guidance…

  18. Student Loan Debt for Community College Transfer Students and How Debt Information Letters Impact Future Borrowing Decisions

    ERIC Educational Resources Information Center

    Mckinney, Kenneth Paul

    2017-01-01

    There has been a proliferation of student loan debt over the past decade. The indebtedness that students incur while attending college reduces their discretionary income once they enter repayment after graduation. For graduates, there is an opportunity cost along with personal and professional life decisions being made based on this debt. For…

  19. States of Denial: Where Community College Students Lack Access to Federal Student Loans

    ERIC Educational Resources Information Center

    Cochrane, Debbie; Szabo-Kubitz, Laura

    2016-01-01

    Every year, millions of college students borrow money to help bridge the gap between college costs and available income, savings, and grants. Experts agree that, for those who need to borrow to pay for college, federal student loans are the safest and most affordable option. Unfortunately, some colleges choose not to participate in the federal…

  20. Borrowing at the Maximum: Undergraduate Stafford Loan Borrowers in 2007-08. Stats in Brief. NCES 2012-161

    ERIC Educational Resources Information Center

    Wei, Christina Chang; Skomsvold, Paul

    2011-01-01

    Using data from the 2007-08 National Postsecondary Student Aid Study (NPSAS:08), this Statistics in Brief examines the extent to which undergraduate students borrow the maximum possible within the limits of the Stafford loan program (the program maximum) and their own financial need and student budgets (the individual maximum). Students who…

  1. Student Loans: A Slippery Lifeline.

    ERIC Educational Resources Information Center

    Bollag, Burton

    2001-01-01

    Discusses how, as more countries have instituted or increased tuition, student loans have spread. But the programs are a flop in much of the world, raising fears that many low-income people will be shut out of higher education. (EV)

  2. 34 CFR 600.2 - Definitions.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... an amount of work represented in intended learning outcomes and verified by evidence of student..., microwave, broadband lines, fiber optics, satellite, or wireless communications devices; (3) Audio... Loan, Federal PLUS, Federal Supplemental Loans for Students (Federal SLS), and Federal Consolidation...

  3. 34 CFR 600.2 - Definitions.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... an amount of work represented in intended learning outcomes and verified by evidence of student..., microwave, broadband lines, fiber optics, satellite, or wireless communications devices; (3) Audio... Loan, Federal PLUS, Federal Supplemental Loans for Students (Federal SLS), and Federal Consolidation...

  4. 34 CFR 600.2 - Definitions.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... an amount of work represented in intended learning outcomes and verified by evidence of student..., microwave, broadband lines, fiber optics, satellite, or wireless communications devices; (3) Audio... Loan, Federal PLUS, Federal Supplemental Loans for Students (Federal SLS), and Federal Consolidation...

  5. 34 CFR 668.165 - Notices and authorizations.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... student's account at the institution with Direct Loan, FFEL, Federal Perkins Loan, or TEACH Grant Program... disbursement TEACH Grant, or TEACH Grant disbursement and have the loan proceeds returned to the holder of that loan, the TEACH Grant proceeds returned to the Secretary. However, if the institution releases a check...

  6. 34 CFR 668.165 - Notices and authorizations.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... student's account at the institution with Direct Loan, FFEL, Federal Perkins Loan, or TEACH Grant Program... disbursement TEACH Grant, or TEACH Grant disbursement and have the loan proceeds returned to the holder of that loan, the TEACH Grant proceeds returned to the Secretary. However, if the institution releases a check...

  7. 34 CFR 668.165 - Notices and authorizations.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... student's account at the institution with Direct Loan, FFEL, Federal Perkins Loan, or TEACH Grant Program... disbursement TEACH Grant, or TEACH Grant disbursement and have the loan proceeds returned to the holder of that loan, the TEACH Grant proceeds returned to the Secretary. However, if the institution releases a check...

  8. 34 CFR 668.165 - Notices and authorizations.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... student's account at the institution with Direct Loan, FFEL, Federal Perkins Loan, or TEACH Grant Program... disbursement TEACH Grant, or TEACH Grant disbursement and have the loan proceeds returned to the holder of that loan, the TEACH Grant proceeds returned to the Secretary. However, if the institution releases a check...

  9. 34 CFR 668.165 - Notices and authorizations.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... student's account at the institution with Direct Loan, FFEL, Federal Perkins Loan, or TEACH Grant Program... disbursement TEACH Grant, or TEACH Grant disbursement and have the loan proceeds returned to the holder of that loan, the TEACH Grant proceeds returned to the Secretary. However, if the institution releases a check...

  10. 34 CFR 682.508 - Assignment of a loan.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Assignment of a loan. 682.508 Section 682.508 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM Federal Guaranteed Student Loan Programs...

  11. 77 FR 42085 - Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-17

    ... cohorts. Chart 1--Summary of the Proposed Regulations Issue and key features Benefits Cost/transfers... focus on issues related to streamlining institutional reporting requirements and proposed regulations... committee (the ``Loans Committee'') would address Federal student loan issues. The regulations considered by...

  12. Pharmacy Students' Attitudes Toward Debt.

    PubMed

    Park, Taehwan; Yusuf, Akeem A; Hadsall, Ronald S

    2015-05-25

    To examine pharmacy students' attitudes toward debt. Two hundred thirteen pharmacy students at the University of Minnesota were surveyed using items designed to assess attitudes toward debt. Factor analysis was performed to identify common themes. Subgroup analysis was performed to examine whether students' debt-tolerant attitudes varied according to their demographic characteristics, past loan experience, monthly income, and workload. Principal component extraction with varimax rotation identified 3 factor themes accounting for 49.0% of the total variance: tolerant attitudes toward debt (23.5%); contemplation and knowledge about loans (14.3%); and fear of debt (11.2%). Tolerant attitudes toward debt were higher if students were white or if they had had past loan experience. These 3 themes in students' attitudes toward debt were consistent with those identified in previous research. Pharmacy schools should consider providing a structured financial education to improve student management of debt.

