Word: aid
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Dates: during 1980-1989
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Unfortunately, Bennett's plan for dealing with the problem is greatly flawed. If more than 20 percent of a college's students were to default on their loans, the college would lose all federal student aid. This should provide enough incentive for most colleges to keep their students on a short leash...
Bennett's plan also makes a mistake in linking institutions to the activities of their students. True, colleges and universities can do more to solve the debt problem by counseling borrowers and by supplementing financial aid packages out of their own coffers. Perhaps more effective ethics instruction in the Core could better educate students about their social obligations. But completely cutting off schools where some students fail to honor their loans only penalizes the great majority of incoming students who would...
...time of belt-tightening on Capitol Hill, congressmen want to see their education money used wisely before they decide to spend more. Universities would further their own interests by taking the loan situation more seriously. Why should any senator or representative allocate funds for student aid programs when he knows many of the borrowers never will pay back their loans...
...ALARMING loan problem is a powerful indictment of Bennett and the administration more than it is of colleges. During the last seven years, federal aid to students has dropped, and most of what needy students are receiving is coming in the form of loans rather than outright grants. The Reagan Administration's pursuit of short-term budget savings has saddled students with staggering debt burdens...
Experts said that possible solutions to theproblem include increasing Federal aid tostudents, stepping up recruitment, and redoublingefforts to retain minorities once theymatriculate, said Francis Keppel, professor ofeducation and U.S. commissioner of education forthe Kennedy and Johnson administrations...