Student Loan Defaults--the Belmont Task Force Report: Hearings Before the Subcommittee on Postsecondary Education of the Committee on Education and Labor, House of Representatives, One Hundredth Congress, Second Session, Hearings Held in Washington, DC, February 2 and 3, 1988 |
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accreditation additional amendments annual assistance Association attend believe Belmont report Belmont Task Force BIKLEN Chairman COLEMAN committee Congress cosmetology counseling default issue default prevention default problem defaulted loans delinquent dents Department of Education DUBAY educational opportunity eligible enrollment families federal government FORD funds GAYDOS going graduate GSL default GSL program GSLP Guaranteed Loan Guaranteed Student Loan guarantors guaranty agencies HBCUS high-risk students Higher Education Act Hispanics historically Black colleges implemented increase JONTZ legislation low income students million National participants payments Pell Grant percent population postsecondary education prepared statement proposals proprietary schools receive refund repay repayment responsibilities risk students STRINGER structural default rate Student Aid Commission student borrowers student financial aid student loan defaults Student Loan Program SUBCOMMITTEE ON POSTSECONDARY suggest Task Force report testimony Thank tion UNCF University WILLIAMS
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Page 243 - THE SUBCOMMITTEE ON EDUCATION, ARTS AND THE HUMANITIES OF THE SENATE COMMITTEE ON LABOR AND HUMAN RESOURCES...
Page 37 - ... be borne by families has increased. According to the American Association of State Colleges and Universities, the average out-of-pocket family contribution for postsecondary education increased by 11.8% between 1978 and 1983, after adjustment for inflation. This increase in family cost was not evenly distributed among all population groups; however. The actual cost for Hispanic families rose by 21.5% as compared to increases of 12.2% for White families, and 0.9% for Black families.
Page 43 - Mr. Chairman and members of the subcommittee, I am grateful for the opportunity to testify...
Page 137 - I will be pleased to answer any questions you and the other Members of the Subcommittee may have.
Page 24 - I would ask unanimous consent that the full text of my statement be included in the record as read and I will then confine myself to the highlights of my statement.
Page 152 - ... centrally-planned system, managers simply order everything, hoping to get what they need. Therefore the planners are able to say, look at all that demand for these inputs. Look at that demand for steel. We don't have that much steel; we have to ration it. It is similar, Mikhail Sergeevich, to the old Western story of the child who kills his parents and then throws himself on the mercy of the court because he is an orphan. It is the centralized bureaucratic methods themselves that are responsible...
Page 10 - Similarly, a recent study tracking the impact of changes in Federal student aid at private Historically Black Colleges reveals that in 1979-80, of the total aid received by students at United Negro College Fund institutions, 42.2 percent was from Pell Grants and 3.8 percent was from GSLs. In contrast, in 1984-85, at the schools studied, the percent of Pell Grant aid had declined to 27.6 while reliance on GSL aid had increased by 849.0 percent, to 26.3 percent of total aid.
Page 249 - Education" was prepared for the National Conference of State Legislatures and the National Governors
Page 268 - I have serious reservations about thoughtlessly increasing the requisite number of calls or letters. Neither bring a new message to the delinquent borrower. If the reason for default is a lack of income, additional calls and letters will not be the vehicle to produce cash. Time and patience are our allies; witness the success rate of post -default collection efforts. There are no quick, simple solutions.
Page 167 - UNIVERSITY WITH A MISSION OF TEACHING, RESEARCH AND PUBLIC SERVICE. WE OFFER PROGRAMS IN THE LIBERAL ARTS, AS WELL AS IN CAREER AND PROFESSIONAL AREAS. THE STUDENT BODY AT MORGAN STATE UNIVERSITY IS MULTI-RACIAL AND INTERNATIONAL IN COMPOSITION AND REFLECTS STUDENTS FROM VARYING SOCIO-ECONOMIC BACKGROUNDS. THE TYPICAL STUDENT IS A BLACK GRADUATE OF THE MARYLAND PUBLIC SCHOOL SYSTEM AND IS A FIRST GENERATION COLLEGE ATTENDEE. EIGHTY PERCENT OF THESE STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE,...