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ERIC Number: ED037206
Record Type: RIE
Publication Date: 1970-Feb
Pages: 29
Abstractor: N/A
Reference Count: 0
Financing Higher Education: A Proposal.
Collins, Charles C.
Approximately 50% of higher education support comes from taxes; 40% from tuition and fees; 8% from endowments and gifts; and 2% from business. Presented here is a proposal for a revolving federal fund to cover operating costs for public and private institutions of higher education. An agency (the Higher Education Finance Corporation) would be set up and would authorize loans covering operating costs for students while they attend college. The recipients of these loans would repay them after becoming employed. A surtax would be added to the borrower's federal income tax when his net income reaches an affluent level. In addition, this proposal calls for an equal-share contribution from the borrower's employer to pay back the loan. (BB)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: George Washington Univ., Washington, DC. ERIC Clearinghouse on Higher Education.; ERIC Clearinghouse for Junior Colleges, Los Angeles, CA.