Word: thegovernmental
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Wilson, who has been consulted by thegovernment on radiation hazard matters after theChernobyl and Three Mile Island accidents, saidthe experiments must be viewed in the context ofthe ethics of the time.
Hicks emphasized that students in the newprogram would only have to make payments to thegovernment, even if they have taken loans frombanks in the past.
Under the current Federal Family Education LoanProgram, students apply for loans throughcolleges. Banks provide the money and thegovernment pays the loan's interest until thestudent leaves school. If a student defaults, oneof 47 guarantor agencies repays the lender andthen tries to collect the debt.
The Clinton administration estimates directloans could save $4.3 billion in five years, fromthe fees it now pays lenders and from fewerdefaults. In fiscal 1993, for example, thegovernment issued 6.1 million loans worth $18billion. Default costs totaled $2.5 billion.
BGLSA members said they also plan to invite thegovernment professor to "tea" or to one of theirmeetings to discuss his remarks.