Student Loan Collections at Lake City Community College [Florida] [electronic resource] / Lavon W. Bracy.
Lake City Community College began its involvement with the National Direct Student Loan Program in 1965. As of June 30, 1975, the college had loaned $317,625 to 486 students--an average of $653 per student. Of this amount, $93,292 has been repaid or cancelled, leaving $224,333 outstanding and $42,67...
Saved in:
| Online Access: |
Full Text (via ERIC) |
|---|---|
| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[S.l.] :
Distributed by ERIC Clearinghouse,
1976.
|
| Subjects: |
| Summary: | Lake City Community College began its involvement with the National Direct Student Loan Program in 1965. As of June 30, 1975, the college had loaned $317,625 to 486 students--an average of $653 per student. Of this amount, $93,292 has been repaid or cancelled, leaving $224,333 outstanding and $42,678 past due. Of the past due amount, $15,142 is past due by one year to two years, and $17,190 is past due by two years to over five years. Of th ose students who are two to five years delinquent, 85 percent cannot be located. The author speculates that the number of delinquent payments is largely attributable to (1) borrowers in the vocational and technical areas who have not been successful in obtaining employment and who, consequently, cannot repay, and (2) borrowers in the fields of forestry, landscaping, and golf course operations, who typically come to the college from other states and leave on completion of their coursework, and now cannot be found. In order to eliminate the high delinquency rate, the author recommends certain improvements in the operations of the college financial aids office, and discusses several methods for solving the problem on a national basis. (DC) |
|---|---|
| Item Description: | ERIC Document Number: ED125691. ERIC Note: Seminar paper, Graduate School of Education, University of Florida. Educational level discussed: Two Year Colleges. |
| Physical Description: | 21 p. |