Word: gsls
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Dates: during 1980-1989
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Last year 9.4 percent of U.S. student borrowers defaulted on GSLs, he said...
Director of Financial Aids James S. Miller yesterday called the cuts, which include eliminating Guaranteed Student Loans (GSLs) for students whose family income is more than $32,500, the severest he has ever heard...
Most of the more than 4000 Harvard undergraduates now on GSLs and a majority of the almost 900 students receiving Pell grants would be disqualified from the program under the proposals, said Miller...
During the late 1970s and into the 80s the demand for student loans exploded largely because of the rising cost of higher education and a 1978 government decision onto make GSLs available to any student on very generous terms...
...Guaranteed Student Loan Program (GSL). Established in 1965. GSLs provide a buffer for students, insuring private loans, subsidizing loan interest while the student is in school, and making up the differences between the student interest rate and market rates...