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

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Monograph

Identifikator:: 1028402236

URN:: urn:nbn:de:zbw-retromon-41825

Document type:: Monograph

Author:: Chassee, Leo Jeannot

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

Place of publication:: New York

Publisher:: Harmon Foundation, Inc.

Year of publication:: 1925

Scope:: 1 Online-Ressource (170 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapther VI. The administration of student loans

Collection:: Economics Books

98 A Study of Student Loans and reasonable amount of intelligence, initiative, good health, and possesses a reputation for integrity and for reliability, there is no reason why he should not get a loan if he needs the money. His intelligence can be judged by his academic Standing; his enterprise by what he is already doing to help himself; his health can be ascertained; and his integrity and reliability can be judged by his past performances both in his home community and the university community. These are the measures which are available to those who must select the risk. They are not fool-proof, but if used with caution and discretion, they are valuable and furnish sufficient data on which to take a chance. There will be misjudgments and consequent losses, of course, but the losses can be reduced to a minimum. There will be further losses due to deaths, but losses due to deaths and the force of circumstances will constitute a very small part of the total money loaned. Notwithstanding such losses, by not loaning more than the Student will be able to repay, by charging a fair rate of interest, and by adopting some form of group guarantee, Student loan funds should not only be kept intact, but should increase of their own momentum. Size of Loan There is at present a wide Variation between the amounts of money that different institutions will loan to one Student. Some will give him a loan during each of his last three years in College, others will make him a loan in both his junior and senior years, and still others will extend a loan but once during his College career. The size of the loan varies with the number of times that the institution is willing to extend a loan to the same Student. The following figures compiled by the Student Loan Information Bureau show the maximum amount which an institution will lend to a Student: Maximum Amount Loaned to One Student Number of Institutions $1,000 (during whole of College career) 2 500 2 450 400 2 350 4 300 14 250 18 200 36 150 17 100 48 50 7 25-50 (emergency loan) 4 No guiding principle can be deducted from this Compilation. If it is possible to loan $1,000 to each borrowing Student in two institutions, no

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