Higher education (61 - 70 of 89 items)
Direct Student Loan Savings
HRD-93-25R: Published: Jul 15, 1993. Publicly Released: Jul 15, 1993.
Pursuant to a congressional request, GAO analyzed the estimated savings from implementation of a government financed direct student loan program during fiscal years 1994 through 1998, focusing on the impact of: (1) inflation; (2) interest rates; and (3) loan volume rates. GAO noted that: (1) the estimated savings from implementation of a direct loan program could total between $2.1 billion to $10...
Comments on CRS Direct Loan Report
HRD-93-20R: Published: Apr 29, 1993. Publicly Released: Apr 29, 1993.
Pursuant to a congressional request, GAO reviewed the Congressional Research Service's (CRS) contentions that: (1) converting the Federal Family Education Loan Program into a direct lending program would not increase national income or achieve great savings; (2) federal administrative costs could absorb whatever interest savings direct lending generated; and (3) guaranteed and direct lending progr...
High Risk Series: Guaranteed Student Loans
HR-93-2: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
GAO reviewed the Department of Education's management of the Guaranteed Student Loan Program, focusing on the: (1) program's structural flaws; and (2) lack of adequate incentives to prevent loan defaults.GAO found that: (1) the federal government's risk of loan losses has increased greatly as the program has evolved; (2) the government has increased its financial exposure, since it provided intere...
Student Loans: Direct Loans Could Save Billions in First 5 Years With Proper Implementation
HRD-93-27: Published: Nov 25, 1992. Publicly Released: Nov 25, 1992.
Pursuant to a congressional request, GAO reviewed potential savings to the government by using direct rather than guaranteed loans to provide assistance to postsecondary school students, focusing on: (1) how direct loans achieve cost savings; and (2) the impact of direct lending on financial institutions.GAO found that: (1) direct student loans could save the federal government about $4.8 billion...
Stafford Student Loan Program: Correspondence Schools' Loan Volume Declines Sharply
HRD-92-62FS: Published: Mar 13, 1992. Publicly Released: Mar 13, 1992.
Pursuant to a congressional request, GAO provided information on correspondence schools' participation in the Stafford Student Loan Program, focusing on the rates at which students from those schools default on their student loans.GAO found that: (1) between fiscal year (FY) 1987 and FY 1989, students at the 30 coorespondence schools eligible to participate in the Stafford Program received about $...
Direct Student Loans Could Save Money and Simplify Program Administration
T-HRD-92-8: Published: Oct 29, 1991. Publicly Released: Oct 29, 1991.
GAO discussed the: (1) potential federal savings associated with replacing Stafford Student loans with direct loans; and (2) how a direct loan program will affect the Department of Education and post-secondary educational institutions. GAO noted that: (1) in fiscal year (FY) 1992, a direct loan program operating in place of the Stafford program could save over $1 billion; (2) under a direct loan p...
Student Loans: Direct Loans Could Save Money and Simplify Program Administration
HRD-91-144BR: Published: Sep 27, 1991. Publicly Released: Sep 27, 1991.
Pursuant to a congressional request, GAO: (1) determined whether federal savings can be expected by replacing Stafford student loans with direct loans under a direct loan program proposed by the National Association of State Universities and Land Grant Colleges; and (2) reviewed the administrative responsibilities that would accrue to educational institutions and the Department of Education from d...
Transition From School to Work: Linking Education and Worksite Training
HRD-91-105: Published: Aug 2, 1991. Publicly Released: Aug 12, 1991.
Pursuant to a congressional request and a legislative requirement, GAO provided information on U.S. apprenticeship-type programs, focusing on cooperative education (co-op) programs that assist youth in the transition from school to work.GAO found that: (1) during the 1989-90 school year, about 8 percent of high school juniors and seniors and less than 3 percent of community college students partic...
Consolidated Student Loans: Borrowers Benefit but Costs to Them and the Government Grow
HRD-90-8: Published: Jun 15, 1990. Publicly Released: Jun 15, 1990.
Pursuant to a congressional request, GAO reviewed the impact of the student loan consolidation program under the Higher Education Amendments of 1986.GAO found that: (1) annual student loan default costs increased from $235 million in fiscal year 1981 to nearly $1.4 billion in 1986; (2) the loan consolidation program provides assistance to borrowers needing help repaying their student loans; (3) lo...