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.

[147] APPENDIX B THE LOAN ASSOCIATION OF THE GERMAN STUDENTS Introduction “The Loan Association of the German Students which forms now a necessary part of the economic measures of the German Student body was established as a registered Corporation June 22, 1921 in Berlin.” Although this association is of recent origin, its forerunners had been carrying on similar work in local communities for some time past. 1 All these local helps were entirely insufficient to meet the demands. The need of economic or financial help for students became so press- ing in 1921 that the Göttinger Student Congress passed the following reso- lution: “The need of students in consequence of the present rise in prices has achieved such a scope that it is necessary to procure economic help.” It was also resolved to ask the state, university authorities, and private and municipal circles to help in the establishment of the Student loan assoda- tions. Through the establishment of these loan associations it was hoped to aid those students who because of the war and changed circumstances had not been able to continue their studies. The First Central Plans In May, 1921, soon after the founding of the Economic Help of the German Student Body, Dr. Fudikar presented a plan for the establish ment of a loan and help association for students over the whole German empire which was to cooperate with the Economic Help of the German Student Body. The Cardinal proposals as worked out took into account the experience of similar organizations in the United States and Denmark. The Loan Association of the German Student Body was established in June, 1922; the final registration of the Corporation took place on Feb. 16, 1923. The Organization of this association presents a “turning point on the way to the practical realization of the idea of economic self-help of the German students.” 2 The reasons why this Loan Association was established as a separate entity rather than as a part of another Organization such as the Economic Help of the German Student Body are as follows: 1. Need of uniform and similarly organized local units or branches with control exercised by a central office. 2. Declaration by the states, universities, and countries of their will- ingness to cooperate as members of this association. 1 Leipzig Loan and Help Association in 1919, Albertus Magnus Verein, and others. _ 2 Business Report of the Loan Association of the German Student Body, June, 1921- Feb., 1925.

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