Word: monroe
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...National Defense Student Loan Program provides American colleges and universities with a "remarkable opportunity" to increase their financial aid resources, Dean Monro said recently in the winter issue of the College Board Review. Before the new plan is fully effective, however, college communities must solve two formidable problems, Monro pointed...
...Monro praised the plan, explaining that it should increase flexibility in student aid programs and develop loan credit as an accepted element of college finances...
First, though, Monro continued, the idea that "students just do not want loans" must be dispelled. He cited figures indicating that "it is within the power of any college to develop an active student interest in loans." As to the question of whether it is "moral" to encourage students to borrow in order to pay their college bills, Monro noted that people seem to have little reservation about taking on other large debts...
...second place, colleges and universities will have to learn to evaluate the needs of prospective borrowers. Lack of experience in this area, Monro maintained, should not make such measurement difficult; any good system needs only a firm, reasonable expense budget, and an equally well-determined estimate of family aid and student self-help...
...Monro hopes that if other Masters can arrange it, he will be able to rotate his room among the Houses and thus not be identified with any one House in particular. He indicated that he would use the room for study, writing, and occasionally for entertaining guests...