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:: Chapther VI. The administration of student loans

Collection:: Economics Books

A Study of Student Loans 91 As against these opinions there stand the actual conditions as follows: AMOUNT OF FUNDS AVAILABLE 1924-1925 Revolving $187,253 10 funds Restricted 704,754 12 “ Emergency 5,000 2 “ Not specified 3,205,786 288 “ $4,102,793 Revolving $60,000 3,500 28,100 4,300 11,353 10,000 50,000 10.000 5,000 5,000 $187,253 Restricted $1,000 25,000 10,000 25,000 32,000 1,000 2,754 50,000 27,000 25,000 500,000 6,000 $704,754 Ivmergency $3,000 2,000 $5,000 The above data is most illuminating and shows that even though a large number of university officers prefer the revolving loan fund to the restricted, the amount of money administered under the latter method far surpasses that administered under the formen There is only $187,253 in revolving funds as against $704,754 in restricted funds. If the “not specified” funds ($3,205,786) are taken to be restricted, as it is safe to suppose, the proportion becomes even more favorable to the restricted fund. Much of this money was left in the restricted form and must continue to be administered thus. However, it is safe to assume that there are many of these funds that could be placed on a revolving basis. An effort should be made to have future funds established in the same way. Weightier arguments and the sentiment of a large majority of offi- cials favor the revolving fund. It is not well to be guided by unweighted statistics which would lead us to advocate the restricted fund. The revolving fund has in its favor the support of those who have given both Systems a trial. The greater efficiency of the revolving fund is indisputable. If we should take, for instance, a fund of $100,000 and see what can be done with it under the restricted plan and on the other hand see what can be done with it under the revolving plan, the results are most instructive and lead us to wonder why this plan has been so long in coming into practice. One hundred thousand dollars at 5% yields $5,000 annually and would be sufficient to make a loan of $250 to 20 students for each of the first five years, 25

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