Literature Review #5

Visual: 

survey or from SCHEV


Citation:

State Council of Higher Education for Virginia. “Policy Considerations for a Student-Loan                          Refinancing Authority.” State Council of Higher Education for Virginia, State Council of Higher Education for Virginia, 1 Nov. 2016. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=eric&AN=ED572921&site=ehost-live.


Summary:

The Virginia Plan for Higher Education has come up with a plan that is intended to help students re-finance their college loans. This report discusses the types of students that the help is available to, and explains the different requirements. 


Author:

The author of this report is the State Council for Higher Education for Virginia. This is a verified source because it is an official council, which specializes in higher education, making them knowledgable on the topic. 


Key Terms: 

1. student loan re-financing: this is when your loans are paid off, with new loans to come, but saves the student a lot of money

2. Refinancing Authority- the authority given to help student refinance their loans


Quo. Quotes:

          1. "These state refinancing programs focus on borrowers maintaining good credit scores" (page 1)

          2. "Many of these strategies serve to minimize debt before a student becomes burdened with amounts that are unmanageable by post-college earnings" (page 1)

         3. "A number of observers have expressed concerns about the ability of borrowers to manage their debt" (page 2)


          Value:

         This report helps me in my discussion of the aid that is currently available to help students with debt. I can use the part about a high credit score being required to emphasize my point that these debts start students already off with a lower credit score, making even the aid that is being offered unavailable to them.  

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