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The Use of Private Student Loans at High-Cost Postsecondary Education Institutions in Academic Year 1997-98.

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Title: The Use of Private Student Loans at High-Cost Postsecondary Education Institutions in Academic Year 1997-98.
Language: English
Authors: Redd, Kenneth E., Sallie Mae, Reston, VA.
Availability: Sallie Mae, 11600 Sallie Mae Drive, Reston, VA 20193. Tel: 703-810-7158; Web site: <http://www.salliemae.com>.
Peer Reviewed: N
Page Count: 17
Publication Date: 1999
Document Type: Reports - Research
Descriptors: College Students, Educational Finance, Federal Aid, Federal Programs, Graduate Study, Higher Education, Loan Repayment, Money Management, Parent Financial Contribution, Private Colleges, Private Financial Support, Selective Colleges, Student Financial Aid, Student Loan Programs, Tuition
Abstract: This study examined the use of private education loans at high-cost private colleges and universities. Responses were received from 100 of the 381 institutions who reported undergraduate tuition and fees, or professional school tuition and fees, of $14,000 or higher in 1996-1997. It was found that on most campuses private student loans play a small but growing role in financing higher education. Ninety percent of the respondents indicated that students received private loans because they had exceeded the annual loan limits allowed under federal student loan programs, and fifty-one percent of the respondents reported that students received the loans because the borrowers' parents were denied access to Federal Parent Loans for Undergraduate Students. It is concluded that many private loan borrowers will probably leave their institutions with very large cumulative student loan debts, and some may have trouble meeting the repayment obligations of both their private and federal student loans. (MDM)
Entry Date: 2000
Accession Number: ED434560
Database: ERIC
FullText Text:
  Availability: 0
CustomLinks:
  – Url: https://eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=ED434560
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AccessLevel: 3
PubType: Report
PubTypeId: report
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IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: The Use of Private Student Loans at High-Cost Postsecondary Education Institutions in Academic Year 1997-98.
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  Label: Language
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  Data: English
– Name: Author
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  Data: &lt;searchLink fieldCode=&quot;AR&quot; term=&quot;%22Redd%2C+Kenneth+E%2E%22&quot;&gt;Redd, Kenneth E.&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;AR&quot; term=&quot;%22Sallie+Mae%2C+Reston%2C+VA%2E%22&quot;&gt;Sallie Mae, Reston, VA.&lt;/searchLink&gt;
– Name: Avail
  Label: Availability
  Group: Avail
  Data: Sallie Mae, 11600 Sallie Mae Drive, Reston, VA 20193. Tel: 703-810-7158; Web site: &lt;http://www.salliemae.com&gt;.
– Name: PeerReviewed
  Label: Peer Reviewed
  Group: SrcInfo
  Data: N
– Name: Pages
  Label: Page Count
  Group: Src
  Data: 17
– Name: DatePubCY
  Label: Publication Date
  Group: Date
  Data: 1999
– Name: TypeDocument
  Label: Document Type
  Group: TypDoc
  Data: Reports - Research
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: &lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22College+Students%22&quot;&gt;College Students&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Educational+Finance%22&quot;&gt;Educational Finance&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Federal+Aid%22&quot;&gt;Federal Aid&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Federal+Programs%22&quot;&gt;Federal Programs&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Graduate+Study%22&quot;&gt;Graduate Study&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Higher+Education%22&quot;&gt;Higher Education&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Loan+Repayment%22&quot;&gt;Loan Repayment&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Money+Management%22&quot;&gt;Money Management&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Parent+Financial+Contribution%22&quot;&gt;Parent Financial Contribution&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Private+Colleges%22&quot;&gt;Private Colleges&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Private+Financial+Support%22&quot;&gt;Private Financial Support&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Selective+Colleges%22&quot;&gt;Selective Colleges&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Student+Financial+Aid%22&quot;&gt;Student Financial Aid&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Student+Loan+Programs%22&quot;&gt;Student Loan Programs&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Tuition%22&quot;&gt;Tuition&lt;/searchLink&gt;
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This study examined the use of private education loans at high-cost private colleges and universities. Responses were received from 100 of the 381 institutions who reported undergraduate tuition and fees, or professional school tuition and fees, of $14,000 or higher in 1996-1997. It was found that on most campuses private student loans play a small but growing role in financing higher education. Ninety percent of the respondents indicated that students received private loans because they had exceeded the annual loan limits allowed under federal student loan programs, and fifty-one percent of the respondents reported that students received the loans because the borrowers&#39; parents were denied access to Federal Parent Loans for Undergraduate Students. It is concluded that many private loan borrowers will probably leave their institutions with very large cumulative student loan debts, and some may have trouble meeting the repayment obligations of both their private and federal student loans. (MDM)
– Name: DateEntry
  Label: Entry Date
  Group: Date
  Data: 2000
– Name: AN
  Label: Accession Number
  Group: ID
  Data: ED434560
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED434560
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 17
    Subjects:
      – SubjectFull: College Students
        Type: general
      – SubjectFull: Educational Finance
        Type: general
      – SubjectFull: Federal Aid
        Type: general
      – SubjectFull: Federal Programs
        Type: general
      – SubjectFull: Graduate Study
        Type: general
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Money Management
        Type: general
      – SubjectFull: Parent Financial Contribution
        Type: general
      – SubjectFull: Private Colleges
        Type: general
      – SubjectFull: Private Financial Support
        Type: general
      – SubjectFull: Selective Colleges
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Tuition
        Type: general
    Titles:
      – TitleFull: The Use of Private Student Loans at High-Cost Postsecondary Education Institutions in Academic Year 1997-98.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Sallie Mae, Reston, VA.
      – PersonEntity:
          Name:
            NameFull: Redd, Kenneth E.
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 07
              Type: published
              Y: 1999
ResultId 1