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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapther VI. The administration of student loans

Collection:: Economics Books

Their Relation to Higher Educational Einance 93 It is true that some funds in the past have greatly diminished or disap- peared entirely when the principal was loaned out. This was due, almost always, to the method of administration and not to the dishonesty of students. Students, as all individuals, are honest if they are made to be. The trouble has arisen because of the lack of a definite agreement with the Student when he first secures a loan,—the “pay when you can” attitude, and lack of a collection System. Those who administer Student loans can well afford to borrow some of the principles from the business world that make lending in small sums successful. The managers of credit departments in concerns in New York City which make small loans and others who seil on the installment plan are of the opinion that 99% of the people are honest. When they do not pay on time, it is either because of circumstances over which they have no control or a fault in the credit department itself. The fault in the credit department may be a slip-up in the selection of the risk, or a failure to handle the customer tactfully. In both the selection of the risk and the collection of the money, cases are to be handled individually and each in accordance with its own peculiarities. Colleges and universities that have tried these elementary principles of business lending have been remarkably successful in administering Student loans. Even where the selection of the risk was not made with any great degree of care, but where the collection of the loans was undertaken systematically the results have been most satis- factory. That it is possible to administer a loan fund not only without loss, but in such a way that the fund will increase of itself, is evidenced by the following figures which represent an actual fund that has grown of its own momentum. Date Principal 1905 $6,927.76 1906 6,899.76 1907 7,059.56 1908 7,714.96 1909 8,319.32 1910 8,455.37 1911 8,692.37 1912 9,048.37 1913 9,702.73 1914 11,622.83 1915 12,612.58 1916 13,414.91 1917 14,587.12 1918 15,478.97 1919 16,255.10 1920 17,185.57 1921 18,480.57 1922 19,049.21 1923 20,010.84 1924 20,885.88 1925 22,038.91

Access restriction

Copyright

fullscreen: A study of student loans and their relation to higher educational finance

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation