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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Financing the student

Collection:: Economics Books

82 A Study of Student Loans and These figures are the highest estimates made in the announcements. If a canvass were made of former students’ actual expenditures, it is safe to assume that the above estimates, even the highest, would prove insufficient. However, the prospective Student does not understand the true Situation and as a result overlooks many expenditures which he will necessarily make. The above is introduced because it is believed that student loans do not stand alone in the field of student help. Very often loan funds are resorted to because of two reasons; first, because the student is really in financial straits, and second, because he makes unnecessary expenditures. If, in order to avoid this Situation, precautions were taken in the way of guidance in personal financial, self-help, rearranged programs, and so on, the loan phase of student aid could then be adjusted accordingly. Making the Budget It would be a good plan to require each student to accompany his application for admission with his plans for a budget. 43 The budget should be complete, including the expected expenditures and the sources of income to cover such expenditures and should show in the case of inadequate budgets just how much the Student lacked and how he expected to cover this shortage. This, of course, could be done in two ways only: by borrow- ing and by earning. The institution should know approximately how much a Student will be able to earn in the community and thus be able to see to what extent it will be called upon for loans. If it is not prepared to grant these loans, the student could be discouraged from registering or advised to do part time academic work only. Such a procedure would also throw light on the fact that many students who borrow need not do so. They borrow in order to be able to spend more, thus draining the loan funds and leaving an inadequate supply for the more needy students. Many must then work hard just to keep going. A vicious circle is started which becomes cumulatively worse. Kinds of Student Aid The student has two sources from which to draw in order to bring his budget into balance when it is not balanced at home. He may work. This is commonly called self-help; he may borrow from friends, relatives, organizations, or the institution. He may secure various other forms of help under the label of scholarships and fellowships. All these sources are of concern to the institution and an effort made to bring about a proper 43 The “Institution of Honour Loans” in France requires a tpc certificate from the Maire of the student’s home town in order to ascertain the financial position of his family and thus see whether it is necessary for the student to receive a loan.

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