Charlie Mercer of the Finance Authority of Maine says students and families in t
Charlie Mercer of the Finance Authority of Maine says students and families in the state are opting out of higher education because of a belief they can't afford it. Sixty-two percent of Maine's high school class of 1996 went on to some form of higher education, and most had to borrow to do it. Twenty thousand Maine students borrowed $53 million in 1992 to help pay for college, compared to 1996, when 40,000 Maine students borrowed $135 million. Loans make up 56 percent of financial aid packages nationally, but in Maine loans account for an estimated 75 percent of the aid students receive. Details; profile of Robert Fesler Jr. of Dresden, who designed the College Aid Calculator, a software program that figures financial aid and need; and Jeffrey Morrison, a college consultant who runs College Solutions of Portland; related articles.
Beem, Edgar Allen, "Charlie Mercer of the Finance Authority of Maine says students and families in t" (1997). Maine News Index – Maine Times. 2180.