Word: gsls
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...assistance programs, most educators agree, the GSLs are the most in need of some sort of control. Ever since the Carter administration dramatically expanded eligibility for the loans and removed the maximum income ceiling altogether, the governmental cost of financing the loans has rocketed...
gram with exorbitant interest rates." Bok noted that switching from GSLs to ALAS would increase a student's interest by 242 percent...
...bargain" by playing against each other the two major threats to aid--the Poll grants, cuts in direct aid for needy undergraduates and the effort to cut for needy under graduated and the efforts to cut all graduate and professional students off from eligibility for guaranteed student loans (GSLs...
...proposals are "something of a red herring," Dallas Marin president of the National Association of Student Financial Aid Administrators told the lobbyists. He counseled that students counter any suggestion of resorting the GSLs in "exchange" for the Pell grants by "telling them, 'We absolutely dismiss this; now let's look at the rest of your bad proposals...
...self-help College Work-Study plan. The largest program is Guaranteed Student Loans (GSL), which provides $7.7 billion to 3.5 million students (52% more than last year's number), many from families earning much more than $30,000 a year. Under Reagan's proposed budget, GSLs would require a far stricter determination of student need and a higher interest (the going commercial rate vs. a fixed 9%). Graduate students would not be eligible for GSLs at all, but could take out high-interest auxiliary loans. The Government also plans to cut Pell Grants by 40%, reduce Work-Study...