  13. Student Debt and the Class of 2009

    ERIC Educational Resources Information Center

    Cheng, Diane; Reed, Matthew

    2010-01-01

    This paper is the fifth annual report on the cumulative student loan debt of recent graduates from public and private nonprofit colleges. This analysis of the latest available data found that the debt levels of students who graduate with loans continued to rise, with considerable variation among states as well as among colleges. This report…

  14. 78 FR 22252 - Agency Information Collection Activities; Comment Request; FFEL/Direct Loan/Perkins Military...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-15

    ...; Comment Request; FFEL/ Direct Loan/Perkins Military Service Deferment/Post-Active Duty Student Deferment... Deferment/Post-Active Duty Student Deferment Request & SCRA Request. OMB Control Number: 1845-0080. Type of...: 9,177. Abstract: The Military Service/Post-Active Duty Student Deferment request form serves as the...

  15. The Effect of Loans on the Persistence and Attainment of Community College Students

    ERIC Educational Resources Information Center

    Dowd, Alicia C.; Coury, Tarek

    2006-01-01

    This study informs public policies regarding the use of subsidized loans as financial aid for community college students. Using logistic regression, it analyzes the National Center for Education Statistics' Beginning Postsecondary Students (BPS 90/94) data to predict persistence to the second year of college and associate's degree attainment over…

  16. What the Federal Government Owes Student Borrowers

    ERIC Educational Resources Information Center

    Combe, Paul

    2009-01-01

    This nation's federal student-loan system has reached a tipping point that, with the new leadership in Washington, offers a rare opportunity to create real change. To create a more consumer-focused student-loan program with both public and private capital, the Education Department, lenders, colleges in both programs, guarantors, and others should…

  17. The Rise of the Student as a Consumer of Education

    ERIC Educational Resources Information Center

    Shahdad, Moe

    2014-01-01

    Data from the US Department of Education (2012) indicates that college education has become an expensive investment to the extent that an increasing number of students cannot pay for it, as they default on their loans. Student loan default rate have increased from 4.6% in 2005 to 9.1% in 2010.

  18. Study of the Special Allowance Formula of the Guaranteed Student Loan Program. Report No. 4.

    ERIC Educational Resources Information Center

    National Commission on Student Financial Assistance, Washington, DC.

    The special allowance component of the Guaranteed Student Loan (GSL) program was evaluated through research and hearings. Attention was directed to: the experiences of students and eligible lenders; the administrative costs of various types of eligible lenders; financial indicators that accurately reflect the costs of capital; and administrative…

  19. Student-Loan Inquiry Expands to Examine Issues of Race

    ERIC Educational Resources Information Center

    Basken, Paul

    2007-01-01

    Federal and state officials investigating the student-loan industry are turning their attention to matters of race, hoping to protect students of the nation's historically black colleges. But the colleges themselves are not sure they want the help. New York's attorney general, Andrew M. Cuomo, and the chairman of the U.S. House education…

  20. 42 CFR 60.51 - The student loan application.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... school may request that the student provide a certified copy of his or her birth certificate, his or her... 42 Public Health 1 2011-10-01 2011-10-01 false The student loan application. 60.51 Section 60.51 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS HEALTH EDUCATION...

  1. 42 CFR 60.51 - The student loan application.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... school may request that the student provide a certified copy of his or her birth certificate, his or her... 42 Public Health 1 2012-10-01 2012-10-01 false The student loan application. 60.51 Section 60.51 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS HEALTH EDUCATION...

  2. 42 CFR 60.51 - The student loan application.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... school may request that the student provide a certified copy of his or her birth certificate, his or her... 42 Public Health 1 2014-10-01 2014-10-01 false The student loan application. 60.51 Section 60.51 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS HEALTH EDUCATION...

  3. 42 CFR 60.51 - The student loan application.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... school may request that the student provide a certified copy of his or her birth certificate, his or her... 42 Public Health 1 2010-10-01 2010-10-01 false The student loan application. 60.51 Section 60.51 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS HEALTH EDUCATION...

  4. 42 CFR 60.51 - The student loan application.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... school may request that the student provide a certified copy of his or her birth certificate, his or her... 42 Public Health 1 2013-10-01 2013-10-01 false The student loan application. 60.51 Section 60.51 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS HEALTH EDUCATION...

  5. Student Debt and the Class of 2010

    ERIC Educational Resources Information Center

    Reed, Matthew

    2011-01-01

    This paper is the sixth annual report on the cumulative student loan debt of recent graduates from four-year public and private nonprofit colleges. This analysis found that the debt levels of students who graduate with loans continued to rise, with considerable variation among states as well as among colleges. This paper estimates that two-thirds…

  6. Report of the NASFAA Task Force on Student Loan Indebtedness

    ERIC Educational Resources Information Center

    National Association of Student Financial Aid Administrators, 2013

    2013-01-01

    In light of increasing concern about student loans, debt levels, and rising default rates, which coincide with worries about college costs, affordability, and transparency, the National Association of Student Financial Aid Administrators (NASFAA) convened a task force in 2012 to study this issue and make recommendations for improvement. NASFAA's…

  7. The Smart Approach to Student Loans and Consumer Debt.

    ERIC Educational Resources Information Center

    Missouri State Dept. of Higher Education, Jefferson City.

    This brochure contains information about student loans for college applicants and students in Missouri. It is a resource to assist borrowers in making smart repayment decisions and in understanding the options to avoid delinquency and default. Things to consider before one borrows, how to increase one's resources, and how to decrease one's…

  8. Decreasing Your Student Loan Cohort Default Rate: Leading a College-Wide Change Initiative at Mohave Community College

    ERIC Educational Resources Information Center

    Charles, Kayla D.; Sheaff, Shannon; Woods, Jann; Downey, Lisa

    2016-01-01

    Burgeoning student debt and the ability of programs to adequately prepare students for jobs that will allow them to repay that debt comprise a topic of great interest in the current higher education policy environment. A key accountability measure used by the Department of Education for more than two decades has been the student loan cohort…

  9. 34 CFR 668.22 - Treatment of title IV funds when a student withdraws.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... paragraph (a)(5)(iii)(C) of this section, if the student or parent in the case of a parent PLUS loan, does... account. (C) If the student, or parent in the case of a parent PLUS loan, submits a timely response that... date in accordance with paragraph (b)(1) of this section for those students. (c) Withdrawal date for a...

  10. Does PLUS Push? A Multilevel Analysis of the Relationship between PLUS Loans and Persistence for Low-Income Students

    ERIC Educational Resources Information Center

    McClure, Tracae M.

    2017-01-01

    Given the growth of the PLUS loan program and its increasing importance in facilitating college access for many students, makes it critical to better understand the relationship between this form of federal financial aid and student outcomes. Using data from the National Postsecondary Student Aid Study (NPSAS: 12), conducted by the U.S. Department…

  11. The Burden of Borrowing: A Report on the Rising Rates of Student Loan Debt. The State PIRGs' Higher Education Project.

