By Eric Best. Our second chapter covers the period from roughly 1972 (when Sallie Mae was established) through 1998 (when Congress made it next to impossible to discharge student loans through bankruptcy). These are the years when the impact of the original student-loan policy became apparent. The headlines from this period focused on student deadbeats who weren’t repaying their loans, and federal education officials often found themselves testifying before Congressional committees, which demanded that more be done to collect on delinquent loans. That was the public drama surrounding student loans. More...
22 juin 2014
Student loan system ‘like in the UK’ could replace university grants in Spain
EDUCATION authorities are considering replacing Spain’s student grant system with loans in the same format as seen in the UK, given that costs to the State of higher education have rocketed in recent years.
Secretary of State for Universities, Professional and Vocational Training and Education, Montserrat Gomendio pointed out that in Spain, students are given ‘sizeable sums of money’ enabling them to study without getting a part-time job on top, and do not have to pay it back when they finish college. More...
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