Student loans (41 - 50 of 57 items)
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...
Student Loans: Characteristics of Defaulted Borrowers in the Stafford Student Loan Program
HRD-91-82BR: Published: Apr 26, 1991. Publicly Released: Apr 26, 1991.
Pursuant to a congressional request, GAO reviewed studies of the various characteristics of students who defaulted on loans obtained under the Stafford Student Loan Program.GAO found that: (1) 12 studies frequently identified such defaulter characteristics as vocational or trade school attendance, low income, minority background, limited financial support, no high school diploma, failure to comple...
School Accreditation: Activities of Seven Agencies That Accredit Proprietary Schools
HRD-90-179BR: Published: Sep 12, 1990. Publicly Released: Sep 12, 1990.
Pursuant to a congressional request, GAO reviewed information on the activities of seven agencies that accredited for-profit or proprietary schools that may participate in the Department of Education's Stafford Student Loan Program.GAO found that, between fiscal years 1985 and 1989: (1) the 7 agencies accredited 1,880 schools and denied 281 accreditation applications; (2) 6 agencies deferred accre...
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...
Veterans Administration Education Loan Program Should Be Terminated: Legislative Action Taken
HRD-81-128: Published: Aug 28, 1981. Publicly Released: Sep 15, 1981.
GAO expanded a followup review of the Veterans Administration (VA) education loan program to provide more geographic coverage and to determine whether eligible veterans and dependents were reporting all available resources, if veterans were also eligible for the Department of Education financial aid programs, and if such aid would satisfy their financial needs.GAO found that a number of actions ta...
Status of Special National Direct Student Loan Funds
HRD-80-125: Published: Sep 22, 1980. Publicly Released: Sep 22, 1980.
The National Direct Student Loan (NDSL) program provides for establishing a revolving fund at postsecondary educational institutions from which long-term, low-interest loans are made to qualified students who need financial assistance. The institutions are responsible for making and collecting the loans. Under the NDSL program, the Federal contribution represents 90 percent of the loan funds, and...