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.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapther VI. The administration of student loans

Collection:: Economics Books

102 A Study of Student Loans and bringing about pressure in cases where Collection is difficult. If the mem- bers of the group are to be responsible for their fellow members, they are entitled to a voice in the selection of those composing the group. This arrangement will be much more effective if it is done arnong groups already in existence, such as the College dass, the callege, the correspond- ing dass in different Colleges and the alumni. So far as can be seen at present, such a group guarantee plan when well administered is the best and soundest method by which to administer loans. It is the only form of security which lends itself effectively to Student loans. Term of Loan The term for which loans are granted differs widely in various insti- tutions. According to information made available on this point the present policies are in effect: Term of L,oan Total 5 years after graduation 4 i< « ii ^ ii ii ii 2 “ Repayment before graduation 10 years from date of loan.. 9 8 7 6 S 4 3 2 1 Number of Institutions Reporting 110 14 2 4 4 31 2 !.!! 2 i 1 2 1 6 2 6 10 12 The Situation as revealed by this data is astonishing. What is apparently a simple problem is being handled in sixteen different ways in 110 institutions. Regardless of what local conditions are, they ought not to influence greatly the term of the loan. Loans to students are in part investment loans and in part commercial loans. In determining the term of the loan, it is therefore possible to apply the same principles that prevail in investment banking and in commercial banking. Accordingly both long term and short term loans are made to students. The short term loans are for emergency purposes and should constitute a small Propor tion of all those made. The long term loans are made to assist the Student to finance himself through school and therefore repayment in the near future cannot and should not be expected. If the loan is to be suc- cessful and the terms of the contract complied with, it is necessary that such terms be in conformity with the period of turnover in the business

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