Student financial aid (21 - 30 of 134 items)
DOD Education Benefits: Increased Oversight of Tuition Assistance Program Is Needed
GAO-11-300: Published: Mar 1, 2011. Publicly Released: Mar 1, 2011.
In fiscal year 2009, the Department of Defense's (DOD) Military Tuition Assistance (TA) Program provided $517 million in tuition assistance to approximately 377,000 service members. GAO was asked to report on (1) DOD's oversight of schools receiving TA funds, and (2) the extent to which DOD coordinates with accrediting agencies and the U.S. Department of Education (Education) in its oversight acti...
Higher Education: Stronger Federal Oversight Needed to Enforce Ban on Incentive Payments to School Recruiters
GAO-11-10: Published: Oct 7, 2010. Publicly Released: Oct 7, 2010.
In 1992, Congress banned schools participating in federal student aid programs from paying commissions, bonuses, or other financial incentives to individuals based on their success in enrolling students or securing their financial aid. The ban applies to all postsecondary schools, including private for-profit, public, and private nonprofit schools. Congress instituted this incentive compensation b...
For-Profit Schools: Large Schools and Schools that Specialize in Healthcare Are More Likely to Rely Heavily on Federal Student Aid
GAO-11-4: Published: Oct 4, 2010. Publicly Released: Oct 4, 2010.
In the 2008-2009 school year, about 2,000 for-profit schools received almost $24 billion in grants and loans provided to students under federal student aid programs. In the early 1990s, Congress was concerned that some for-profit schools receiving federal student aid were recruiting students who were not ready for higher education. Many of these students left school with no new job skills and few...
Student Loans: Federal Web-based Tool on Private Loans Would Pose Implementation Challenges and May Be Unnecessary
GAO-10-990: Published: Sep 29, 2010. Publicly Released: Sep 29, 2010.
Student loans play a key role in ensuring postsecondary access for millions of students each year. In fiscal year 2009, students and their families borrowed $90 billion in federal student loans to help pay the cost of postsecondary education. Traditionally, these loans have been available through two programs: the William D. Ford Federal Direct Loan Program (Direct Loan), in which the federal gove...
Higher Education: Institutions' Reported Data Collection Burden Is Higher Than Estimated but Can Be Reduced through Increased Coordination
GAO-10-871: Published: Aug 13, 2010. Publicly Released: Aug 13, 2010.
The Integrated Postsecondary Education Data System (IPEDS) is the federal government's core postsecondary data collection program. Approximately 6,800 postsecondary schools are required to complete annual IPEDS surveys on topics including enrollment, graduation rates, and finances. As policymakers have sought additional data to increase accountability in postsecondary education, the number and com...
Low-Income and Minority Serving Institutions: Sustained Attention Needed to Improve Education's Oversight of Grant Programs
GAO-10-659T: Published: May 27, 2010. Publicly Released: May 27, 2010.
Higher education has become more accessible than ever before, although students from some demographic groups still face challenges in attending college. To help improve access to higher education for minority and low-income students, Titles III and V of the Higher Education Act, as amended, provide grants to strengthen and support institutions that enroll large proportions of these students. GAO w...
Higher Education: Information on Incentive Compensation Violations Substantiated by the U.S. Department of Education
GAO-10-370R: Published: Feb 23, 2010. Publicly Released: Feb 23, 2010.
In 1992, Congress banned schools participating in federal student aid programs from paying commissions, bonuses, or other incentive payments to individuals based on their success in enrolling students or securing financial aid for them. Congress instituted this incentive compensation ban to eliminate abusive recruiting practices in which schools enrolled unqualified students who then received fede...
Postsecondary Education: College and University Endowments Have Shown Long-Term Growth, While Size, Restrictions, and Distributions Vary
GAO-10-393: Published: Feb 23, 2010. Publicly Released: Feb 23, 2010.
The nation's 4-year not-for-profit colleges and universities collectively held more than $400 billion in endowments in 2008. Some institutions' large endowments coupled with the high and growing cost of college have led to questions about institutions' use of endowments. This mandated report describes (1) the size and change in value of endowments over the last 20 years, (2) the extent and manner...
Higher Education: Factors Lenders Consider in Making Lending Decisions for Private Education Loans
GAO-10-86R: Published: Nov 17, 2009. Publicly Released: Nov 17, 2009.
Over the past few decades, the cost of tuition, room, and board for undergraduate students has increased, making it more difficult for some students and families to afford the cost of college. While students have historically relied on federal loans and grants and family contributions to pay for college, a growing number have turned to private education loans to help them cover the cost. In 2007-0...
Federal Student Aid: Highlights of a Study Group on Simplifying the Free Application for Federal Student Aid
GAO-10-29: Published: Oct 29, 2009. Publicly Released: Oct 29, 2009.
Federal student aid is intended to play an integral part in fulfilling the promise of greater academic access and success for less affluent students. However, many experts have expressed concern about the length and complexity of the Free Application for Federal Student Aid (FAFSA) and the statutory need analysis formula used to determine aid eligibility. The Higher Education Opportunity Act requi...