The statistical tables in this annual report cover four basic areas of Michigan Department of Education Student Financial Assistance Services for 1973-74. Part 1 covers the Guaranteed Student Loan Program (review of operations, program status report, collections summary, outstanding loans, characteristics of student borrowers); Part 2 contains…

A description of the current provisions of the Guaranteed Student Loan (GSL) program is provided along with an analysis of the GSL budget, a summary of up-to-date statistics on participation in the program, and a review of continuing issues related to the program. These federally reinsured loans are usually made by private lenders to students for…

The committee examined the special allowance made to lenders in the Guaranteed Student Loan Program to assure that it continues to be an effective incentive. The allowance was examined in its relation to: (1) administrative costs incurred by lenders, including those attributable to federal regulations; and (2) appropriate money-market indices. A…

Lenders' billings for interest subsidy payments under the Department of Education's Guaranteed Student Loan Program (GSLP) are discussed. In fiscal year 1986, the Department of Education paid lenders $2.4 billion in interest subsidies on $39 billion of outstanding Guaranteed Student Loans. The General Accounting Office (GAO) reviewed the accounts…

Information is presented on student default rates at 7,800 postsecondary schools. The report builds on previous data and offers a summary analysis of the approximately 1.2 million 1983 borrowers' rates of default by kinds of schools that borrowers and defaulters attended and length in years of their schools' academic programs. Information is…

Federal aid has had many overlapping purposes and effects, from labor objectives to bolstering institutional enrollments, but the larger mission has been to help people realize their educational aspirations regardless of individual economic or social origins. The history and future of the democratization of college opportunities are discussed.…

Borrowing has become the indispensable means for financing higher education, primarily through the Guaranteed Student Loan (GSL) program. The entire structure of expectations that sustains higher education has been transformed by debt, and incentives for borrowers and lenders have created student debt expansion. (MLW)

Activities of the Alabama State Commission on Higher Education are described. Three sections discuss the following: (1) planning and coordination activities (unified budget recommendation, statewide planning process, research and service program inventory, new program approval, off-campus instruction, non-resident institutional review, conference…

Student loan alternatives for states, educational institutions, and others who may be facing recent or anticipated reductions in federal aid are considered. Attention is focused on short-run possibilities that require relatively little or no modification of existing federal statutes. Considerations in developing loan alternatives include the…

Congressional debate over modification and reform of Title IV, Student Assistance of the Higher Education Act of 1965 is discussed. The 1965 Congressional hearings on the 1965 Act, up for reauthorization in September 1979, are expected to continue into 1980 before Congress finally approves a bill. Title IV implements the federal philosophy that no…

Information on financial aid programs is provided in this guide for students. The introduction discusses where the labor movement stands on educational needs. The contents of the publication are as follows: Meeting College Costs through a Financial Aid Package; How to Cut Educational Costs; How Students' Financial Aid Needs Are Analyzed; Low…