ERIC Number: ED111298
Record Type: RIE
Publication Date: 1974-Dec
Reference Count: N/A
Study of the Advantages and Disadvantages of Student Loans to Women.
Froomkin (Joseph) Inc., Washington, DC.
Historically, proportionately fewer women than men enter college and those that enter are faced with higher out-of-pocket expenses. Often they depend on borrowing to meet college costs. This document examines the suitability of existing loan arrangements for financing the postsecondary education of women. It also evaluates other, alternative, loan repayment rules and arrangements that would make debt financing more suitable to female earning patterns. The document concludes that in certain circumstances it may be worthwhile to make loans more suitable to women who wish to finance their postsecondary education. It is suggested that the following steps be taken to modify repayment terms of such loans: (1) the minimum repayment amount of $30 a month be reduced; (2) the term of guaranteed loans be extended to 20 years; (3) special loan options to defer repayment of interest and principal be extended to households with children under six; and (4) a $2,000 special allowance for child care in determining eligibility for interest subsidy. (Author)
Descriptors: Child Care, Costs, Educational Finance, Females, Financial Needs, Financial Support, Mothers, Postsecondary Education, Student Loan Programs, Womens Education
National Technical Information Service, 5285 Port Royal Road, Springfield, Virginia 22161 (PB-240-730, MF $2.25, HC $5.25)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Department of Health, Education, and Welfare, Washington, DC. Office of the Assistant Secretary for Planning and Evaluation.
Authoring Institution: Froomkin (Joseph) Inc., Washington, DC.