Government guaranteed loans (21 - 30 of 58 items)
High Risk Series: Student Financial Aid
HR-95-10: Published: Feb 1, 1995. Publicly Released: Feb 1, 1995.
GAO reviewed the problems that affect the Department of Education's student financial aid programs.GAO found that: (1) in 1992, the federal government paid $2.6 billion to support its guaranteed student loan program; (2) the reasons for the government's student loan liability include the complex loan structure, the lack of incentives to prevent loan defaults, financial risks for lenders and state...
Department of Education: Opportunities to Realize Savings
T-HEHS-95-56: Published: Jan 18, 1995. Publicly Released: Jan 18, 1995.
GAO discussed proposed Department of Education budget reductions and rescissions. GAO noted that: (1) Congress should consider terminating 21 programs that Education proposed for elimination because they were duplicative, their purposes were already achieved, or they would be more appropriately funded through nonfederal sources; (2) according to Education, termination of the 21 programs would be c...
Default Rates at HBCUs
HEHS-94-97R: Published: Mar 9, 1994. Publicly Released: Mar 9, 1994.
Pursuant to a congressional request, GAO provided information on federally guaranteed student loan default rates at historically black colleges and universities (HBCU), focusing on: (1) how current HBCU cohort default rates compare with prior year default rates; (2) the number of HBCU that could lose their Federal Family Education Loan (FFEL) eligibility or be subject to a state review; and (3) th...
Student Loans: Default Rates at Historically Black Colleges and Universities
HRD-93-117FS: Published: Aug 19, 1993. Publicly Released: Aug 19, 1993.
Pursuant to a congressional request, GAO provided information on federally guaranteed student loans and loan defaults for students attending historically black colleges and universities (HBCU), focusing on: (1) the amount of Federal Family Education Loans (FFEL) made to HBCU students; (2) default rates and the amount of defaulted loans for HBCU; and (3) the number of HBCU in fiscal year 1994 that...
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...
HEAF 1992 Financial Condition
HRD-93-21R: Published: Jun 18, 1993. Publicly Released: Jun 18, 1993.
Pursuant to a congressional request, GAO provided information on the federal costs for liquidation of the Higher Education Assistance Foundation (HEAF) in fiscal year (FY) 1992. GAO noted that: (1) the net costs for HEAF liquidation in FY 1992 were $6.9 million; (2) although HEAF assets increased by $138.3 million in FY 1992, its costs were $145.2 million; (3) HEAF affiliates excused $46.5 million...
Direct Student Loans: The Department of Education's Implementation of Direct Lending
T-HRD-93-26: Published: Jun 10, 1993. Publicly Released: Jun 10, 1993.
GAO discussed the Department of Education's implementation of the Federal Direct Student Loan Program. GAO noted that: (1) the guaranteed student loan program has been the subject of scrutiny during the last few years due to the rising costs related to defaulted student loans; (2) Education lacks the resources and enforcement tools to monitor and oversee the large group of program participants; (3...
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...
Direct Loan Debate
HRD-93-15R: Published: Feb 8, 1993. Publicly Released: Feb 8, 1993.
GAO responded to claims that it understated or excluded costs that biased a report favoring the conversion of the Federal Family Education Loan Program to a direct loan program. GAO believes that: (1) its report provided a sound and balanced assessment of the savings which could be realized under a direct loan program; (2) future guaranty agency insolvencies are not relevant to the direct loan deb...
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...