Federal Direct Student Loans: Hearing Before the Committee on Labor and Human Resources, United States Senate, One Hundred Second Congress, Second Session, on S. 2255, to Amend Part D of Title IV of the Higher Education Act of 1965 to Provide for Income Dependent Education Assistance, February 25, 1992, Volume 4

Front Cover
U.S. Government Printing Office, 1992 - Law - 126 pages
This document provides testimony, prepared statements, articles, publications, and other materials concerning the issue of augmenting current student financial assistance programs with the addition of direct student loans (Self Reliance Loans), and examines responsible ways in which the federal government should move in this direction. Among the persons providing testimony are the following: U.S. Senators Bill Bradley (New Jersey), Edward M. Kennedy (Massachusetts), Orrin G. Hatch (Utah), Nancy Landon Kassebaum (Kansas), Paul Simon (Illinois), Strom Thurmond (South Carolina), and Daniel K. Akaka (Hawaii) and U.S. Representative Thomas E. Petri (Wisconsin). Additional witnesses giving testimony or prepared statements include, among others,: John Silber, president, Boston University (Massachusetts); Father William J. Byron, president, The Catholic University, Washington, D.C.; Barry Bluestone, professor of political economy, University of Massachusetts, Boston, Massachusetts; Roxie LaFever, vice president, financial aid, University of Phoenix, Phoenix, Arizona; and Elizabeth M. Hicks, coordinator of financial aid, Harvard University, Cambridge, Massachusetts. Materials presented include "Concerns and Unanswered Questions Regarding Income Dependent Education Assistance (IDEA) aka Self Reliance Loans," and a copy of a discussion draft of a bill to amend Part D of Title IV of the Higher Education Act of 1965 to provide for income dependent education assistance. (GLR)

From inside the book

Other editions - View all

Common terms and phrases

Popular passages

Page 104 - Association of American Medical Colleges Association of American Veterinary Medical Colleges Association of 'Schools and Colleges of Optometry Association of Schools of...
Page 58 - Green of the Center for Scholarly Technology at the University of Southern California, the "sticker shock" of tuition and fees is forcing students to "buy down.
Page 4 - Senator Simon. OPENING STATEMENT OF SENATOR SIMON Senator SIMON. Thank you, Mr. Chairman. I want to thank the panel and everyone who has been participating.
Page 66 - Thank you, Mr. Chairman. The CHAIRMAN. Senator Simon. Senator SIMON. Thank you, Mr. Chairman.
Page 50 - Clearly, credit reform is not 'just* an accounting change. It Is an opportunity to see each program with fresh eyes. Credit reform asks the right questions: Who is being helped? By how much? At what cost? It focuses attention and budgetary decisions on the costs underlying each loan, juxtaposed with the borrowers who benefit from these programs. It provides perspective for both policy analysis and program management. (Part Two - 226...
Page 15 - Senator Hatch. OPENING STATEMENT OF SENATOR HATCH Senator HATCH. Thank you, Mr. Chairman. I would just like to make a few comments regarding today's hearing.
Page 106 - SENATOR FROM THE STATE OF HAWAII Mr. Chairman, I would like to speak in favor of S.
Page 59 - ... discrimination in the labor market is not automatically ratified as is the current practice under fixed obligation loans. The income contingent feature of UDIC loans requires students to repay based on actual earnings and therefore takes full account of differences in earnings for any reason. (7) Because UDIC loans are income contingent, students will be more likely to enroll in programs that conform to their academic strengths and career goals than in programs which simply hold out the promise...
Page 97 - USSA looks forward to further discussing the»e issues as you consider direct lending proposals, and stands ready to be of assistance. We think that the direct lending could be a powerful way to ensure that student loans work in students
Page 44 - Appear now among the parliaments of conquerors and give instruction to their schemes: Measure out new liberties so none shall suffer for his father's color or the credo of his choice: Post proofs that brotherhood is not so wild a dream as those who profit by postponing it pretend...

Bibliographic information