Loan defaults (21 - 30 of 42 items)
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...
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...
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...
Vulnerabilities in the Stafford Student Loan Program
T-HRD-91-33: Published: May 29, 1991. Publicly Released: May 29, 1991.
GAO discussed ways to improve the structure and administration of the Department of Education's Stafford Student Loan Program. GAO believes that Education needs to: (1) do a better job of approving and monitoring eligible schools; (2) expedite the development of its new student loan data systems designed to screen out ineligible students before they receive guaranteed loans; (3) provide better inc...
Student Loans: Characteristics of Defaulted Borrowers in the Stafford Student Loan Program
HRD-91-82BR: Published: Apr 26, 1991. Publicly Released: Apr 26, 1991.
Pursuant to a congressional request, GAO reviewed studies of the various characteristics of students who defaulted on loans obtained under the Stafford Student Loan Program.GAO found that: (1) 12 studies frequently identified such defaulter characteristics as vocational or trade school attendance, low income, minority background, limited financial support, no high school diploma, failure to comple...