An employee stands at the front door of the Financial Aid Office located in one of the temporary buildings in 1977. At the start of the 1970s, short-term loans in small amounts were available from student funds and from the Fullerton College Foundation. Government-guaranteed loans, in amounts up to $1,500 per year, were granted on the basis of need and good standing in the college. Student loan repayment (3% interest) began nine months after the borrower ceased to be a full-time student, but there was a moratorium for those serving in VISTA, the Peace Corps, or the military. Later, economically disadvantaged students had access to a few more financial aid programs: Basic Educational Opportunity Grants (BEOGs), which were direct grants from the U.S. Office of Education for educational expenses; Supplementary Educational Opportunity Grants (SEOGs), grants designed to assist students with exceptionally high financial needs; Extended Opportunity Program Grants (EOPS), awarded to students whose family income was below $6,000 per year; and the College Work-Study (CWS) program, which provided funds to employ students at Fullerton College and with nonprofit and private agencies. At the time, there were no college loans for middle class students, but availability expanded in the 1970s with the addition of more programs, such as the Student Loan Marketing Association (Sallie Mae). In the 1980s when President Reagan cut educational spending and college costs rose, student loans expanded even further, and by 2010, American student loan debt topped one trillion dollars.