Their Relation to Higher Educational Finance 
109 
The Educational Institution 
Colleges and universities must, therefore, administer at least some 
of the Student loans, but there exists no unanimity of opinion as to how 
they can best do this. Past experience does not prove a valuable source 
from which to draw, so it is necessary to turn to organizations other than 
the universities and Colleges. The most fruitful fields from which to 
draw, as this thesis indicates throughout, are those of commercial and 
investment lending. Higher educational institutions need to work out new 
policies and develop a System for the administration of Student loans. Such 
policies and System can be built by taking over the most effective elements 
to be found in commercial and investment banking; in the Harmon 
plan; in Systems used in Europe; and also by making use of the principles 
which are set forth in this study as the results of an inquiry conducted by 
the Student Loan Information Bureau.