Three plans for reforming the financing of students wishing to attend college, therefore improving college affordability, are outlined: (1) improving the college loan system; (2) mitigating high tuition with high student aid; and (3) making comprehensive changes at all levels of the college finance system (the Plan of the National Commission on…

Department of Education regulations and initiatives designed to address problems of fraud, abuse, and loan default in federal student aid programs are examined. The scope and intrusiveness of some recent regulations are criticized, and unintended effects are noted, including increased administrative burdens on all institutions. (Author/MSE)

Distribution of federal expenditures for interest benefits, special allowance payments, default claims reinsurance, and administrative cost allowances among over 61,000 borrowers is described, including in-school, grace and repayment periods by institution type, years enrolled, dependency status, and family financial circumstances. (Author/MSE)