Footing the Tuition Bill: The New Student Loan SectorFrederick M. Hess A college degree is the key to opportunity and economic success in America today, a fact that has brought new attention to questions of college access and affordability. Footing the Tuition Bill explores fundamental questions about the purposes of federal student loans, how well traditional arrangements work, and how innovations might offer guidance for rethinking the design of financial aid. This collection of studies examines why the private postsecondary lending market has emerged, what it looks like, and the possibilities and tensions it poses for the future efforts to ensure that the doors of college are open to all Americans. |
Contents
TABLES | 10 |
HIGHER EDUCATIONS STUDENT FINANCIAL AID ENTERPRISE | 19 |
FIGURES | 32 |
Copyright | |
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accessed February 23 accessed January aid programs American attending banks Baum and Kathleen billion Budget College Board colleges and universities Congress consolidation Department of Education direct lending dollars Education Loan eligibility enrollment FDLP federal student loan fees FFELP financial aid administrators financial aid officers for-profit funding graduate growth guaranteed guarantors guaranty agencies Higher Education income quartile increased independent students interest rates investors January 16 Kathleen Payea loan limits loan volume Marblehead MyRichUncle National Center National Postsecondary Student Nelnet parents Pell Grant percent PIRG policymakers postsecondary education Postsecondary Student Aid private borrowers private lenders private loans private student loans quartile reauthorization repayment Sallie Mae Sandy Baum schools securitization SLM Corporation Stafford loans Student Aid Survey student borrowers student financial aid student loan industry student loan programs students and families subsidies tion Title IV loan Trends in Student tuition U.S. Census Bureau U.S. Department Unsubsidized