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Bankers urge drastic overhaul of student loan system
The Consumer Bankers Association calls for major changes to the 20 2 billion national student loan program to curb defaults. They urge banks handle all loans and bar schools from screening borrowers, with note collections via bill agencies. They cite high default rates in vocational loans and compare state and federal roles.
MENTIONED IN THIS ARTICLE
New York
UPI
Consumer Bankers Association
Washington
Association
Jim O’hara
D.ill
Consumer Bankers
Drew Tidwell
United Press International
Tidwell
Federal Education Office
General Accounting Office
Chase Manhattan Bank
New York State
Higher Educational Assistance Corp