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.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Financing the student

Collection:: Economics Books

Their Relation to Higher Educational Finance 83 balance between them would be most beneficial. The extent to which the community offers opportunity for self-help and the amount set aside for scholarships and fellowships are of importance to the loan problem. When the work available to the Student is scarce, more money is needed for loans and more loans should be made. Those who would work and cannot are excellent risks and, if conditions are such that Student work is scarce, it is better to loan money to many of these students than to allow them to leave the institution. If large amounts of money are set aside for unpro ductive scholars and fellows who never return the money, a smaller number of students are thereby being served than if these funds were placed in revolving loans. An understanding of these various phases of Student help is vital to an institution. Self-Help Self-help is the method used by many students to put themselves through College and in some institutions as many as 80 per cent. of the students finance themselves wholly or in part. It holds a very important place in Student finance. However, Most of the things which have been written of boys without education, like Lincoln, who ultimately became President of the United States, or fellows with only fifteen cents in their pockets who got through College on their nerve and made Phi Beta Kappa are romantic, but quite misleading. 44 As to the advisability of self-help for students, authorities disagree. Dr. Angell of Yale says: It may be hard work and in some cases an undue strain—earning a living and getting an education at the same time, but in the majority of institutions a real taste of economic necessity is a spur to study. The youth who must work his way through College cannot afford to waste time joy- riding and jazzing around. 45 On the other hand, the London Times Bducational Supplement takes the opposite view: In the American institutions where “working through” is more common than in England there is beginning to arise a certain doubt about the de- sirability of the plan., There is a growing conviction particularly in the Eastern universities that this independence is bought at too great a price. 46 It is further argued by some that the function of a College or univer- sity is to stimulate study; that anything which reduces the potential amount of study (where there is not even partial Substitution in ways of health or of zest) such as extra-curriculum activities in various spheres of Student undertaking, deducts largely from scholastic achievement. All 44 T. A. Clark, “Discipline and the Derelicts”, p. 93. 45 Quoted in the Alaska Daily Empire, April 18, 1924. 46 “Poor Men at the Universities” quoted in School and Society, Dec. 22, 1923.

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