ERIC Number: ED171189
Record Type: Non-Journal
Publication Date: 1978-Sep-29
Reference Count: N/A
An Analysis of the Tuition Advance Fund Bill.
National Association of Independent Colleges and Universities, Washington, DC. National Inst. of Independent Colleges and Universities.; Data Resources, Inc., Lexington, MA.
The Tuition Advance Fund (TAF) bill is analyzed on theoretical economic grounds, and forecasts of the net costs of the proposed program up to 1990 are offered. The TAF bill proposes the establishment of a new system of college loans as an addition to existing programs to allow students to borrow tuition plus an allowance for other costs. Novel ideas in the bill include treatment of loan payments as tax obligations and pooling of income of married couples with loans for the purpose of calculating taxable income. Projected deficits are larger than the maximum appropriation in the early years of the program whether or not tuition controls are included. It is demonstrated that loans in the program are cheaper for students at private colleges than for public college students. Further, although private college enrollments are expected to be only 20 percent of the total in the 1979-80 school year, students in the private colleges are projected to take 37 percent of the loan money from this program. Both effects are due to the relatively high tuition charges in private colleges. Comparative statistics are provided along with an addendum to the bill prepared by Data Resources, Inc. (SW)
Descriptors: College Students, Educational Finance, Educational Legislation, Federal Legislation, Financial Support, Higher Education, Loan Repayment, Mathematical Formulas, Private Colleges, Research Reports, Socioeconomic Status, State Colleges, Student Financial Aid, Student Loan Programs, Student Responsibility, Tables (Data), Tuition
National Institute of Independent Colleges and Universities, Suite 503, 1717 Massachusetts Avenue, N.W., Washington, DC 20036
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Association of Independent Colleges and Universities, Washington, DC. National Inst. of Independent Colleges and Universities.; Data Resources, Inc., Lexington, MA.