Word: gibsons
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Those who advocate the changes, including R. Jerrold Gibson '51, Harvard's director of student loans, claim that their recommendations will establish some sorely needed coordination in the nation's loan program...
...consolidating all types of student loans, by making the terms of all loans the same, and by generally equalizing loans, we would be taking a step toward better debt management," Gibson said...
...Nychis, director of financial aid at Wellesley and a member of the panel which drafted the report, agreed with Gibson that the loan proposals "would be a help to the federal government in its budget considerations...
...Gibson said that the report seeks to raise the terms of student loans administered under the National Direct Student Loan program (NDSL) from 3 to 7 per cent in order to reduce delinquency in repayment...
...important point, however, is the great potential cost of implementing the Carnegie plan," Gibson said. "We feel that the consortium report is somewhat realistic in terms of financial expectations...