STUDENT FINANCIAL ASSISTANCE (Student Loan Programs) HEARINGS BEFORE THE SPECIAL SUBCOMMITTEE ON EDUCATION. •Congress. Howe OF THE COMMITTEE ON EDUCATION AND LABOR.) NINETY-THIRD CONGRESS SECOND SESSION 36-045 PART 3 STUDENT LOAN PROGRAMS HEARINGS HELD IN WASHINGTON, D.C., Printed for the use of the Committee on Education and Labor U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1974 KF27 E32b 19738 Pt.3 COMMITTEE ON EDUCATION AND LABOR CARL D. PERKINS, Kentucky, Chairman FRANK THOMPSON, JR., New Jersey ALBERT H. QUIE, Minnesota EDWIN B. FORSYTHE, New Jersey JACK F. KEMP, New York PETER A. PEYSER, New York SPECIAL SUBCOMMITTEE ON EDUCATION MARIO BIAGGI, New York PHILLIP BURTON, California JOHN BRADEMAS, Indiana JOSEPH M. GAYDOS, Pennsylvania IKE ANDREWS, North Carolina WILLIAM LEHMAN, Florida JAIME BENITEZ, Puerto Rico JOHN DELLENBACK, Oregon JOHN N. ERLENBORN, Illinois MARVIN L. ESCH, Michigan JACK F. KEMP, New York ROBERT J. HUBER, Michigan (II) Hon. Ike, a Representative in Congress from the State of 172 Au 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 Harrison, Rodney J., director, student financial aid, Ohio State Univer- 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, 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 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___. Stokes, Dr. Rembert, president, Wilberforce University, Wilberforce, Tombaugh, Richard L., executive secretary, National Association of 204 Prepared statements, letters, documentary and other supplementary material, etc.-Cont. II. Office of Education materials: Moore, James W., Acting Associate Commissioner, Office of Guaranteed Annual loan volume, fiscal years 1969-73 (by State) Loan volume (by State) July 1, 1973 through April 30, 1974---- Percent of loans disbursed by type of lending institution, Phillips, Dr. John D., Acting Associate Commissioner for Student National direct student loan program, fiscal years 1959-75---- Total numbers of NDSL borrowers whose loans are in potential III. Other materials submitted: Abdnor, Hon. James, a Representative in Congress from the State of Gregg, Lucius P., president, First Chicago University Finance Corp.: Statement by Fiscal 1973 national direct student loan program, OSU (table). Lifson, K. A., Young Presidents' Organization, “YPO Task Force on "The Guaranteed Student Loan Program" an issues paper.. Stokes. Dr. Rembert, president, Wilberforce University: Student income and expenses, 1972-73 (table)– Tombaugh, Richard L., executive secretary, National Association of Turlington, Ralph D., commissioner, Department of Education, State 171 |