Federal Direct Student Loans: Hearing Before the Committee on Labor and Human Resources, United States Senate, One Hundred Second Congress, Second Session, on S. 2255, to Amend Part D of Title IV of the Higher Education Act of 1965 to Provide for Income Dependent Education Assistance, February 25, 1992, Volume 4This document provides testimony, prepared statements, articles, publications, and other materials concerning the issue of augmenting current student financial assistance programs with the addition of direct student loans (Self Reliance Loans), and examines responsible ways in which the federal government should move in this direction. Among the persons providing testimony are the following: U.S. Senators Bill Bradley (New Jersey), Edward M. Kennedy (Massachusetts), Orrin G. Hatch (Utah), Nancy Landon Kassebaum (Kansas), Paul Simon (Illinois), Strom Thurmond (South Carolina), and Daniel K. Akaka (Hawaii) and U.S. Representative Thomas E. Petri (Wisconsin). Additional witnesses giving testimony or prepared statements include, among others,: John Silber, president, Boston University (Massachusetts); Father William J. Byron, president, The Catholic University, Washington, D.C.; Barry Bluestone, professor of political economy, University of Massachusetts, Boston, Massachusetts; Roxie LaFever, vice president, financial aid, University of Phoenix, Phoenix, Arizona; and Elizabeth M. Hicks, coordinator of financial aid, Harvard University, Cambridge, Massachusetts. Materials presented include "Concerns and Unanswered Questions Regarding Income Dependent Education Assistance (IDEA) aka Self Reliance Loans," and a copy of a discussion draft of a bill to amend Part D of Title IV of the Higher Education Act of 1965 to provide for income dependent education assistance. (GLR) |
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administrative aid programs amount bill Boston University budget Chairman committee Congress costs debt burdens default rates demonstration dents Department of Education dependent education assistance direct lending direct loan program earnings educa eligible entitlement families federal direct loans Federal Government funds going graduates gram Guaranteed Student Loan higher education higher education bill HOOYMAN Hope College income dependent education income-contingent loan increased interest rate Internal Revenue Service issue Jerry Davis Jim Helm John Silber legislation lenders ment million opportunity options participating payments Pell Grant percent Perkins Loan program postsecondary education PREPARED STATEMENT President problems promissory note proposal questions repay their loans Sallie Mae Secretary self-reliance loans Senator BRADLEY Senator Durenberger Senator HATCH Senator KASSEBAUM Senator SIMON Silber Stafford Loan program STATEMENT OF SENATOR student aid student borrowers student financial aid student loan program T-bill taxpayers Thank tion tuition USSA