ERIC Number: ED049701
Record Type: RIE
Publication Date: 1968-Apr
Reference Count: 0
The Educational Opportunity Bank.
Jellema, William W.
The Educational Opportunity Bank (EOB) has received short shrift among educators and many objections have been raised to establishing it. Among these are the workability of the plan, the problem for women borrowers, and the creation of a new force--student financial power - in opposition to the influence of the Federal Government. Though important, these are secondary questions. A MIT study has concluded that the plan is economically feasible, but questions concerning the legitimacy, adequacy, and merit of the plan are vital. Some of the plan's positive benefits are: (1) it would provide considerable monies to higher education very quickly; (2) it would improve the competitive stance between private and public higher education; (3) it will largely obviate the need for institutions to take one side or the other in the church-state issue; and (4) it places emphasis on the notion that the individual receives the primary benefit from his education. In addition, the plan would reduce Government's opportunity to manipulate choice by pulling the strings on research, facilities, and staff, and if extended to the graduate years, would free the student from economic dependence on his parents. (AF)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Association of American Colleges, Washington, DC.
Identifiers: Educational Opportunity Bank
Note: A working paper prepared for the Commission on College Administration of the Association of American Colleges, April, 1968