Toward Improvement of Credit Policies on Guaranteed Student Loans.

Autor/in	Shay, Robert P.
Titel	Toward Improvement of Credit Policies on Guaranteed Student Loans.
Quelle	(1982), (40 Seiten)Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; Monographie
Schlagwörter	Banking; Credit (Finance); Federal Programs; Financial Services; Legal Responsibility; Loan Repayment; Postsecondary Education; Program Administration; Public Policy; Student Financial Aid; Student Loan Programs; Student Responsibility + Suchen Sie Ihr Suchwort? Bankgeschäft; Credit; Kredit; Strafmündigkeit; Post-secondary education; Tertiäre Bildung; Öffentliche Ordnung; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung
Abstract	Four aspects of the Guaranteed Student Loan (GSL) Program are compared with credit policies on other loans made by consumer installment lenders. The four aspects are: (1) the planning, screening, monitoring, collecting, and write-off policies on GSLs versus uninsured loans; (2) the importance of the Student Loan Marketing Association in providing a secondary market for student loans and servicing other needs of consumer lending institutions; (3) consideration of the effects of past growth in the GSL program in shaping its expected future role; and (4) recommendation of alternative GSL policies to induce behavior by lenders, borrowers, and participating institutions that will ensure the continued viability of the GSL program during the next decade. Four areas of concern are as follows: the lack of screening of credit applicants for their prospective creditworthiness; criticism that students are not using GSL funds to finance their education; that Sallie Mae remains a viable intermediary in the GSL market; and that participating credit institutions will maintain their support of the GSL program. Six GSL credit policy recommendations are offered. (SW)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC