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ERIC Number: ED501310
Record Type: Non-Journal
Publication Date: 2008-Apr
Pages: 6
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
The Public Realities of Private Student Loans. Policy Matters: A Higher Education Policy Brief
Harnisch, Thomas
American Association of State Colleges and Universities
The use of private loans to finance college education has significantly increased in the last decade. Insufficient public financial aid support, a complex federal aid application process, aggressive marketing by private lenders, and an unwillingness by some parents to borrow under the federal PLUS program are leading students to take out what can be costly student loans. These loans can lead to an immense debt load, especially for young borrowers. The author advocates for officials at the federal, state and institutional levels to work collectively to provide greater transparency and consumer protection in the private student lending industry so that students have access to clear, impartial information on financing postsecondary education. A list of resources is provided.
American Association of State Colleges and Universities. 1307 New York Avenue NW Fifth Floor, Washington, DC 20005. Tel: 202-293-7070; Fax: 202-296-5819; Web site: http://www.aascu.org
Publication Type: Opinion Papers; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: American Association of State Colleges and Universities