Government guaranteed loans (31 - 40 of 58 items)
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...
Guaranty Agency Solvency: Can the Government Recover HEAF's First-Year Liquidation Cost of $212 Million?
HRD-93-12BR: Published: Nov 13, 1992. Publicly Released: Nov 13, 1992.
Pursuant to a congressional request, GAO provided information on 1991 federal costs incurred due to the Department of Education's agreement to liquidate the Higher Education Assistance Foundation (HEAF).GAO found that: (1) prior to 1992, Education was not obligated to pay lenders' default claims if a guaranty agency became insolvent or failed to meet its obligations; (2) Education may provide fede...
Parent and Supplemental Student Loans: Volume and Default Trends for Fiscal Years 1989 to 1991
HRD-92-138FS: Published: Sep 22, 1992. Publicly Released: Sep 22, 1992.
Pursuant to a congressional request, GAO provided information about the Federal Parent Loans for Undergraduate Students (PLUS) and Federal Supplemental Loans for Students (SLS) programs, focusing on the: (1) volume of loans for students attending trade schools and other postsecondary education institutions; (2) extent of borrowing for freshmen, compared to such borrowing for students in their seco...
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 $...
Untangling the Stafford Student Loan Program
147034: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses problems that make the Department of Education's Stafford Student Loan Program highly vulnerable to fraud and abuse, focusing on ways to address such issues as: (1) the high default rate resulting from the acceptance of high-risk student borrowers; (2) dishonest school officials; (3) negligent lenders; (4) unrel...
Perkins Student Loans: Options That Could Make the Program More Financially Independent
HRD-92-6: Published: Dec 9, 1991. Publicly Released: Dec 9, 1991.
Pursuant to a congressional request, GAO provided information on the financial independence of the Department of Education's Perkins Student Loan Program.GAO found that: (1) of the 3,230 participating schools, 419 had Perkins program revolving funds in which income exceeded operating costs and losses, and the remaining 2,811 schools' operating costs exceeded their funds' income; (2) through June 3...
Student Financial Aid: Education Can Do More to Screen Schools Before Students Receive Aid
HRD-91-145: Published: Sep 27, 1991. Publicly Released: Sep 27, 1991.
Pursuant to a congressional request, GAO determined what changes might strengthen the Department of Education's role as the gatekeeper for approving schools before their students can receive federal student aid, focusing on proprietary schools.GAO found that: (1) Education does not have adequate controls in place to prevent financially weak schools and schools that do not provide promised training...
Perkins Student Loans: Need for Better Controls Over Loans Recovered From Closed Schools
HRD-91-70: Published: Mar 27, 1991. Publicly Released: Mar 27, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Education's Perkins Student Loan Program, focusing on Education's policies, procedures, and practices for recovering Perkins loan fund assets from schools that go out of business.GAO found that Education lacked: (1) adequate internal controls over Perkins fund assets obtained from closed schools; (2) adequate data and guidance for...
Guaranteed Student Loans: Profits of Secondary Market Lenders Vary Widely
HRD-90-130BR: Published: Sep 28, 1990. Publicly Released: Sep 28, 1990.
Pursuant to a congressional request, GAO reviewed the activities of secondary market lenders that purchase loans made under the Department of Education's Stafford Student Loan Program to determine the: (1) lenders' rates of return or profitability on Stafford loans during fiscal years 1985 through 1988; (2) reasons for varying levels of profitability among those lenders; and (3) effects of the 198...
Defaulted Student Loans: Analysis of Defaulted Borrowers at Schools Accredited by Seven Agencies
HRD-90-178FS: Published: Sep 12, 1990. Publicly Released: Sep 12, 1990.
Pursuant to a congressional request, GAO provided information on the default rates in the Department of Education's Stafford Student Loan Program for postsecondary schools accredited by seven agencies.GAO found that: (1) the number of schools accredited by the agencies ranged from 16 to 781; (2) the number of borrowers in repayment by accrediting agency ranged from 16,413 to 353,872, and the loan...