ERIC Number: ED107175
Record Type: Non-Journal
Publication Date: 1974
Reference Count: N/A
Pennsylvania Higher Education Assistance Agency. Annual Report for 1973-74.
Pennsylvania Higher Education Assistance Agency, Harrisburg.
The 1973-74 annual report of the Pennsylvania Higher Education Assistance Agency covers three main areas. (1) The State Higher Education Grant Program, previously called the State Scholarship Program, awarded grants to 28,133 persons who were 1973 high school graduates, 56,728 "renewals" (also had awards in 1972-73), and 21,613 upperclassmen who did not have an award in the previous year but who needed help to return to school in the fall of 1972. (2) The State Student Loan Guaranty Program provides guarantees to lenders who make loans to students for their schooling. Participating lenders extended $87,908,863 in new loans. Some 68,389 new and renewed loans were made and 29,685 new borrowers used the program. (3) The Matching Funds Program matches the federal allocations distributed through the National Direct Student Loan (NDSL), Nursing Student Loan, and College Work-Study. The federal/state matching ratios of the three programs are as follows: National Direct Student Loan, nine federal dollars to one state dollar; Nursing Student Loan, nine federal dollars to one state; and College Work-Study Program, four federal to one state. An accompanying table shows dollar amounts contributed by the state and the federal government for each program, and the totals for both the 1973-74 academic year. (Author/KE)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Pennsylvania Higher Education Assistance Agency, Harrisburg.
Identifiers - Location: Pennsylvania
Identifiers - Laws, Policies, & Programs: National Direct Student Loan Program