A STUDY OF FEDERAL STUDENT LOAN PROGRAMS Conducted by the College Entrance Examination Board JOHN I. KIRKPATRICK COLLEGE ENTRANCE EXAMINATION BOARD, 1968 (III) LETTER OF TRANSMITTAL DEPARTMENT OF HEALTH, EDUCATION, AND WELFARE, OFFICE OF EDUCATION, Washington, D.C., February 16, 1968. Senator WAYNE MORSE, Chairman, Subcommittee on Education, Senate Committee on Labor and Public Welfare, Senate Office Building, Washington, D.C. DEAR MR. CHAIRMAN: Enclosed is "A Study of Federal Student Loan Programs," conducted for the Office of Education by the College Entrance Examination Board. This study covers six federally assisted student loan programs: The national defense student loan program, guaranteed loans under the Higher Education Act of 1965, guaranteed loans under the Vocational Student Loan Insurance Act of 1965, health professions student loan program, nursing student loan program, and Cuban refugee student loan program. The evaluation covers administration of the student loan programs, the problems of student loan collections, and other significant areas of student loan operations. In addition, the study proposes measures to make federally assisted student loan programs best serve the Nation's broad educational objectives. While the Office of Education reserves the right to differ with any of the specific recommendations, we believe that you will find the study useful for your forthcoming hearings on the administration's Higher Education Amendments of 1968. Sincerely yours, HAROLD HOWE II, U.S. Commissioner of Education. (V) FOREWORD The following is a study and evaluation of six federally assisted student loan programs. The evaluation covers the administration of student loan programs, the problems associated with loan collections and other significant areas of the operation of the six programs. These materials can be most helfpul to all those who will be involved in the extension and modification of these programs during the present Congress and the next Congress. This study was conducted by the College Entrance Examination Board at the request of the Office of Education. I would like to commend Mr. John I. Kirkpatrick, vice president of the College Entrance Examination Board, who directed the study, and his staff for their careful sifting of the massive data available for the study. Their accomplishment, in my judgment, is unique. I would like to thank, on my own behalf and in behalf of my colleagues on the Subcommittee, Commissioner Howe and James W. Moore, Director of the Division of Student Financial Aid, OE, for their assistance in bringing the study to the attention of the Senate Education Subcommittee and for technical assistance in editing the work for this committee print. WAYNE MORSE, Chairman, Education Subcommittee. (VII) |