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ERIC Number: ED118011
Record Type: Non-Journal
Publication Date: 1970-Jun
Pages: 27
Abstractor: N/A
Reference Count: N/A
[Maryland Higher Education Loan Corporation] Annual Report to the Governor and the General Assembly of Maryland.
Maryland Higher Education Loan Corp., Baltimore.
The Maryland Higher Education Loan Corporation was created by an Act of the 1963 Maryland General Assembly. After several changes in the corporation and some study of various state and private student loan plans and developing regulations and procedures, the corporation became operational in July 1965. Agreements were made with United Student Aid Funds, Incorporated to endorse all notes approved by the Maryland Higher Education Loan Corporation and guarantee repayment of 100 percent of the principal and accrued interest to the participating lenders in case of death, disability, or default by the student borrower, and with the U.S. Commissioner of Education to make borrowers eligible for Federal Interest Subsidy on their loans. This annual report of the corporation contains: (1) a program summary; (2) loans approved, by month; (3) budget summary; (4) condition of research account; (5) guarantee capability statement; (6) loans approved, by county or students' residence; (7) loans approved, by lender; (8) loans outstanding, by Maryland lenders; (9) distribution of borrowers, Maryland schools; and (10) profile of student borrowers. (Author/KE)
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Maryland Higher Education Loan Corp., Baltimore.
Identifiers - Location: Maryland