Abstract
For a long time now financial aid administrators, foundation managers, and financial managers have been swapping· horror stories skyrocket ing student loan delinquencies. The national news services have carried sev eral stories about the millions of dollars in delinquent and uncollectible Na tional Defense Student Loans. Colleges and universities throughout the country are reporting huge rip-offs in their short term loan programs and many stu dent loan funds are so depleted that they are bankrupt, closed up, defunct. Other institutional loan funds are being converted to outright gifts to stu dents rather than being continued as loan funds because of the difficulty in collecting. All this is happening while hundreds of commercial lending in stitutions, not without their present interest problems of course, are grow ing, prospering, and making a profit. The question is what is the difference? Why is the money available for car loans, installment loans, etc. continually available and growing, while university and college loan funds are shrink ing away, drying up and disappearing?
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