    ERIC Educational Resources Information Center

    King, Tracey; Bannon, Ellynne

    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…

  12. Student Borrowing in the 1990s. ACE Issue Brief.

    ERIC Educational Resources Information Center

    American Council on Education, Washington, DC. Center for Policy Analysis.

    This brief discusses student borrowing to pay for college in the 1990s. Between 1990 and 2000, student loan volume more than doubled in real terms from $16.4 billion to $37.5 billion, and the number of loans made annually also more than doubled, from 4.5 million to 9.4 million. Data, primarily from the National Postsecondary Student Aid Study,…

  13. Student Loans. Direct Loans Could Save Billions in First 5 Years with Proper Implementation. Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Div. of Human Resources.

    This paper responds to a congressional request for more information concerning first, the potential cost savings from direct rather than guaranteed student loans and second, the ability of the Department of Education and postsecondary institutions to effectively manage a direct lending program. The report: (1) provides a more complete analysis of…

  14. Student Financial Aid. Schools' Experiences Using the National Student Loan Data System. Report to the Chairman, Subcommittee on Oversight and Investigations, Committee on Education and the Workforce, House of Representatives.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC. Health, Education, and Human Services Div.

    This report presents results of a survey of 600 postsecondary schools concerning their use of the National Student Loan Data System (NSLDS). NSLDS was developed to improve the quality and accessibility of student financial aid data, to reduce the burden on schools of administering the Department of Education's student financial aid programs, and…

  15. Medical student debt at the Christchurch School of Medicine. The New Zealand Wellbeing, Intentions, Debt and Experiences (WIDE) survey of medical students pilot study. Results part I.

    PubMed

    Gill, D; Palmer, C; Mulder, R; Wilkinson, T

    2001-10-26

    To determine the level and sources of medical student debt at the Christchurch School of Medicine. A questionnaire, The New Zealand Wellbeing, Intentions, Debt, and Experiences (WIDE) Survey of Medical Students, was developed and administered to all 204 medical students at the Christchurch School of Medicine and Health Sciences. Included were questions on student demographics, sources and levels of debt, parental financial support, and student perceptions of their debt. The response rate was 88%. International students, whose debt was with an overseas government, and students with mortgages were excluded from the data analysis. The combined total debt for the remaining 165 students was $7775000 with $6290000 (81%) owed to the Government Students Loans scheme. One quarter of 6th year medical students had a debt over $83250, 50% had a debt over $70000, and 75% had a debt over $50000. Student allowances were inaccessible to 64% of 4th and 5th year students and part-time employment during term-time was common. Lack of funds was reported to impair full participation in the medical course. The majority of medical students at the Christchurch School of Medicine accumulate high levels of debt, mainly dtrough the Government Student Loans scheme, during their medical training.

  16. The Hidden Costs of Direct Loans

    ERIC Educational Resources Information Center

    Bruns, Kevin

    2007-01-01

    For more than 40 years, student-loan providers have helped millions of American families achieve the kinds of dreams made possible by the best higher-education system in the world. Federal guaranteed loans, or loans made by individual lenders that are backed by the federal government, have made college more affordable by being the lowest-cost…

  17. 78 FR 5431 - Annual Notice of Interest Rates of Federal Student Loans Made Under the William D. Ford Federal...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-25

    ... DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the... amended, the Chief Operating Officer for Federal Student Aid announces the interest rates for the period... interest rates to the public. FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of Education, 830...

  18. Student Loan Debt: How Are the Funds Spent?

    ERIC Educational Resources Information Center

    Wilbert, Janet M.; Haddad, Mahmoud

    2014-01-01

    The purpose for this research is to investigate the spending patterns of undergraduate and graduate students in a Tennessee, four-year, public institution. The cost of attending a college or university is often cited as the source for student loan debt spiraling out of control. Not to marginalize the impact that increasing tuition, fees, and books…

  19. Is a Student Loan Crisis on the Horizon?

    ERIC Educational Resources Information Center

    Akers, Beth; Chingos, Matthew M.

    2014-01-01

    College tuition and student debt levels have been increasing at a fast pace for at least two decades. These well-documented trends, coupled with an economy weakened by a major recession, have raised serious questions about whether the market for student debt is headed for a crisis, with many borrowers unable to repay their loans and taxpayers…

  20. Who Defaults on Their Student Loan?

    ERIC Educational Resources Information Center

    Lee, John B.

    1990-01-01

    Introduces a risk index that provides a way to understand the human dimension of student loan defaults. It correlates with default and the type of school attended and relates to the amount borrowed and help received from others during repayment. Students with high risk scores borrow smaller amounts and are less likely to be helped by others. (JOW)

  1. Trends in Student Aid, 2016. Trends in Higher Education Series

    ERIC Educational Resources Information Center

    Baum, Sandy; Ma, Jennifer; Pender, Matea; Welch, Meredith

    2016-01-01

    Data on student aid for 2015-16 confirm that the dramatic increases in aid awarded in 2009-10 and 2010-11 were products of extreme economic circumstances, not harbingers of long-run changes in financing for postsecondary education. Both total federal education loans and federal loans per full-time equivalent (FTE) student declined for the fifth…

  2. Web Sites Face Hurdles in Promising Students Unbiased Loan-Rate Comparisons

    ERIC Educational Resources Information Center

    Basken, Paul

    2007-01-01

    Someday students seeking a college loan might go to a Web site, fill out a brief questionnaire, and get connected to the lender with the best possible rate. Such a system would bring cheer to students seeking straight answers, lenders seeking fair competition, and colleges seeking relief from investigations led by Attorney General Andrew M. Cuomo…

  3. Improving the Financial Aid Delivery Process and the Federal Family Education Loan Program: Program Recommendations.

    ERIC Educational Resources Information Center

    Coalition for Student Loan Reform, Washington, DC.

