Der Wald und seine Arbeiter

A study of student loans and their relation to higher educational finance

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Monograph

Identifikator:: 1024751406

URN:: urn:nbn:de:zbw-retromon-52899

Document type:: Monograph

Title:: Der Wald und seine Arbeiter

Place of publication:: Berlin

Publisher:: Vorstand des Deutschen Landarbeiter-Verbandes

Year of publication:: 1920

Scope:: 1 Online-Ressource (71 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Arbeitszeit, Zuschläge für Ueberstunden und Sonntagsarbeit

Collection:: Economics Books

106 A Study of Student Loans and been sufficiently exacting and have often taken an apologetic form. Some institutions have looked upon a rigid System of collection of outstanding funds as below their dignity and strangely enough have seemed to prefer seeking funds from outside sources to collecting debts that are rightfully due to them. So lacking in sound principles is this that under our present economic and commercial Organization it can persist only to the detriment of higher education. It is mockery for an institution to teach principles which it does not practice, for while on the one hand it attempts to instill ideals into youths at the same time it undermines these teachings by its business dealings with the Student body. An effective System must be exacting, precise, and prompt. It must be sympathetic only when the circumstances warrant sympathy. The borrower must be approached at the right moment, which is just before the loan falls due. The longer the payment lapses the more hardened he becomes to his obligations and the more difficult it is to collect. The borrower should be sent a notice that his payment is soon to fall due. This notice should be sent sufficiently in advance so that he may have time to make provision to pay the installment. If he fails to pay and offers no explanation, a second notice should be sent him. Both notices can be printed or in mimeographed form. If these two reminders fail to bring in a payment or an explanation, he can be notified in a personal way which will be suitecl to his peculiar case. This third notice would cliffer in each case, depending on whether delinquency has been characteristic of all previous installments or whether it has occurred after several payments have been promptly made. In any case, the delinquent should be followed up closely in a tactful but firm manner. If the borrower is made to meet his first payments on time, he will find it easier to meet the other pay ments in the same manner. Organization to Administer Loans Having discussed the administration of loans and the principles which should guide such administration, it is important that something be said as to what Organization can best undertake it. There are four types of organizations that could take up this task and see it to a successful end. Higher educational officials are at variance as to what Organization can best administer Student loans. Some are of the opinion that all loans can and should be administered best by the institu tion while others believe that an outside Organization can perform the task more effectively. Still others believe that the Organization which constitutes the source of the funds should either take care of them itself or make provisions for their administration. These are poor

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