[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-422392-105":59,"doc-detail-422392-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","loan-consolidation-endorsed-as-reauthorization-hearings-begin","Loan Consolidation Endorsed As Reauthorization Hearings Begin","","June 5, 1985 news coverage describes congressional reauthorization hearings for the Higher Education Act of 1965, focusing on reviving the Guaranteed Student Loan (GSL) consolidation program. Bank representatives, state guarantee agents, and students endorse consolidation and longer repayment schedules, citing reduced defaults and improved manageability for borrowers with large debts. Testimony also addresses program administration changes, including allowing lenders and guarantee agencies to consolidate and discussions of multiple disbursement timing and interest 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","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-28",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why are lawmakers supporting the return of student loan consolidation?","Question",{"text":112,"@type":113},"Testimony argues consolidation and extended repayment schedules make debt repayment more manageable and reduce defaults, especially for borrowers with large balances.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How would loan consolidation work for borrowers under the proposals?",{"text":117,"@type":113},"Borrowers with loans from multiple sources would consolidate them into a single monthly payment, with many proposals extending repayment deadlines and potentially adding graduated payment plans.",{"name":119,"@type":110,"acceptedAnswer":120},"What concerns does Sallie Mae raise about the Reagan tax plan?",{"text":121,"@type":113},"Sallie Mae’s President Edward Fox warns that changes affecting tax-exempt bonds and corporate taxes could reduce capital available for student loans and prompt banks to issue less student-focused lending.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},422392,1790717265,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},137451211410,"https://ap-avatar.wpscdn.com/avatar/2000bb0a9246f588df?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786362646172706240","June 5,1985  \n# LOAN CONSOLIDATION ENDORSED AS REAUTHORIZATION HEARINGS BEGIN\n\nEven though student loan consolidation was left for dead in 1983 when its auth-orization expired,a chorus of voices on Capitol Hill yesterday called for itsresurrection as a way to enhance the Guaranteed Student Loan(GSL)program。  \nBank representatives,state loan guarantee agents,student aid officers,theStudent Loan Marketing Association(Sallie Mae)and students unanimously en-dorsed student loan consolidation and lengthened loan repayment schedulesbefore the House Postsecondary Education Subcommittee.  \nTheir testimony opened the long-awaited Washington,D.C.,hearings on reauthor-ization of the Higher Education Act of 1965.Yesterday's hearing,the first of22 planned by the subcommittee,centered on several aspects of the GuaranteedStudent Loan(GSL)program。  \nHeavy BurdenWhile much discussion involved student aid experts,some ofthe most powerful testimony came from a student.Georgetown University medicalstudent Dan Lawlor,who envisions a debt in excess of $100,000 at graduation,said loan consolidation would be indispensable to help him repay loans on time.  \nUnder loan consolidation,students with loans from several sources would foldthem into a single monthly payment.  \nMost consolidation proposals include increasing the 10-year loan repayment dead-line,and some have included graduated loan payment plans.A graduated paymentwould allow those just out of school to start repayment at a low interest rate,and gradually increase those amounts as time wore on.  \nManageable FinancingLawlor,30,who postponed his education for financialreasons,vowed to pay back his loans.But because of the help he received,Lawlor seeks to fight proposals,like those from the Reagan administration,tocut the number of GSLs.  \n\"Only the availability of manageable financing mechanisms will prevent a declinein their [low-income and minority students]numbers,\"Lawlor said.\"I imploreyou to support retention of funding and reasonable provisions for the programs.\"  \nDallas Martin,executive director of the National Association of Student Fi-nancial Aid Administrators,said loan consolidation not only assists studentswith large debt loads,but reduces defaults since students are better able tomeet their payment obligations under such a program.  \n\"Therefore,we believe it is prudent for the federal government to expend thefew additional dollars associated with a loan consolidation program to avoidhaving to pay out the full costs associated with defaulted loans caused byunmanageable debt payments,\"Martin said.(more)  \nJune 5,1985  \n# LOAN CONSOLIDATION ENDORSED AS REAUTHORIZATION HEARINGS BEGIN(Cont.)\n\nJean Frohlicher,staff director of the National Coalition of Higher EducationLoan Programs,said any consolidation proposal included in reauthorizationshould allow lenders and state secondary markets and guarantee agencies toconsolidate loans.Under the old consolidation plan,only Sallie Mae couldconsolidate loans.  \nIn addition to loan consolidation,lenders and guarantee agencies testified infavor of multiple disbursement of loans to institutions.By disbursing a GSLthroughout the school year,instead of all at once,loan funds earmarked forstudents who later drop out could be saved.  \nHowever,should multiple disbursement be included in a reauthorization plan,lenders argued that their special GSL interest allowances above the TreasuryBill rate should not be reduced.If it were lowered,\"lenders would reduce orwithdraw their commitments to the [GSL]program,\"according to Carl Donovan,president of the Washington Student Loan Guarantee Agency.--Bill Reinhard  \n# SALLIE MAE FINDS PROBLEMS WITH REAGAN TAX PLAN\n\nWhile many Guaranteed Student Loan(GSL)administrators are preoccupied withHigher Education Act reauthorization hearings launched yesterday,Student LoanMarketing Association(Sallie Mae)President Edward Fox is concerned the Reaganadministration's new tax proposals could mean bad tidings for the GSL program.","cbCaiqJXHegMVQu0","https://ap.wps.com/l/cbCaiqJXHegMVQu0","pdf",1885451,"English","# Loan Consolidation Endorsed As Reauthorization Hearings Begin\n# Sallie Mae Finds Problems With Reagan Tax Plan\n# TOPED Staff in Flux As Payroll Expands","[{\"question\":\"Why are lawmakers supporting the return of student loan consolidation?\",\"answer\":\"Testimony argues consolidation and extended repayment schedules make debt repayment more manageable and reduce defaults, especially for borrowers with large balances.\"},{\"question\":\"How would loan consolidation work for borrowers under the proposals?\",\"answer\":\"Borrowers with loans from multiple sources would consolidate them into a single monthly payment, with many proposals extending repayment deadlines and potentially adding graduated payment plans.\"},{\"question\":\"What concerns does Sallie Mae raise about the Reagan tax plan?\",\"answer\":\"Sallie Mae’s President Edward Fox warns that changes affecting tax-exempt bonds and corporate taxes could reduce capital available for student loans and prompt banks to issue less student-focused lending.\"}]","Loan Consolidation Endorsed As Reauthorization Hearings Begin | PDF",1790627154,18]