    This publication presents a set of eight recommended reforms and improvements for delivering financial aid to postsecondary students especially the Federal Family Education Loan Program (FFELP). The recommendations are: (1) make applying for student aid simpler for students; (2) assure the continued availability of a dependable, reliable source of…

  4. Student Debt and the Class of 2013

    ERIC Educational Resources Information Center

    Reed, Matthew; Cochrane, Debbie

    2014-01-01

    Student debt is still rising for bachelor's degree recipients. In 2013, seven in 10 (69%) graduating seniors at public and private nonprofit colleges had student loans. These borrowers owed an average of $28,400 in federal and private loans combined, up two percent compared to their peers in 2012. Debt at graduation varies greatly by state and by…

  5. Statistical Supplement to the Long-Range Planning for Texas Higher Education Report: Fiscal Year 1988, September 1, 1987-August 31, 1988.

    ERIC Educational Resources Information Center

    Texas Higher Education Coordinating Board, Austin.

    This databook contains information on student enrollments, faculty, semester credit hours, physical facilities, appropriations, and student loan and grant programs for Texas institutions of higher education, including public and independent two- and four-year colleges. The enrollment section provides five-year (1983-87) summaries of headcount…

  6. College Board Delegates Argue Controversies of the Day: Productivity and Paying for College.

    ERIC Educational Resources Information Center

    Evangelauf, Jean

    1987-01-01

    The annual meeting of the College Board focused on some of the most controversial issues facing higher education including: productivity, accountability, prepaid tuition plans, Guaranteed Student Loan (GSL) program, and one alternative to the G.S.L.--students could borrow from the government and then pay a higher Social Security tax. (MLW)

  7. Balancing Passion and Practicality: The Role of Debt and Major on Students' Financial Outcomes. Research Report

    ERIC Educational Resources Information Center

    TG (Texas Guaranteed Student Loan Corporation), 2012

    2012-01-01

    As the importance of a college degree climbs and federal and state grant funding remains inadequate, millions of students in the U.S. continue to take out student loans each year to help pay for their rising education costs. In October 2011, the total amount of outstanding student loan debt in the U.S. exceeded $1 trillion (Chopra, 2012),…

  8. Education Loans and Financing Higher Education in India: Addressing Equity

    ERIC Educational Resources Information Center

    Rani, P. Geetha

    2014-01-01

    The education loan programme since its inception has been rapidly growing both in terms of number of students who have taken education loans for pursuing higher education and the amount of education loans released. Nevertheless, these financing mechanisms of higher education do not appear to improve access and equity in the higher education system…

  9. States Create Low-Cost Loan Programs to Help Middle Class Pay for College.

    ERIC Educational Resources Information Center

    Blumenstyk, Goldie

    1990-01-01

    State low-interest college loans programs for middle-class families have emerged in response to restrictions on federally subsidized Stafford Loans. The key difference between federal and state programs is that most state programs require student borrowers and cosigners to prove good credit risks, reducing loan default and making the programs…

  10. 78 FR 28810 - Agency Information Collection Activities; Submission to the Office of Management and Budget for...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-16

    ..., Perkins and TEACH Grant Total and Permanent Disability Discharge Forms AGENCY: Federal Student Aid (FSA... notice will be considered public records. Title of Collection: Direct Loan, FFEL, Perkins and TEACH Grant... 1965, as amended, applies for discharge of his or her Direct Loan, FFEL, or Perkins loan program loans...

  11. Office of the Ombudsman.

    ERIC Educational Resources Information Center

    Office of Federal Student Aid (ED), Washington, DC.

    This pamphlet describes the Federal Student Aid Ombudsman, an impartial resource to help customers resolve student loan concerns when other approaches fail. The ombudsman helps resolve discrepancies in loan balances and payments, and helps customers understand interest and collection charges. The office helps resolve issues related to income tax…

  12. Changes to the Student Loan Experience: Psychological Predictors and Outcomes

    ERIC Educational Resources Information Center

    Mueller, Thomas

    2014-01-01

    This study builds on the work of scholars who have explored psychological perceptions of the student loan experience. Survey analysis ("N" = 175) revealed a multidimensional model was developed through factor analysis and testing, which revealed four latent variables: "Duress," "Mandatory," "Financial," and…

  13. 42 CFR 57.302 - Definitions.

    Code of Federal Regulations, 2013 CFR

    2013-10-01

    ... FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.302... constitutes a full-time academic workload, as determined by the school, leading to a diploma in nursing, an associate degree in nursing or an equivalent degree, a baccalaureate degree in nursing or an equivalent...

  14. 42 CFR 57.201 - Applicability.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Applicability. 57.201 Section 57.201 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Health Professions Student Loans § 57...

  15. 42 CFR 57.212 - [Reserved

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false [Reserved] 57.212 Section 57.212 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Health Professions Student Loans § 57...

  16. Banking Services, Business Education: 7713.15.

    ERIC Educational Resources Information Center

    Griffee, Alice

    This course in banking intends to give students an insight into the personal and business services that banks provide. It includes instruction on savings and checking accounts, loans, trusts, and safety deposit facilities. Also included are the performance objectives, five pages of an outline on course content, suggested teaching and learning…

  17. Student Loans and the Likelihood of Graduation: Evidence from Finnish Cohort Data

    ERIC Educational Resources Information Center

    Asplund, Rita; Abdelkarim, Oussama Ben; Skalli, Ali

    2009-01-01

    Most countries have experienced soaring enrolment rates into tertiary education. While this is beneficial both to involved students and to knowledge-based societies, it also makes the funding issue even more crucial than it is usually seen to be. This paper presents first results from an analysis of the effectiveness of student loans as a funding…

  18. Paying for Default: Change over Time in the Share of Federal Financial Aid Sent to Institutions with High Student Loan Default Rates

    ERIC Educational Resources Information Center

    Jaquette, Ozan; Hillman, Nicholas W.

    2015-01-01

    Both federal spending on financial aid and student loan default rates have increased over the past decade. These trends have intensified policymakers' concerns that some postsecondary institutions-- particularly in the for-profit sector--maximize revenue derived from federal financial aid without helping students to graduate or find employment.…

  19. Financial Aid at the Crossroads: Managing the Student Debt Crisis in Texas. Research Report

    ERIC Educational Resources Information Center

    Rice, Erin

    2013-01-01

    Over the last several years, the media, higher education researchers, and an increasing number of policymakers have pointed to the growing levels of individual and aggregate student loan debt in the United States. At approximately $1.2 trillion, outstanding student loans have surpassed credit cards as the second largest form of consumer debt in…

  20. Evaluating the Student Loan Fund of Thailand

    ERIC Educational Resources Information Center

    Tangkitvanich, Somkiat; Manasboonphempool, Areeya

    2010-01-01

    The Thai higher education sector has expanded quickly during the past decade, making a transition from an elitist to a mass institution. A driving force behind the expansion was believed to be the Student Loan Fund (SLF), introduced in 1996. During the first 10 years of its operation, the SLF has lent to more than 2.6 million students, with the…

  1. Exercising Their Privilege to Borrow: A Demonstrated Understanding of the Obligation of Student Loans in A Community College

    ERIC Educational Resources Information Center

    Meyer-Barrett, Joan M.

