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ERIC Number: ED038128
Record Type: RIE
Publication Date: 1969-Oct
Pages: 53
Abstractor: N/A
Reference Count: 0
A Proposal for Financing Higher Education.
Collins, Charles C.
Under the present system of financing higher education, only slightly more than 25 per cent of American families can meet the cost of tuition, even when it is as low as $200 a year. In view of this fact, the author proposes a revolving federal loan fund to cover the operating costs for public and private institutions of higher education. Students would apply for loans and these would be administered by the Higher Education Finance Corporation. Over a ten-year period, loans would be paid back by the graduate and his employer through a surtax on his income when it reaches a reasonably affluent level. A model describes how the loan fund would become revolving within ten years, or when the first group of borrowers' loans are due for repayment. (RC)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A