President Robert G. Bottoms on NBC's Today Show
October 18, 1990
October 18, 1990, Greencastle, Ind. - [Download Video: "Reducing Access" - 1056kb] "There's a definite pool of money appropriated by the government, and students going to trade schools have been getting a larger and larger share of that pool and that does disadvantage our students," DePauw University President Robert G. Bottoms told NBC's Bryant Gumbel on the network's Today Show this morning. Dr. Bottoms was on the program to discuss how access to federal student loans has been broadened in recent years, so they're increasingly available to students who choose to attend for-profit trade or technical schools. The president says that's having negative ramifications for students who want to attend traditional not-for-profit colleges and universities like DePauw.
Those being hurt, Bottoms says, are "primarily students who need loan money to be able to afford their college education... They're not getting the kind of fiscal support that they need to come to schools."
In a lively debate with Stephen Blair of the National Association of Trade and Technical Schools, Dr. Bottoms asserted, [Download Video: "Negative Perceptions" - 1756kb] "We are not, in any way, arguing that trade schools or for-profit schools should not have access to some loan monies. But what is happening, and the way college students are being hurt, are not only fewer dollars available for college students, but with a high default rate in the trade school sector the public is beginning to think that college students don't pay their loans back. At an institution like DePauw, for instance, our default rate is one-half of one percent. But the public feels that students don't pay their loans back. And now as a result of the high default rates in the trade school sector, Congress is talking about cutting $2 billion out of the whole program and that will hurt college students."
Source: "Today"/NBC NewsBack