    2017-01-01

    The costs associated with attending a community college have increased over the years, not unlike most sectors within higher education (Mitchell & Leachman, 2015). As such, community college students often find borrowing student loans a necessity in order to seek the academic credential they intend (McKinney & Backscheider Burridge, 2015).…

  2. Still Denied: How Community Colleges Shortchange Students by Not Offering Federal Loans. Issue Brief

    ERIC Educational Resources Information Center

    Cochrane, Debbie; Szabo-Kubitz, Laura

    2011-01-01

    Each year, millions of college students borrow money to help bridge the gap between college costs and available income, savings, and grants. Experts all agree that, for those who need to borrow to pay for college, federal student loans are the safest and most affordable option. Unfortunately, some colleges choose not to participate in the federal…

  3. Debt and College Students' Life Transitions: The Effect of Educational Debt on Career Choice in America

    ERIC Educational Resources Information Center

    Choi, Yeseul

    2014-01-01

    This study reviewed the literature to investigate the impact of student loans on career choices, in order to provide implications for policy makers and researchers with respect to student loan policy. For this purpose, empirical studies in peer reviewed journals since 1985 were analyzed. This review explored the results of empirical studies…

  4. What Are the Consequences of the Newly Implemented 24+Advanced Learning Loans on Retention of Adult Access to Higher Education Students?

    ERIC Educational Resources Information Center

    Burns, Jane Marie; Slack, Kim

    2015-01-01

    This article discusses the previous literature on student retention in the post-compulsory education sector and the "24+Advanced Learning Loan". Adult students participating in an Access to Higher Education course are at particularly high risk of non-completion. Literature indicates that whilst stakeholders may require factual statistics…

  5. Sallie Mae Eyes Expansion beyond Its Charter.

    ERIC Educational Resources Information Center

    Zook, Jim

    1995-01-01

    The Student Loan Marketing Association (Sallie Mae) and the Clinton Administration are preparing legislation to transform the federally sponsored corporation into a private business but must negotiate complex political and financial issues. Destabilization of the private student-loan industry and conflict over direct-lending policies are central…

  6. Financial Scandals and Student Loans

    ERIC Educational Resources Information Center

    Eisenberg, Meyer; Franke, Ann H.

    2007-01-01

    The investigations of student-loan programs around the country echo previous scandals in the financial world involving stock offerings and mutual funds. The relationships between lenders and financial-aid officers seem to raise the same questions about impropriety, conflict of interest, and possible fraud. Indeed, lessons from Wall Street can…

  7. Regulations: Guaranteed Student Loan Program.

    ERIC Educational Resources Information Center

    1979

    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…

  8. 42 CFR 57.1510 - Security for loans.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Loan Guarantees and Interest Subsidies to Assist in Construction of Teaching Facilities for Health Profession Personnel § 57.1510... facility and site thereof. (b) Negotiable stocks or bonds of a quality and value acceptable to the...

  9. 34 CFR 668.61 - Recovery of funds.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... in which the institution disbursed Federal Pell Grant, ACG, National SMART Grant, Federal Perkins...-Study (FWS), Federal Perkins Loan, and Direct Subsidized Loan programs. Unsubsidized student financial...), the institution may not— (i) Disburse any Federal Pell Grant, FSEOG, or Federal Perkins Loan Program...

  10. Some State Loan Agencies Say They May Stay on the Sidelines This Year

    ERIC Educational Resources Information Center

    Kelderman, Eric

    2008-01-01

    Despite action by Congress and the Bush administration to shore up the student-loan industry, some state-authorized organizations say they may not return to the loan business this year, and others are cutting some of the borrower benefits and services they provide. Nine state loan agencies stopped issuing either new federally backed or new private…

  11. Effective Access Management of Reserve and Normal Loan Materials

    ERIC Educational Resources Information Center

    Leung, Yau-Ching

    2010-01-01

    Books are traditionally set aside at the request of teachers from the main, normal loan collection to be put on reserve temporarily for checking out for a much shorter loan period to ensure that, at the expense of convenient, long-term loans for other users, all the students enrolled in a course have an opportunity to use them. Many studies have…

  12. Will Ohio Always Have an Antioch,...Rio Grande,...Wilberforce,...Xavier? Private Schools and Public Policy in Higher Education in Ohio.

    ERIC Educational Resources Information Center

    Frueh, Lloyd, II; Treacy, John J.

    This document details the effects of various state programs and proposals which seek to aid the private schools including contracting by the Ohio Board of Regents for instructional services with private institutions, grants for capital improvements and special services, direct payments to students and long-term loans to students to recover…

  13. Student loan burden and its impact on career decisions in dermatology.

    PubMed

    Nguyen, Jannett; Song, Eingun; Liu, Michael A; Lee, Patrick K; Truong, Sam

    2017-12-01

    Dermatology departments in the United States face difficulties in recruiting dermatologists to academic positions, raising concerns for the future of dermatology education and research. This preliminary study aimed to explore the impact of student loan burden on career plans in dermatology and to determine if the Public Service Loan Forgiveness (PSLF) program can be used as a recruitment tool for academic positions in dermatology. Results from this electronic survey, which was distributed to dermatology residents and attending physicians, revealed that debt burden may influence career decisions in dermatology. Dermatologists may not be fully educated on loan repayment options. With increased awareness, the PSLF can potentially be used as a recruitment tool for academic positions in dermatology.

  14. 34 CFR 674.37 - Deferment of repayment-NDSLs made before October 1, 1980 and Defense loans.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... loan, when the borrower is at least a half-time regular student at— (i) An institution of higher... regular student for a full academic year and intends to enroll as at least half-time regular student in..., Marines or Coast Guard (see § 674.59); (2) A Peace Corps volunteer (see § 674.60); or (3) A volunteer...

