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ERIC Number: ED017990
Record Type: RIE
Publication Date: 1967
Pages: 19
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
MONETARY POLICY AND THE FINANCING OF HIGHER EDUCATION.
SWAN, ELIOT J.
COMMERCIAL BANKS ARE EXPECTED TO PLAY AN INCREASINGLY IMPORTANT ROLE IN THE EXTENSION OF CREDIT UNDER THE HIGHER EDUCATION ACT OF 1965, AND BANKERS' ASSOCIATIONS ARE ACTIVELY PARTICIPATING IN THE DEVELOPMENT OF THIS PROGRAM. HOWEVER, THE EXTENT OF COMMERCIAL BANK PARTICIPATION CANNOT BE ENTIRELY INSULATED FROM THE BROADER PROBLEMS ASSOCIATED WITH THE COST AND AVAILABILITY OF CREDIT TO ALL POTENTIAL BORROWERS, THAT IS TO SAY, FROM THE PROBLEMS RELATING TO THE FORMULATION AND EFFECTS OF MONETARY POLICY. THIS PAPER CONSIDERS HOW THE CREDIT DEMANDS RELATED TO HIGHER EDUCATION, AND IN PARTICULAR THE STUDENT LOAN PROGRAM, ARE RELATED TO MONETARY POLICY. BANKS HAVE TWO INVESTMENT ALTERNATIVES RELATIVE TO STUDENT LOANS--THEIR OWN PLANS AND PARTICIPATION IN GUARANTEED LOAN PLANS. THESE PLANS AS WELL AS OTHER ASPECTS OF EDUCATIONAL FINANCE ARE DISCUSSED IN TERMS OF THE AVAILABILITY OF MONEY AS DICTATED BY FEDERAL RESERVE POLICY. THIS PAPER WAS PRESENTED AT THE COLLEGE SCHOLARSHIP SERVICE COLLOQUIUM ON FINANCIAL AID (3D, FONTANA, WISCONSIN, MAY 22-25, 1966) AND THE COMPLETE DOCUMENT, OF WHICH THIS IS ONE PAPER, "THE ECONOMICS OF HIGHER EDUCATION," IS AVAILABLE FOR $2.00 FROM THE COLLEGE ENTRANCE EXAMINATION BOARD, PUBLICATIONS ORDER OFFICE, BOX 592, PRINCETON, NEW JERSEY 08540. (HW)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Identifiers: FONTANA