Student financial aid (11 - 20 of 200 items)
Federal Student Loans: Better Oversight Could Improve Defaulted Loan Rehabilitation
GAO-14-256: Published: Mar 6, 2014. Publicly Released: Mar 12, 2014.
The Department of Education (Education) relies on collection agencies to assist borrowers in rehabilitating defaulted student loans, which allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Education works with 22 collection agencies to locate borrowers and explain repayment options, including rehabilitation. From fiscal...
Federal Student Loans: Impact of Loan Limit Increases on College Prices Is Difficult to Discern
GAO-14-7: Published: Feb 18, 2014. Publicly Released: Feb 18, 2014.
For more than a decade, college prices have been rising consistently and have continued to rise at a gradual pace after the Stafford loan limit increases were enacted in 2008 and 2009. However, it is difficult to determine if a direct relationship exists between increases in college prices and the Stafford loan limit increases because of the confluence of many other factors that occurred around th...
College Debit Cards: Actions Needed to Address ATM Access, Student Choice, and Transparency
GAO-14-91: Published: Feb 13, 2014. Publicly Released: Feb 13, 2014.
At least 852 schools, or 11 percent of U.S. colleges and universities, had agreements to provide debit or prepaid card services to their students as of July 2013, and most offered students the ability to receive federal student aid and other payments on a card. These schools were disproportionately large; their enrollments constituted about 40 percent of all postsecondary students. However, the pe...
Federal Student Loans: Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs
GAO-14-234: Published: Jan 31, 2014. Publicly Released: Jan 31, 2014.
Total Direct Loan administrative costs grew from $314 million to $864 million from fiscal years 2007 to 2012, but federal costs per borrower have generally remained steady or fallen. The increase in total administrative costs largely results from an increase of over 300 percent in the number of Direct Loans during that same time period. One key factor contributing to this loan volume increase was...
U.S. Merchant Marine: Maritime Administration Should Assess Potential Mariner-Training Needs
GAO-14-212: Published: Jan 31, 2014. Publicly Released: Jan 31, 2014.
Maritime training--for domestic waterway and oceangoing operations--is available through many public and private entities. These entities include the U.S. Merchant Marine Academy (USMMA), state maritime academies, community colleges, union-affiliated schools, and about 230 private sector schools. Private companies also provide training to their mariner employees, including training to operate the...
District of Columbia Opportunity Scholarship Program: Actions Needed to Address Weaknesses in Administration and Oversight
GAO-13-805: Published: Sep 30, 2013. Publicly Released: Nov 15, 2013.
The DC Children and Youth Investment Trust Corporation (the Trust) provides information to prospective and current families of children participating in the District of Columbia (the District) Opportunity Scholarship Program (OSP) through a variety of outreach activities. To reach prospective OSP families, the Trust advertises through print, radio, and bus ads, as well as in newspapers and flyers...
Community Colleges: New Federal Research Center May Enhance Current Understanding of Developmental Education
GAO-13-656: Published: Sep 10, 2013. Publicly Released: Sep 10, 2013.
States and community colleges GAO visited have implemented several strategies to improve developmental education--which is remedial coursework in math, reading, or writing for students who are assessed not to be ready for college-level classes. Many initiatives involved shortening the amount of time for developmental education and better targeting material to an individual student's needs. For exa...
VA Education Benefits: Student Characteristics and Outcomes Vary across Schools
GAO-13-567: Published: Jul 25, 2013. Publicly Released: Jul 25, 2013.
The majority of the Department of Veterans Affairs (VA) education payments were made to a small percentage of schools receiving VA funding in fiscal year 2011, primarily through the Post-9/11 GI Bill. About 5 percent of schools (654 schools) received more than $3.8 billion in aggregate VA education payments used for tuition and fees in fiscal year 2011, over 60 percent of such funding. These 654 "...
VA Education Benefits: VA Needs to Improve Program Management and Provide More Timely Information to Students
GAO-13-338: Published: May 22, 2013. Publicly Released: May 22, 2013.
Student veterans face many challenges pursuing higher education, and problems with the Department of Veterans Affairs' (VA) administration of the Post-9/11 GI Bill create financial challenges that also affect veterans' academic success. Veterans already cope with challenges transitioning into college as nontraditional students (older or with family obligations) while they are readjusting to civili...
Higher Education: Experts Cited a Range of Requirements as Burdensome
GAO-13-371: Published: Apr 10, 2013. Publicly Released: May 10, 2013.
Experts GAO interviewed offered varied opinions on which student financial aid requirements under Title IV of the Higher Education Act of 1965, as amended, are the most burdensome. While no single requirement was cited as burdensome by a majority of the 18 experts, 11 cited various consumer disclosure requirements--such as those pertaining to campus safety--primarily due to the time and difficulty...