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

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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 85 Self-Help and Student Finance Many forms of self-help are not of any value in themselves and should not be resorted to by the Student unless it is financially necessary. Nor should the average Student attempt to earn all his expenses and at the same time carry a full academic program. If complete self-help is necessary, the academic program should be re-arranged so that the College course will be covered in five or six years instead of four. The Student needs leisure time for reflection and if he is constantly rushed, there will be certain fundamental values of a College education that will be lost. It is impossible for the average conscientious youth, with the best intent in the world, to do full justice to the purpose of his College days and to himself and at the same time earn all his expenses. He is not fully able to grasp his opportunity; to expand to the full measure of his enlarging scope and vision, and to profit as he might from the larger life of the College or university in the extra-curriculum opportunities. 48 If the Student has no financial source but self-help, that is his only salvation. This type of individual must not be discouraged from going to College for he is a great asset to society. He should be given aid—the kind that will help him to help himself. Sentimental help would be dangerous and vicious. He can be credited with assets that may be of great value in the future and thus deserves a loan. Nor should the Institution wait until a Student comes to apply for help. He is a good risk and a most valuable investment and the fact that money is available should be brought to his attention. Responsible students are extremely reluctant to get into debt. They seem to prefer to spend their valuable time at a job instead of borrowing. They are the ones who would benefit the most by a loan, for the time of such a Student is worth far more at his studies than at outside work. If the job inter- feres with his study in any way, he loses money even though he earns from fifty Cents to a dollar an hour. A little outside work is sometimes beneficial, but a great deal is almost uniformly fatal. Other means should therefore be found to assist the ambitious and worthy Student who must rely entirely or in large part on self-help. Self-Help and Loans To those students who cannot balance their budget by self-help, loans may be made. Many officials have been unable to see the close connection between self-help and loans. Since the Student can spend his time more profitably than by working at odd jobs, it is important that he be given other assistance than that of finding work. This assistance should take the form of loans or fellowships and scholarships. 48 Editorial, “College Men Who Need Help“, Literary Digest, November 15, 1924.

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