Lessons from the Failure of a Student Loan Guarantor

Although student loan option remains a useful adjunct to federal grants, work/study programs, and cooperative education programs, the country should learn from the Higher Education Assistance Foundation default difficulties. The student loan program is best suited for middle-income students and pare...

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Veröffentlicht in:	Phi Delta Kappan 1993-03, Vol.74 (7), p.563-565
1. Verfasser:	Cronin, Joseph M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Cooperative learning Government Government Role Guarantees Higher education Higher Education Assistance Foundation Lenders Loan defaults Loan Repayment Loans Loanwords Management Postsecondary Education Short term loans Student Financial Aid Student Loan Programs Student loans Vocational education
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Beschreibung
Zusammenfassung:	Although student loan option remains a useful adjunct to federal grants, work/study programs, and cooperative education programs, the country should learn from the Higher Education Assistance Foundation default difficulties. The student loan program is best suited for middle-income students and parents; scholarships, training grants, and vocational education programs best serve the low-income group. Minimum-wage occupations offer little repayment opportunity. (MLH)
ISSN:	0031-7217 1940-6487