Higher Education Amendments of 1979: Hearings Before the Subcommittee on Education, Arts, and Humanities of the Committee on Labor and Human Resources, United States Senate, Ninety-sixth Congress, First Session, on S. 1839 ....U.S. Government Printing Office, 1980 |
From inside the book
Results 1-5 of 100
Page 9
... changes we would recommend : A. Establishing the Interest Rate at 3 Percent . Both HR 5210 and S 1600 propose an interest rate of 7 percent on the student loans . We consider this excessive . Economists recognize that the gross interest ...
... changes we would recommend : A. Establishing the Interest Rate at 3 Percent . Both HR 5210 and S 1600 propose an interest rate of 7 percent on the student loans . We consider this excessive . Economists recognize that the gross interest ...
Page 37
... changes that you may want to make in it . I would simply like to say , by way of an opening comment , that I feel that the investment that the Government makes in education is probably the wisest expenditure of public funds that we make ...
... changes that you may want to make in it . I would simply like to say , by way of an opening comment , that I feel that the investment that the Government makes in education is probably the wisest expenditure of public funds that we make ...
Page 59
... changes in other aspects of the mix . Now with this as background , let me turn to the proposed Na- tional Student Loan Reform Act , the matter of loan assistance . One of the most attractive features of this proposal is that qualified ...
... changes in other aspects of the mix . Now with this as background , let me turn to the proposed Na- tional Student Loan Reform Act , the matter of loan assistance . One of the most attractive features of this proposal is that qualified ...
Page 87
... changes in Federal student loan programs . And I think there is widespread agreement among many members of the financial aid community on many provisions in this bill . We , in short , favor a comprehensive reform of the loan program ...
... changes in Federal student loan programs . And I think there is widespread agreement among many members of the financial aid community on many provisions in this bill . We , in short , favor a comprehensive reform of the loan program ...
Page 88
... change there would be that parent repayment schedules begin soon after the loan is made , with an option to defer ... changes necessary to provide Sallie Mae with the flexibility to play its extended role can easily be made part of ...
... change there would be that parent repayment schedules begin soon after the loan is made , with an option to defer ... changes necessary to provide Sallie Mae with the flexibility to play its extended role can easily be made part of ...
Other editions - View all
Common terms and phrases
academic administration aid programs allocation amended amount application appropriations assisting agencies Association attend award banks Basic Grant Bellmon bill borrow campus capital Carnegie Council Chairman Commissioner committee Congress cost default developing institutions Direct Student Loan dollars Educational Opportunity Grant eligible enrolled expected family contribution family contribution federal government federal student financial aid officer fiscal funds graduate grant programs Guaranteed Student Loan half-cost Higher Education Act increase insure interest rate interest subsidy Kennedy-Bellmon legislation lending maximum million MOYE NDSL Office of Education Paul's College payments Pennsylvania percent PHEAA postsecondary private lenders problem proposal quartile reauthorization receive recommendations repayment Sallie Mae Section sector Senator PELL Senator SCHWEIKER Senator STAFFORD SEOG September 30 Social Security special allowance SSIG student aid student assistance student financial aid student loan program Subcommittee Thank tion tuition U.S. SENATE undergraduate work-study
Popular passages
Page 390 - The Administrator, to the extent necessary in order to prevent curtailment of opportunities for employment, shall by regulations or by orders provide for (1) the employment of learners, of apprentices...
Page 392 - Secretary may issue a certificate or order under this subsection he must find that such employment will not create a substantial probability of reducing the full-time employment opportunities of persons other than those employed under this subsection.
Page 330 - ... installments (or if the borrower so requests in graduated periodic installments determined in accordance with such schedules as may be approved by the Commissioner...
Page 393 - Pull- time students are not to be employed by an institution of higher education at subminimum wages under this subpart in unrelated trades or businesses as defined and applied under sections 511 through 515 of the Internal Revenue Code, such as apartment houses, stores, or other businesses not primarily catering to the students of the institution. (h) Certificates will not be issued where such issuance will result in a reduction of the wage rate paid to a current employee, including current student...
Page 393 - ... similarly posted during the effective period of such authorization. (b) Full-time students may not be employed under a certificate at less than 85 percent of the minimum wage applicable under section 6 of the Act. (c) An institution of higher education shall not employ full-time students at subminimum wages under this subpart in unrelated trades or businesses...
Page 390 - The other limitations implement the provisions relating to employment opportunities, ie, the "extent necessary in order to prevent curtailment of opportunities for employment" and the requirement that the regulations shall "prescribe standards and requirements to insure that this paragraph will not create a substantial probability of reducing the full-time employment opportunities of persons other than those to whom the minimum wage rate authorized by" section 14(b) of the Act is applicable.
Page 333 - ... what is an acceptable match for an SEOG are an unnecessary administrative burden. Elimination of this provision will help to reduce paperwork within the institution. Likewise, we have inserted a clause in section 413B(a) (2) (B) to clarify the $200 minimum academic year award in SEOG. We feel that $200 minimum award is reasonable. However, we would propose that a statement be added which states: "For a student enrolled for less than a full academic year, the minimum payment required may be reduced...
Page 392 - Washington, DC, and in the appropriate Regional Office of the Wage and Hour Division (or the Denver, Colorado Area Office for Colorado, North Dakota, and South Dakota; the Salt Lake City, Utah Area Office for Montana, Utah, and Wyoming; and the Caribbean Office for the area it covers) for institutions of higher education in its area. A period of 60 days will be provided after certificate issuance during which any interested person may file a written request for reconsideration or review. (e) If a...
Page 325 - ... the student is, or will be, unable to complete a course of study within four academic years because of a requirement of the institution of such course of study that the student enroll in a noncredit remedial course of study ; in either which case such period may be extended for not more than one additional academic year. (B) For the purposes of clause (ii) of subparagraph (A), a "noncredit remedial...
Page 342 - Code, shall be considered as effective income for such student. (C) The Commissioner shall promulgate special regulations for determining the expected family contribution and effective family income of a student who is determined (pursuant to regulations of the Commissioner) to be independent of his parents or guardians (or the person or persons having an equivalent relationship to such student). Such special regulations shall be consistent with the basic criteria set forth in division (ii) of subparagraph...