  15. 34 CFR 674.37 - Deferment of repayment-NDSLs made before October 1, 1980 and Defense loans.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... loan, when the borrower is at least a half-time regular student at— (i) An institution of higher... regular student for a full academic year and intends to enroll as at least half-time regular student in..., Marines or Coast Guard (see § 674.59); (2) A Peace Corps volunteer (see § 674.60); or (3) A volunteer...

  16. 34 CFR 674.37 - Deferment of repayment-NDSLs made before October 1, 1980 and Defense loans.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... loan, when the borrower is at least a half-time regular student at— (i) An institution of higher... regular student for a full academic year and intends to enroll as at least half-time regular student in..., Marines or Coast Guard (see § 674.59); (2) A Peace Corps volunteer (see § 674.60); or (3) A volunteer...

  17. Debts and Decisions: Student Loans and Their Relationship to Graduate School and Career Choice. New Agenda Series[TM], Volume 3, Number 4.

    ERIC Educational Resources Information Center

    Heller, Donald E.

    This report examines the relationship between the amount of loans students take out during their undergraduate years and the decisions they make regarding careers and enrollment in graduate school. It uses data from the Baccalaureate and Beyond Survey (National Center for Education Statistics) of approximately 11,000 students who completed their…

  18. At What Cost? How Community Colleges That Do Not Offer Federal Loans Put Students at Risk. Issue Brief

    ERIC Educational Resources Information Center

    Cochrane, Debbie; Szabo-Kubitz, Laura

    2014-01-01

    Each year, millions of college students borrow money to help bridge the gap between college costs and available income, savings, and grants. Experts all agree that, for those who need to borrow to pay for college, federal student loans are the safest and most affordable option. Unfortunately, some colleges choose not to participate in the federal…

  19. Student Financial Aid. High Risk Series.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC.

    This report discusses the continuing concerns of the U.S. General Accounting Office (GAO) in regard to the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan, the Ford Direct Loan, and the Federal Pell Grant Programs. GAO commends the department for its…

  20. Colleges with High Default Rates on Guaranteed Loans Given 3 Years to Cut Them or Risk Losing Student Aid.

    ERIC Educational Resources Information Center

    Palmer, Stacy E.; Wilson, Robin

    1987-01-01

    Colleges and universities will be held directly responsible for loan repayments by their former students. Most postsecondary institutions with default rates of more than 20% are for-profit trade schools, community colleges, or historically Black colleges. (MLW)

  1. 42 CFR 57.302 - Definitions.

    Code of Federal Regulations, 2011 CFR

    2011-10-01

    ... 42 Public Health 1 2011-10-01 2011-10-01 false Definitions. 57.302 Section 57.302 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.302 Definitions. As used in this subpart: Academi...

  2. 42 CFR 57.302 - Definitions.

    Code of Federal Regulations, 2012 CFR

    2012-10-01

    ... 42 Public Health 1 2012-10-01 2012-10-01 false Definitions. 57.302 Section 57.302 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.302 Definitions. As used in this subpart: Academi...

  3. 42 CFR 57.302 - Definitions.

    Code of Federal Regulations, 2014 CFR

    2014-10-01

    ... 42 Public Health 1 2014-10-01 2014-10-01 false Definitions. 57.302 Section 57.302 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.302 Definitions. As used in this subpart: Academi...

  4. 42 CFR 57.302 - Definitions.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Definitions. 57.302 Section 57.302 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS Nursing Student Loans § 57.302 Definitions. As used in this subpart: Academi...

  5. Guide to Selected Federal Assistance Programs for Undergraduate Students.

    ERIC Educational Resources Information Center

    Stedman, Jim; Scott, Marcia

    Information is provided on 14 federal programs providing financial assistance to undergraduate students in universities, colleges, and vocational/technical schools. The programs provide three different types of assistance: grants (or scholarships), loans, and job earnings. Grants and scholarships do not have to be repaid, but loans do. Some of the…

  6. 3 CFR - Improving Repayment Options for Federal Student Loan Borrowers

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... about $26,300. While a college education remains an excellent investment, this debt can be overly... allow income information to be seamlessly transmitted so that borrowers can complete the application at... Options for Federal Student Loan Borrowers Memorandum for the Secretary of Education [and] the Secretary...

  7. 77 FR 35241 - Improving Repayment Options for Federal Student Loan Borrowers

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-13

    ... about $26,300. While a college education remains an excellent investment, this debt can be overly... allow income information to be seamlessly transmitted so that borrowers can complete the application at... Repayment Options for Federal Student Loan Borrowers Memorandum for the Secretary of Education [and] the...

  8. Complaints Soar over Student-Loan Collections

    ERIC Educational Resources Information Center

    Field, Kelly

    2012-01-01

    Over the past five years, the number of complaints filed against agencies collecting on behalf of the U.S. Department of Education has grown by 45 percent. The Federal Trade Commission, which oversees the entire industry, received 142,743 complaints involving debt-collection companies last year, though only some involved student loans. Consumer…

  9. How do nurses feed a family?

    PubMed

    Arif, Zeba

    2016-06-29

    Imposing student loans without consultation means nurses taking on a burden of debt that may never be repaid, with a negative effect on all with domestic or caring responsibilities. The student loan will take care of tuition fees, but what about feeding the family and keeping a roof over their heads?

  10. 42 CFR 57.208 - Health professions student loan promissory note and disclosure requirements.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Health professions student loan promissory note and disclosure requirements. 57.208 Section 57.208 Public Health PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN SERVICES GRANTS GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL IMPROVEMENTS...

  11. Medical students and debt: a survey of students at the School of Medicine, University of Auckland.

    PubMed

    Collins, M G

    1999-04-09

    To assess the extent of Auckland medical students' debt, the types of debt accrued and to establish data on part-time employment, income, parental support and living circumstances for these students. Medical students at the University of Auckland were asked to complete a written survey questionnaire, which was distributed in lecture classes for years 1-5 and by mail for year 6. The questionnaire asked about biographical data, types and amounts of debt, the use of student loan scheme money, employment, income, student allowances, parental financial support and living situation. Students not sent the survey by mail were informed about the survey several days prior to receiving it to enable them to collate the necessary financial information. Data entry was completed via an electronic scanning system and questionnaire responses were analysed using a tabular analysis of the various classes. There were 522 responses received, comprising 73% of students (48% male, 52% female). The major source of debt was to the Government student loan scheme (39% of students in year 1, rising to 75% in year 6). Average (median) debt to the Government loan scheme rises from $5000 in year 1 to $26,000 in year 6. Fourteen per cent of students receive a targeted student allowance and 30% have a part-time job. Average summer vacation earnings do not exceed $4000. Thirty-four percent receive no financial support from their parents and 18% receive support with some costs only. With the exceptions of students in year 1, more than 50% of students live away from home. Medical students are predominantly in debt to the Government student loan scheme and the level rises by approximately $5000 per year from year 1 to year 6. It is expected that these levels will increase in the future.

  12. 76 FR 31312 - Federal Family Education Loan Program

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-31

    ... DEPARTMENT OF EDUCATION Federal Family Education Loan Program AGENCY: Federal Student Aid, Department of Education. ACTION: Notice inviting guaranty agencies to submit proposals to participate in a... participate in the Federal Family Education Loan (FFEL) Program to submit proposals to enter into a Voluntary...

  13. A Brief Look at...the Texas B-On-Time Loan Program. Research Report

    ERIC Educational Resources Information Center

    Shook, Melissa

    2012-01-01

    The Texas B-On-Time (BOT) Loan Program is a unique state aid program intended to increase access to higher education in Texas and encourage on-time graduation. This state student loan may be completely forgiven if the otherwise eligible borrower completes his or her degree on time. The BOT Loan Program was developed in response to low on-time…

  14. The Effects of Higher Loan Limits and Need Analysis Changes on FFELP Borrowing in Pennsylvania, July to December 1992 to 1993.

    ERIC Educational Resources Information Center

    Redd, Kenneth E.

    This study examined the effects of the Higher Education Amendments of 1992 on Federal Family Education Loan Program (FFELP) borrowing in Pennsylvania during the July-to-December periods of 1992 to 1993. The Amendments increased the annual borrowing limits for the Federal Stafford loans and Federal Supplemental Loans for Students (SLS), eliminated…

  15. "Higher Education: Factors Lenders Consider in Making Lending Decisions for Private Education Loans." Report to Congressional Committees. GAO-10-86R

    ERIC Educational Resources Information Center

    Scott, George A.

    2009-01-01

    Over the past few decades, the cost of tuition, room, and board for undergraduate students has increased, making it more difficult for some students and families to afford the cost of college. While students have historically relied on federal loans and grants and family contributions to pay for college, a growing number have turned to private…

  16. Factors Affecting Student Loan Default Rate at Johnson County Community College: A Multivariate Analysis of Student Loan Default and Repayment between Years 2006 and 2008

    ERIC Educational Resources Information Center

    Butler, Cassandra

    2012-01-01

    This study utilized a quantitative design using archival data from Johnson County Community College (JCCC), located in Johnson County, Kansas, and the Office of Financial Aid for students who graduated, withdrew or dropped out of the college in academic years 2006, 2007 and 2008. Because this study used archival data, we can only show…

  17. College Debt: An Exploratory Study of Risk Factors among College Freshmen

    ERIC Educational Resources Information Center

    Simpson, Linda; Smith, Renee; Taylor, Lisa; Chadd, Julie

    2012-01-01

    The goals of this study are to examine the relationships between loan knowledge, money management skills, debt tolerance attitudes, and student income potential to their willingness to incur educational debt at a mid-western university. The current study showed that freshmen students lacked personal and general loan knowledge and had unrealistic…

  18. Formative Evaluation of the Canada Student Loans Program. Final Report

    ERIC Educational Resources Information Center

    Human Resources and Skills Development Canada, 2004

    2004-01-01

    The "Formative Evaluation of the Canada Student Loans Program" was undertaken to assess issues of program relevance, design and delivery and for the purposes of examining the early impacts of changes made to the program since 1998. The evaluation also reviewed the Performance Measurement Strategy contained in the July 2002 Results-Based…

  19. Analysis of Student Loan Special Rate Allowances and Servicing Costs.

    ERIC Educational Resources Information Center

    Technology Management, Inc., Cambridge, MA.

    This document addresses two separate, though related aspects of the operation of the Guaranteed Student Loan Program (GSLP): (1) the mechanism for setting the special rate allowance (SRA); and (2) the effect of the operating requirements of the program on lender servicing costs. The study develops recommendations for improving both aspects of the…

  20. The Finance of Higher Education.

    ERIC Educational Resources Information Center

    Bowen, Howard R.

    A system of financing college students is needed to meet expenses that are more than parents can afford and students can earn. The gap can only be met by grants, loans, or a combination of both, such as a national system of minimal educational grants supplemented by long-term loans. Individual grants, financed by the federal government and…

  1. Lender Profitability in the Student Loan Program.

    ERIC Educational Resources Information Center

    Jenkins, Sarah

    This report provides results of a study that measured lender profitability in the Guaranteed Student Loan (GSL) program and compares these results with the profitability of other types of lending. Data analysis reveals credit card lending to be the highest average level of profitability over the 5-year period considered. Other lending types, in…

  2. 34 CFR 682.207 - Due diligence in disbursing a loan.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Due diligence in disbursing a loan. 682.207 Section 682... Postsecondary Education Participants System (PEPS) Database (or any successor system) and confirming that the... certified. (3) For a continuing student, contacting the foreign school the student is to attend in...

  3. 75 FR 12217 - Federal Perkins Loan, Federal Work-Study, and Federal Supplemental Educational Opportunity Grant...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-15

    ... DEPARTMENT OF EDUCATION Federal Perkins Loan, Federal Work-Study, and Federal Supplemental... undergraduate and graduate students to help pay for their education. The FWS Program encourages the part-time employment of needy undergraduate and graduate students to help pay for their education and to involve the...

  4. Student Aid and Postsecondary Tax Preferences. Limited Research Exists on Effectiveness of Tools to Assist Students and Families through Title IV Student Aid and Tax Preferences. Report to the Committee on Finance, U.S. Senate. GAO05-684

    ERIC Educational Resources Information Center

    Government Accountability Office, 2005

    2005-01-01

    Federal assistance helps students and families pay for postsecondary education through several policy tools--grant and loan programs authorized by title IV of the Higher Education Act of 1965 and more recently enacted tax preferences. In fiscal year 2004, about $14 billion in grants and $56 billion in loans were made under title IV while…

  5. 42 CFR 60.33 - Making a HEAL loan.

    Code of Federal Regulations, 2010 CFR

    2010-10-01

    ... the applicant is a student, the lender must notify the applicant and the applicant's school named on... creditworthiness, the determination of the loan amount (not to exceed the amount approved by the school), the... applicant and the HEAL school contained in the loan application papers, except where those statements are in...

