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

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapther VI. The administration of student loans

Collection:: Economics Books

Their Relation to Higher Educationae Finance 107 methods of approaching the subject because it is not who should administer the funds that must be considered, but which organizations can administer them in the most effective way. The organizations which fall under consideration in regard to Student loans are: the educational Institution itself, the philanthropic and semi-philanthropic foundations, banks and trust Companies, and charitable, religious, and fraternal organi zations. Charitable, Religious, and Fraternal Organizations The religious, charitable, and fraternal organizations which have made provisions to grant scholarships, fellowships, and loans to students in most cases administer the funds themselves. This is as it should be. No funds should be accepted for administration by institutions unless they are turned over unconditionally. If numerous restrictions and qualifications are made by those making funds available, Provision should be made for their administration. Where the College or university has a well worked-out System of Student loans, funds turned over to it should be received with the understanding that they will be administered as all other funds in the institution. The numerous funds, with the various provisions that now exist in institutions, are a drawback to an efficient System of loans. They multiply the work and complicate the bookkeeping connected with loans. It would seem a wise policy for institutions to refuse to administer funds from such organizations unless given a free hand in directing them. If organizations refuse to accept such conditions, they should make provision to handle the funds themselves. Banks and Trust Companies Loans may also be administered by banks and trust Companies either as a semi-philanthropic venture or as a purely business proposition. Some banks and trust Companies have been loaning money to students on a purely business basis and have been very successful. In some cases they have required insurance or other collateral, in others organizations or individuals stood ready to make good the losses, but up to date this has not been necessary. The most notable examples of such ventures have been in New York City, California, Texas, and in some European coun tries. In all four localities it has proven an effective way of assisting students. There is no question but that such a venture on the part of financial institutions is sound. Trust Companies should be well adapted to handle Student loans. Such funds would render valuable Service to students and Supplement well the loan funds handled by other organi zations.

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