Word: ndsl
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Harvard administrators said yesterday that the University's student loan payments will not be endangered because Harvard's 7.5 per cent default rate falls below NDSL's proposed limits. Harvard students receive approximately $1.5 million annually from NDSL grants...
Secretary of Education Terrel H. Bell seeks to penalize institutions with default rates of 10 to 25 per cent on the National Direct Student Loan Program (NDSL), which grants money directly to colleges...
Black said yesterday that the Reagan Administration may propose the elimination of the NDSL subsidies for 1983 in accordance with its program of fiscal restraint...
Recipients of another loan program, the Guaranteed Student Loan (GSL) may use extra earnings to pay tuition as well. Harvard and private banks provide the GSL's, while the federal government issues the NDSL, which focuses more on need...
Most students using either the NDSL or the GSL will be required to meet with financial aid officers soon to negotiate alterations in their packages. Notices will be sent out to remind those who have reached their earning ceilings...