Charles Vest Quotes


I would also certainly continue to keep loan repayment interest rates as low as possible. And I would spread the financial aid a little less thinly across all income brackets.


Related Quotes

What made the situation worse at the time that the same big banks who got government bailouts to prevent failure and received the 0.75 percent rate, turned around and lent the money to the students not only charging them 9 times what they paid for the money, but also getting a government guarantee that the loans would be repaid and/or government prohibition of students going bankrupt and discharging their debt like any other American in financial difficulty. So the banks made huge profits and yet took no risk—a strange notion in capitalism.


Charles Vest
Charles Vest
  • Born: September 9, 1941
  • Died: December 12, 2013
  • Nationality: American
  • Profession: Educator

Charles "Chuck" Marstiller Vest was an American educator and engineer. He served as President of the Massachusetts Institute of Technology from October 1990 until December 2004. He succeeded Paul Gray and was succeeded by Susan Hockfield. He served as president of the National Academy of Engineering from 2007 to 2013.