Student Financial Assistance: Hearings, Ninety-third Congress, First[-second] Session, Part 3U.S. Government Printing Office, 1974 |
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Common terms and phrases
administrative costs amended application appropriate assistance authorized banks BRADEMAS cancellation capital centum Chairman collection commercial lenders Commissioner CONGRESS THE LIBRARY corporation default rate delinquency rate DELLENBACK determined Direct Student Loan due diligence effect eligible institution eliminate enrollment ERLENBORN established Federal Government Federal program federally insured loan feel fiscal FISL graduate grant GSLP guarantee agencies guaranteed loan guaranteed student loan Insured Student Loan June 23 June 30 legislation lending institutions LIBRARY OF CONGRESS LIFSON loan insurance program ment National Direct Student NDSL needs analysis nonprofit O'HARA obligations Office of Education participation payment percent period PHILLIPS principal amount problem procedures purposes pursuant question recommendations regulations reinsurance repayment Sallie Mae Secretary section 428 special allowance Stat student borrowers student financial aid student loan insurance student loan program subcommittee subsection subsidy suggested target team members tion
Popular passages
Page 69 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 225 - institution of higher education" means an educational institution in any State which (1) admits as regular students only persons having a certificate of graduation from a school providing secondary education, or the recognized equivalent of such a certificate, (2) is legally authorized within such State to provide a program of education beyond secondary education, (3) provide?
Page 69 - ... to be redeemable at the' option of the corporation before maturity in such manner as may be stipulated in such obligations, and...
Page 226 - ... are accepted, on transfer, by not less than three institutions which are so accredited, for credit on the same basis as if transferred from an institution so accredited.
Page 231 - Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued...
Page 231 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 229 - Interest on loans made under this section shall be at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the Secretary of Transportation to cover administrative costs and...
Page 69 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the Corporation.
Page 232 - The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the respective corporations and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositaries, fiscal agents, and custodians.
Page 208 - State does not have a student loan insurance program covered by an agreement made pursuant to section 428 (b), and the Commissioner determines after consultation with the chief executive officer of that State that there is no reasonable likelihood that the State will have such a student loan insurance program for such year, the Commissioner may make advances...