Ed 8': St 93/974/P1.3

STUDENT FINANCIAL ASSISTANCE

(Student Loan Programs)

2

HEARINGS

BEFORE THE

SPECIAL SUBCOMMITTEE ON EDUCATION

OF THE

COMMITTEE ON EDUCATION AND LABOR

HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

SECOND SESSION

PART 3

STUDENT LOAN PROGRAMS

HEARINGS HELD IN WASHINGTON, D.C.,
MAY 28, 29, 30, AND JUNE 3, 1974

Printed for the use of the Committee on Education and Labor
CARL D. PERKINS, Chairman

JAN 1976

36-045

STUDENT FINANCIAL ASSISTANCE

(Student Loan Programs)

HEARINGS

BEFORE THE

SPECIAL SUBCOMMITTEE ON EDUCATION

OF THE

COMMITTEE ON EDUCATION AND LABOR

HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

SECOND SESSION

PART 3

STUDENT LOAN PROGRAMS

HEARINGS HELD IN WASHINGTON, D.C.,
MAY 28, 29, 30, AND JUNE 3, 1974

Printed for the use of the Committee on Education and Labor
CARL D. PERKINS, Chairman

COMMITTEE ON EDUCATION AND LABOR

CARL D. PERKINS, Kentucky, Chairman

SPECIAL SUBCOMMITTEE ON EDUCATION

JAMES G. O'HARA, Michigan, Chairman

Andrews, Hon. Ike, a Representative in Congress from the State of

North Carolina__

Davis, Herm, director of financial aid at Montgomery College in Rock-

ville, Md., and president of the Delaware-D.C.-Maryland Association

of Student Financial Aid Administrators_.

Drolet, Harry J., senior vice president, Connecticut Bank & Trust Co.,

and Charles Looney, vice president, Wells Fargo Bank, representing

the American Bankers Association__

Evans, Jay, president, National Council of Higher Education Loan Pro-

grams, accompanied by William Nester, president-elect, NCHELP ;

and Carol Wennerdahl, legislative representative, NCHELP_.

Gregg, Lucius P., Jr., president, First Chicago University Finance

Corp

Harrison, Rodney J., director, student financial aid, Ohio State Univer-

sity

Jung, James A., executive secretary, Higher Educational Aids Board,

State of Wisconsin, accompanied by Richard Johnson, deputy to

Mr. Jung and Ernest Smith, administrator of student financial aid,

State of Florida----.

Lancaster, Gregory, Security Pacific National Bank of California--.

Lifson, K. A., Young Presidents' Organization___

Moore, James W., Acting Associate Commissioner, Office of Guaranteed

Student Loans, Office of Management, U.S. Office of Education,

Department of Health, Education, and Welfare, accompanied by

Charles M. Cooke, Jr., Deputy Assistant Secretary for Legislation

(Education); David C. Bayer, Assistant Director, Office of Guar-

anteed Loans; and Alice F. Hansen, Chief, Reports Section, of

Guaranteed Loans___

Phillips, Dr. John D., Acting Associate Commissioner for Student

Assistance, Bureau of Postsecondary Education, U.S. Office of Edu-

cation, Department of Health, Education, and Welfare, accompanied

by Charles Cooke, Jr., Deputy Assistant Secretary for Legislation

(Education); Dr. Leonard H. O. Spearman, Director, Division of

Student Support and Special Programs, Bureau of Postsecondary

Education; Richard Rowe, Deputy Director, Division of Student

Support and Special Programs, Bureau of Postsecondary Education;

and Patricia Hopson, Assistant Chief, Program Support Branch,

Bureau of Postsecondary Education____

172

108

83

177

54

87

164

197

112

26

1

Stokes, Dr. Rembert, president, Wilberforce University, Wilberforce,

Ohio, accompanied by Campbell Graf, Federal program director__

Tombaugh, Richard L., executive secretary, National Association of

Student Financial Aid Administrators__

204

91

Prepared statements, letters, documentary and other supplementary material,

etc.: