Government guaranteed loans (41 - 50 of 58 items)
Supplemental Student Loans: Legislative Changes Have Sharply Reduced Loan Volume
HRD-90-149FS: Published: Aug 3, 1990. Publicly Released: Aug 3, 1990.
Pursuant to a congressional request, GAO provided information on the possible impact of revised eligibility requirements on the volume of Supplemental Loans for Students (SLS).GAO found that: (1) SLS volume has dropped substantially since the revised eligibility requirements became effective; (2) the overall volume for the 10 guaranty agencies it studied was almost 46 percent lower during the four...
Financial Problems in the Stafford Student Loan Program
T-HRD-90-52: Published: Jul 27, 1990. Publicly Released: Jul 27, 1990.
GAO discussed the financial problems of the Stafford Student Loan Program and the growth in loans guaranteed and defaulted. GAO found that: (1) the Stafford Student Loan Program represented 61 percent of federal student aid for fiscal year 1990; (2) between fiscal years 1983 and 1989, the number of guaranteed loans increased from about $3 million to almost $4.7 million, and the number of defaulted...
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...
Supplemental Student Loans: Who Are the Largest Lenders?
HRD-90-72FS: Published: Feb 21, 1990. Publicly Released: Feb 21, 1990.
Pursuant to a congressional request, GAO reviewed loan volume and default data for lending institutions participating in the Supplemental Loans for Students (SLS) program.GAO found that: (1) the annual volume of new SLS program loans was $711 million in fiscal year (FY) 1987, $2 billion in FY 1988, and $2.1 billion in FY 1989; (2) the 10 largest lenders had a cumulative total of about $250 million...
The Stafford Student Loan Program
T-HRD-90-13: Published: Feb 20, 1990. Publicly Released: Feb 20, 1990.
GAO discussed the Stafford Student Loan Program, specifically: (1) how the program works; (2) the growth in loans guaranteed and defaulted; and (3) recent legislative and regulatory changes. GAO found that: (1) Stafford loans were low-interest loans made on the basis of financial need; (2) the program accounted for about 54 percent of the student aid provided by the Department of Education; and (3...
Guaranteed Student Loans: Comparisons of Single State and Multistate Guaranty Agencies
HRD-89-92: Published: Jul 11, 1989. Publicly Released: Jul 11, 1989.
Pursuant to a legislative requirement, GAO compared the practices of multistate and single-state guaranty agencies which insure lenders against defaulted loans under the Department of Education's Stafford Student Loan Program.GAO found that: (1) guaranty agencies' loan volumes varied widely, with the largest agency insuring over $2 billion in new loans and paying over $200 million in default claim...
Pell Grants: Who Receives Them and What Would Larger Grants Cost?
HRD-88-106BR: Published: Jun 14, 1988. Publicly Released: Jun 14, 1988.
In response to a congressional request, GAO analyzed a proposal to substitute Pell Grants for guaranteed student loans, focusing on the: (1) costs associated with increasing the size and availability of Pell Grants; and (2) characteristics of Pell Grant recipients.GAO found that: (1) 2.8 million undergraduate students received over $3.4 billion in grants in the 1986 through 1987 school year to fin...
GAO's Views on the Default Task Force's Recommendations for Reducing Default Costs in the Guaranteed Student Loan Program
T-HRD-88-7: Published: Feb 2, 1988. Publicly Released: Feb 2, 1988.
GAO discussed the Default Task Force's recommendations concerning the increased costs of student loan defaults in the Guaranteed Student Loan (GSL) Program. GAO found that: (1) recent legislative and regulatory changes have subjected lenders and guaranty agencies to stronger loan origination and collection standards and increased oversight to help reduce defaults and increase collections; (2) sinc...
Guaranteed Student Loans: Potential Default and Cost Reduction Options
HRD-88-52BR: Published: Jan 7, 1988. Publicly Released: Jan 7, 1988.
In response to a congressional request, GAO provided information on options for reducing guaranteed student loan defaults and related federal costs for higher education.GAO found that options: (1) requiring borrowers to pay a loan origination fee, eliminating the grace period before beginning repayment, and charging market interest rates for borrowers who default would specifically impact students...
Guaranteed Student Loans: Legislative and Regulatory Changes Needed To Reduce Default Costs
HRD-87-76: Published: Sep 30, 1987. Publicly Released: Sep 30, 1987.
Pursuant to a congressional request, GAO examined needed legislative and regulatory changes for the Department of Education's Guaranteed Student Loan Program, focusing on: (1) guaranty agencies' loan collection practices and procedures; (2) ways to reduce default costs; (3) the amount of time defaulters have to repay loans; and (4) whether guaranty agencies are promptly remitting Education's share...