STAFF, CONSULTANTS, ADVISORY COMMITTEE AND ADVISORS FOR THE STUDY STAFF John I. Kirkpatrick, vice president, college entrance examination board, and director, college scholarship service, study director. Thomas M. Brennan, special staff consultant. Kingston Johns, Jr., assistant director, southern regional office, college entrance examination board. Robert J. Kates, assistant director, northeastern regional office, college entrance examination board. Darrell R. Morris, director of regional planning, college entrance examination board. James E. Nelson, associate director, western regional office, college entrance examination board. William D. Van Dusen, assistant director, college scholarship service, college entrance examination board. CONSULTANTS Questionnaire formulation and analysis: Columbia University, bureau of applied social research: Guaranteed loan program: Jack B. Critchfield, dean of student affairs, University of Pittsburgh; Kenneth R. Reeher, executive director, Pennsylvania. higher education assistance agency. Guaranteed vocational student loan program: Leon S. Tunkel, coordinator, Albany Regional Center, State University College at Oswego, N.Y. National defense student loan program: Martin J. Meade, vice president for student personnel, Fordham Cuban refugee student loan program: Roger Bernard, assistant dean of Fordham College, Fordham Health professions student loan program: Donald A. Boulton, assistant dean of admissions and student affairs, State University of New York, Upstate Medical Center. Nursing student loan program: Eileen Jacobi, dean, school of nursing of Adelphi University, New York; Eleanor Lambertson, director, division of nursing education, Teachers College, New York. ADVISORY COMMITTEE Howard Bowen, president, University of Iowa, chairman. Frank L. Kidner, vice president for education relations, University of California, Berkeley, vice chairman. Glen Barnett, vice president for student affairs, University of Colorado. Victor Bell, vice president, First Citizens Bank & Trust Co., North Carolina; president, College Foundation, Inc., North Carolina. Arnold M. Bloss, supervisor of student financial aid, Clemson University, South Carolina. Edward Bryant, president, Bryant-McIntosh School of Business, Massachusetts. Dr. Judah Cahn, Rabbi, Metropolitan Synagogue of New York; chairman, New York Higher Education Assistance Corp. Thomas Clough, vice president, First National City Bank, New York City. Roy Dugger, vice president, Texas A. & M. University; director, James Connally Technical Institute, Waco, Tex. John E. Gray, president, First Security National Bank, Beaumont, Tex.; chairman, coordinating board, Texas College & University System. Fred Heitmann, president, Northwest National Bank, Chicago; member, Illinois Board of Higher Education; former chairman, Illinois State Scholarship Commission. Carl W. Janke, comptroller, Harvard University. K. V. Larkin, vice president, Bank of America, San Francisco. Arthur S. Marmaduke, executive director, California State Scholarship & Loan Commission, Sacramento, Calif.; chairman, College Scholarship Service Committee of CEEB. Rev. Laurence J. McGinley, vice president, St. Peter's College, Jersey City, N.J.: director, New York Higher Education Assistance Corp. Edwin H. Miner, president, Voorhees Technical Institute, New York City. John W. O'Neil, assistant vice president, the Boatmen's National Bank of St. Louis; member, American Bankers Association Ad Hoc Committee on Guaranteed Loan Program. Wilbur K. Pierpont, vice president, University of Michigan. John Reynolds, senior vice president, First National City Bank, New York City. Frank A. Rose, president, University of Alabama. Marvin Wachman, president, the Lincoln University, Pennsylvania; commissioner, Pennsylvania Higher Education Assistance Agency. Steven Wright, president, United Negro College Fund, Inc., New York City. Jerrold R. Zacharias, Department of Physics, Massachusetts Institute of Technology; chairman, Panel on Educational Innovation. (under the auspices of the President's Science Advisory Committee). ADVISERS Thomas R. Atkinson, deputy manager, American Bankers Association. James Birkley, grants officer, New York City Community College of Anthony Di Stefano, director, Teterboro School of Aeronautics. Mary Ellis, director of field services, American Vocational Association. Edward J. Gannon, special assistant to the executive vice president, American Bankers Association. William A. Goddard, executive director, National Association of Trade & Technical Schools. George Hanc, director of research, National Association of Mutual Savings Banks. Kenneth Jablon, marketing research analysts, American Bankers Association. David A. Lochmiller, president, National Home Study Council. Albert F. Lockwood, assistant vice president, Chemical Bank New York Trust Co. Anthony L. Longmore, assistant comptroller, the Dime Savings Bank of Brooklyn. Howard D. MacDougall, director of bank operations and services, Savings Banks Association of New York State. Donald J. Melvin, legislative and legal counsel, National Association of Credit Unions. John P. Mosier, assistant manager, First National City Bank. Walter Polner, director, Department of Research and Economics, National Association of Credit Unions. L. Joseph Salm, executive assistant, U.S. Savings & Loan League. Thomas Shaw, dean of students, New York City Community College of Applied Arts & Sciences. John Stafford, director of research, U.S. Savings & Loan League. I. INTRODUCTION The U.S. Office of Education entered into an Agreement, dated April 3, 1967, with the College Entrance Examination Board for the study of the six federally assisted student loan programs, known as the national defense student loan program, Guaranteed Loans under Higher Education Act of 1965, Guaranteed Loans for Vocational Students, Health Professions Student Loan Program, Nursing Student Loan Program, and Cuban Refugee Student Loan Program. The task statement for the study (see app. A) calls for the gathering of information and the evaluating of factors bearing on the organizations and operations of federally supported student loan programs in relation to the following two policy guides: 1. The Federal Government, as a matter of public policy, has fostered student loans as a principal means of providing assistance to needy students, and is now extending benefits of loans to students from middle-income families not previously eligible so that additional students will attend college. 2. The Federal policy is to minimize direct loans financed from the Federal Treasury, and maximize loans through private financial sources assisted by Federal credit such as guarantees and subsidized as to interest rate in order to keep the cost to the student low, and minimize the difference in cost to the student between a direct Federal loan and guaranteed loan. The task statement also calls for the following: The evaluation will cover administration of the student loan programs, the problems of student loan collections, and other significant areas of student loan operations. In total, the study will develop and propose measures to make federally assisted student loan programs best serve the Nation's broad educational objectives. To the extent these measures call for revisions in existing legislation specific phasing plans for the transition will be formulated for action on a step-by-step basis to avoid any setback or disruption in meeting this expanding need for student financial aid. The optimum operational conditions desired from the federally assisted student loan programs will: 1. Assure students eligible under Federal policies access to loans to be used to enter upon or further their college education. 2. Provide maximum administrative simplicity with the cost of operation of the program held to an economical level. 3. Assure a business-like approach that will result in collection of loans with minimum collection losses. 4. Create effective administrative relationships and harmony among the parties; that is, the Federal Government, the educational institution, the State or private guarantee agency, and the lender, in meeting the needs of the student. 5. Facilitate maintenance of appropriate interrelationship with all other forms of student financial aid, scholarships, grants, work-study, or other student employment programs, or precollege savings programs. The time limitations of the study made it extremely difficult to deal in depth with all the key study problems outlined in the task statement. The budgetary limitations made it impossible to investigate some of the problems, and hence it was agreed between the U.S. Office of Education and the College Entrance Examination Board to omit study of 89-971-68-2 |