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

Bibliographic data

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.

124 A Study of Student Loans and ing the borrower with too great a load of responsibility in meeting the Obligation after graduation, it is encouraging to consider the vastly greater service over a restricted fund that the revolving fund will render worthy boys and girls throughout the country in their struggle for an education. This view of the business loan makes a strong appeal to the potential donor of a fund who wishes, quite naturally, to see a given amount serve a maximum degree of usefulness. There has come to be a general realiza- tion that the casual administration of Student aid is all too likely to have a bad effect on the Student who is allowed to slack in the payment of his first loan, and that the real responsibility for the resulting character dis- integration, however subtle, falls upon the group dispensing the assistance. In the creation and development of its unique theory and System of making loans to students, the Harmon Foundation has been working in virgin soil and has turned up and brought to light many curious facts, starting with the widely diverse attitude of educators and others toward the forms that Student aid should take, and ranging from a balanced judg- ment to pure sentimentalism. The unusual and unexpected has been found in the widely varied intellectual group of prospective borrowers, varying from the normal Standard to be expected of juniors, to a level very little above that of the grammar school. The uses to which borrowed money has been put have also been most curious, as well as many other qualities totally unexpected in a homogeneous group of College men and women. Nothing has been more marked than difference in the concept of Obligation which develops at the time repayment should begin. This ranges from a most admirable attitude, comparable to that of experienced business men, to utter child- ishness—a Situation which indicates that this side of education has been completely neglected among some, leaving many a young man in the kindergarten age as far as his knowledge of what is and will be expected of him by society is concerned. It is an arraignment of the influences, or lack of them, somewhere in the young man’s career—negligence perhaps— that makes progress unnecessarily difficult, and doubtless results in very many unnecessary wrecks of reputations. A single illustration is here given of the flippant attitude of a young man who had borrowed, completed his course, and received his degree. He had had a year in which to get a foothold, had received repeated requests to remit, and only when he was informed that the matter would be turned over for legal attention was the following letter received: If you know of any way to get money where it isn’t by legal process your attorney is a genius. I will pay as soon as I am able but I cannot do the impossible.

Access restriction

Copyright

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

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation