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.

Their Relation to Higher Educational Finance 113 Image Engineering Scan Reference Chart TE263 Serial Na "*us year shows that there is no uniformity in the administration of i t loans in the various Colleges and universities. : l working out a policy for the administration of Student loans, it is ; Die to incorporate all that is best from the various methods in use. *i I Oethods of Administration sv oan funds are administered under two methods. The restricted i: d, which is loaning only the income from the fund, and the revolving j: i, which is loaning both income and principal. There are many more administered under the restricted method than there are under the v ing method, notwithstanding the fact that of the 93 institutions answered an inquiry sent out by the Student Loan Information v x, 69 replied that they favored the revolving fund. *; he actual conditions reported show: 1: ARACTER AND AMOUNT OF FUNDS AVAILABLE 1924-1925 Revolving $187,253 10 funds Restricted 704,000 12 “ Emergency 5,000 2 “ Not specified 3,205,786 288 “ : a large part, the “not specified” funds ($3,205,786), is “restricted”, j : s safe to suppose, the proportion of available funds actually to be v ed as “restricted” is overwhelming. Much of this money was left V restricted form and must continue to be thus administered. How- ;; t is safe to assume that there are many of these funds that could be £ ; on a revolving basis. The revolving fund has the more weighty l: ents in its favor besides having the favorable sentiment of a large £: jty of officials. _he greater efficiency of the revolving fund is indisputable. For le, a fund of $100,000 at 5% yields $5,000 annually and would be ä i: {nt to make a loan of $250 to 20 students. Over a period of fifteen ; it would be able to make 300 such loans. On the other hand, äi 00 if turned into a revolving fund, allowing $20,000 of the principal i: oaned annually for the first five years, and revolved for an additional 2[_ars, would be sufficient to make 1,475 such loans which means that ld serve practically five times as many students. i: ome officials and donors fear that if the principal as well as the ä :i; is loaned, the fund will eventually disappear. This fear is well ' : ;d only if it is admitted that funds cannot be efficiently administered. i: who administer Student loans can well afford to borrow some of the Tjles from the business world that make loaning in small sums suc- j. 1 Colleges and universities that have tried these principles of busi- 8

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