time to get wide acceptance of such long period financing. Nevertheless one should not keep quiet because institutional blocks are apparent. Over the years these may be broken down. In the meanwhile we should give serious consideration to a massive loan program providing repayment in ten to twenty years.
|Total loans, 1970|
|Private enrollment--2 million;||loans to one-half --average tuition =||$1,300 . . . . . . $1.3 billion|
|Public enrollment --4 million;||loans to two-thirds--average tuition =||500 . . . . . . 1.3 billion|