The author demonstrates mathematically that shifting from a grant to loan financing system for students lengthens the time before a graduate breaks even. The implication is that all loan financing for which the repayment is concentrated in the earlier years of working life has some deterrent effect upon college attendance because the net payoff is…

Federal agencies have had to begin making automatic budget reductions according to the new version of the Gramm-Rudman-Hollings deficit-reduction law, resulting in increased student loan fees and decreased banker subsidies. (MSE)

Paying for graduate school, juggling loans, assistantships, and grants to meet costs is probably as complex as any budget that a professional will have to tackle. Some advice on financing graduate school is provided. (MLW)

The Federal Pell Grant Program provides grants to undergraduate students who have financial need and meet the other requirements for Federal Student Aid. Schools do not have to make decisions about who gets Pell funds or how much they receive. The Department of Education pays Pell funds to all eligible students, and formulas determine how much…

This booklet describes the Direct Consolidation Loan program students can use to combine one or more student loans into a new loan. Things to consider before seeking a consolidation loan are outlined. Direct consolidation loans offer a number of advantages; they are free, result in one lender and one monthly payment, and offer flexible repayment…

As the number and volume of student loans increase nationally, lenders and policymakers look more closely at the use of loan forbearance. This paper examines whether forbearance really cuts the risk of loan default by reporting on a study of more than 9,800 Stafford loans in forbearance in December 1996. That research shows that the default rate…

This brief discusses student borrowing to pay for college in the 1990s. Between 1990 and 2000, student loan volume more than doubled in real terms from $16.4 billion to $37.5 billion, and the number of loans made annually also more than doubled, from 4.5 million to 9.4 million. Data, primarily from the National Postsecondary Student Aid Study,…

A study of the rate of growth in Stafford student loan debt levels compiled average indebtedness figures for graduate students, undergraduate students, proprietary students, and students enrolled in community colleges and other 2- and 3-year institutions. The study also attempted to develop payment stress indicators by tracking payment status data…

This publication is intended to help postsecondary schools understand FY 1999 draft cohort default rate data. It explains how the Department of Education calculates cohort default rates, the effect of cohort default rates, and how to read the cohort default rate loan record detail reports. Also, it reviews electronic reports available from the…

This handbook explains the "how to's" of financial aid, focusing on private colleges in New York state. The first section discusses financial aid, explaining that a student who needs financial aid is very likely to receive it. The aid process is outlined, step by step. This section also explains the types of federal and other aid…

This guide is designed to assist schools with their Federal Family Education Loan Program (FFEL) and the William D. Ford Federal Direct Loan (Direct Loan) Program cohort default rate. The guide is a reference tool in understanding cohort default rates and processes. This guide incorporates two former guides, the "Draft Cohort Default Rate…

This report reviews auctions used by various federal agencies to examine the feasibility of using similar auctions to determine interest rates for student borrowing through the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program. The review identified 31 different auctions, divided into two major…

This publication sets out the guidance, terms, and conditions issued by the Department for Education and Employment for the Hardship Fund for higher education institutions in England. These hardship funds are made available to undergraduate, graduate, or further education students who face difficulty in meeting their living costs whether because…

The administration, sources, and distribution of grants and loans at one college are described in detail. (Editor)

The fact is that community college journalism people and publishers and editors have not been doing enough to encourage minority people to consider journalism as a career. (Author)