University of Virginia Library

Shift Responsibility

The Collegiate Press Service
reported that Mr. Shannon said
"Our Fundamental concern is that
this proposal would shift the responsibility
for financing higher
education to the student. Education
is essential for society's own
self-interest and should be the
responsibility of society."

Mr. Shannon was out of town
yesterday and could not be
reached for further co.

According to Paul Saunier Jr.,
assistant to President Shannon
for University relations, however,
the main opposition to the plan
arises from the belief that society
should help educate its students,
since society benefits from it.

Mr. Saunier said that the plan
is vague in describing how the
bank would be financed. In one
part of the proposal, the panel
said the bank would be self-sustaining,
but in another section
the panel suggested that it might
be subsidized by the government.