Federal grant aid is seen as more costly than college work-study or loan programs. The revolving National Direct Student Loan (NDSL) funds being built at institutions have tremendous potential. For the NDSL program the interest paid by the student remains in the fund for future loans. (MLW)

Differences in Guaranteed Student Loan (GSL) default trends among 54 U.S. state/territory guarantee agencies were investigated, based on September 1981, 1982, and 1983 quarterly reports. The states/territories were grouped into four categories based on a classification of loan volumes and the agencies' years of experiences. Among findings are…

Information on GSL defaults in five states is reviewed: California, Illinois, Massachusetts, New Jersey, and Pennsylvania. Default rates are defined and levels of default are examined using a variety of analytical methods. (Author/MLW)

It is argued that direct lending by the federal government to the student, characterized by direct financing, delivery, and communication, is a form of financial aid more cost effective than current programs such as the federal Guaranteed Student Loans. Direct loans can be better administered by the federal government, and protection against fraud…

The Association of American Medical Colleges collects data on financial aid through the Liaison Committee on Medical Education annual questionnaire from its member medical schools. A summary and analysis of 1984-85 data are provided. (MLW)

The National Postsecondary Student Aid Study collected data for sample students from registrar and financial aid offices at postsecondary institutions. The data were collected for students enrolled in a postsecondary institution in fall 1986. Since substantial numbers of students are not enrolled in fall and are therefore not represented in the…

Federal costs of the National Direct Student Loan (NDSL) program and the Guaranteed Student Loan (GSL) program are compared, and alternatives to the current system of student financial assistance are discussed. It is estimated that over the life of the loan, the long-term federal costs of GSL and NDSL per dollar loaned are approximately the same…

This paper analyzes the factors associated with student loan default in the Guaranteed Student Loan (GSL) program for higher education. The paper provides an overview of the National Postsecondary Student Aid Study (NPSAS) Student Loan Recipient Survey, and, using data from the survey, presents a descriptive analysis of student loan recipients and…

This summary report presents major findings of a study comparing repayment of student loans and the impact of educational debt on students' life decisions in 1985 and 1991. A survey was sent to a random sample of approximately 3,000 borrowers during repayment of their student loans in both 1985 and 1991. Useable surveys were received from 628…

This monograph consists, first, of a brief discussion of the methodology of a study comparing repayment of student loans and the impact of educational debt on students' life decisions in 1985 and 1991, and second, of extensive tables, profiles, and appendices which detail the study's findings. A survey was sent to a random sample of approximately…

A reference guide to federal student assistance programs is presented with a description and history of funding provided for each. For most programs, there is an analysis of the distribution of funding by sector, type of institution, and state. Information is also included on sources of revenue for public and private colleges and universities,…

The distribution of student financial aid funds at the state level is described and some of the variables that are associated with the allocation of funds from the different programs are identified. This paper is divided into several sections. The first reviews the work done on measures of educational opportunity and analyzes the shortcomings of…

Current financial assistance files at three public colleges/universities were examined to determine whether there is discrimination of women in the award of financial aid. Attention was directed to several specific assistance programs: Basic Educational Opportunity Grant Awards, National Direct Student loans, Guaranteed Student Loans, Supplemental…

The impact of student aid policies on women is assessed. Differences in the conditions affecting men's and women's need for aid are identified, along with actions that could improve women's participation in student aid programs. Gender issues in student aid policy include: loan burden, default, and bankruptcy; the award of merit scholarships;…

A study of loan availability in Michigan through the federal Guaranteed Student Loan Program outlines the evolution of federal lending programs for college students and describes program characteristics, funds, costs, defaults, and funding systems. The situation for borrowers and lenders in the state and its regions is examined, including…