  6. 34 CFR 682.204 - Maximum loan amounts.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Maximum loan amounts. 682.204 Section 682.204 Education..., DEPARTMENT OF EDUCATION FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM General Provisions § 682.204 Maximum... a full academic year, the maximum annual amount that the student may receive may not exceed the...

  7. Direct Lending: How To Improve Implementation.

    ERIC Educational Resources Information Center

    Jepsen, Keith

    This evaluation study developed 29 recommendations concerning the implementation of direct loans in providing financial assistance to postsecondary school students. The investigation included examination of a current Department of Education (ED) pilot program, a video teleconference to discuss direct lending with 23 individuals in education…

  8. Federal Student Loans: Impact of Loan Limit Increases on College Prices Is Difficult to Discern. Report to Congressional Committees. GAO-14-7

    ERIC Educational Resources Information Center

    Nowicki, Jacqueline M.

    2014-01-01

    For more than a decade, college prices have been rising consistently and have continued to rise at a gradual pace after the Stafford loan limit increases were enacted in 2008 and 2009. However, it is difficult to determine if a direct relationship exists between increases in college prices and the Stafford loan limit increases because of the…

  9. Abuses in Federal Student Aid Programs: Hearings Before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs. United States Senate, One Hundred First Congress, Second Session (February 20, 26, 1990).

    ERIC Educational Resources Information Center

    Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs.

    This document presents oral testimony and prepared statements on the subject of federal student loan programs identified as particularly vulnerable to fraud, waste, and abuse. Opening statements by the four Senators (Nunn, Kohl, Roth, and Levin) stress the seriousness of increasing student loan defaults and abuses by proprietary, for profit, trade…

  10. The Public Realities of Private Student Loans. Policy Matters: A Higher Education Policy Brief

    ERIC Educational Resources Information Center

    Harnisch, Thomas

    2008-01-01

    The use of private loans to finance college education has significantly increased in the last decade. Insufficient public financial aid support, a complex federal aid application process, aggressive marketing by private lenders, and an unwillingness by some parents to borrow under the federal PLUS program are leading students to take out what can…

  11. 78 FR 17647 - Annual Notice of Interest Rates of Federal Student Loans Made Under the Federal Family Education...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-22

    ... DEPARTMENT OF EDUCATION Annual Notice of Interest Rates of Federal Student Loans Made Under the.... Department of Education published in the Federal Register (78 FR 5433) a notice announcing the interest rates... bill rate Margin Total rate First disbursed on or after disbursed interest rate (percent) (percent...

  12. Colleges Should Teach Students How to Borrow Wisely

    ERIC Educational Resources Information Center

    Holtschneider, Dennis H.

    2008-01-01

    The student-loan industry seems to have broken new ground, which raises a red flag after the recent investigation of the private-loan industry by Andrew M. Cuomo, New York State's attorney general. Last June "The Chronicle" reported that in Cuomo's testimony before Congress, he compared the industry to the Wild West, characterizing it as a bastion…

  13. Policy Considerations for a Student-Loan Refinancing Authority

    ERIC Educational Resources Information Center

    State Council of Higher Education for Virginia, 2016

    2016-01-01

    Access and affordability are the main themes of Goal 1 of The Virginia Plan for Higher Education. Progress toward these goals can be measured by a variety of means, but access and affordability serve as foundational guiding principles as the Commonwealth of Virginia crafts its annual and biennial higher-education budgets. Student-loan debt is but…

  14. State Disinvestment in Higher Education Has Led to an Explosion of Student-Loan Debt

    ERIC Educational Resources Information Center

    Baylor, Elizabeth

    2014-01-01

    Earning a college degree or credential can be life changing and economically sustaining. That is why it is critically important that America's system of public colleges remain affordable for all Americans. However, Center for American Progress (CAP) analysis estimates that annual student-loan borrowing increased by $17 billion in the five years…

  15. National Issues in Education: Community Service and Student Loans.

    ERIC Educational Resources Information Center

    Jennings, John F., Ed.

    This book contains 11 essays that follow the community service and student loan legislation as it proceeded through Congress. The essays illuminate the policymaking process by explaining the evolution of new national policies and by tracing the history of these two pieces of legislation. The book is organized in three parts. The first two parts…

  16. Student Loan Guarantee Agencies and Their Financing. A Working Paper.

    ERIC Educational Resources Information Center

    Hansen, Janet S.; Wolfe, Mark L.

    Guarantee agencies and their financing are discussed in order to increase awareness of their role and to provide information for policy decisions. Information is provided on: the history of the Guaranteed Student Loan (GSL) program, sources and uses of funds by state guarantee agencies for fiscal years (FY) 1982 and 1984, federal advances repaid…

  17. Trouble Ahead for Student Loans?

    ERIC Educational Resources Information Center

    Ergungor, O. Emre; Hathaway, Ian

    2008-01-01

    The market for student loans may differ in some respects from other financial markets, but private lenders are the primary source of funds. As in other markets, the incentive to lend those funds comes from the ability to make a profit. But recent turmoil in financial markets is affecting all of the factors that contribute to the profitability of…

  18. Secondary Market Activities of the Student Loan Marketing Association. Report to the Committee on Labor and Human Resources, United States Senate.

    ERIC Educational Resources Information Center

    General Accounting Office, Washington, DC.

    Lending and secondary market activities of the Student Loan Marketing Association (Sallie Mae) since it began operations in 1973 were reviewed. Specific areas of review were: the Association's legislative development and financial activities, its profitability compared to commercial banks and other government-sponsored enterprises that provide…

  19. 26 CFR 1.150-2 - Proceeds of bonds used for reimbursement.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ...: Issuer means— (1) For any private activity bond (excluding a qualified 501(c)(3) bond, qualified student... would permit its operation at substantially its design level; and (2) The facility is, in fact, in... defined in § 1.148-6(d)(4)), a qualified student loan, a qualified mortgage loan, or a qualified veterans...

  20. 26 CFR 1.150-2 - Proceeds of bonds used for reimbursement.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ...: Issuer means— (1) For any private activity bond (excluding a qualified 501(c)(3) bond, qualified student... would permit its operation at substantially its design level; and (2) The facility is, in fact, in... defined in § 1.148-6(d)(4)), a qualified student loan, a qualified mortgage loan, or a qualified veterans...

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