Loan repayments (21 - 29 of 29 items)
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...
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...
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...
Pell Grants: How the Department of Education Estimates Program Costs
HRD-90-73BR: Published: Feb 21, 1990. Publicly Released: Feb 21, 1990.
Pursuant to a congressional request, GAO assessed: (1) the Department of Education's process for estimating Pell grant program costs and the factors which contributed to its revision of its fiscal year 1990 budget request; and (2) whether Education had the authority to borrow funds from subsequent years' appropriations to pay for Pell grant funding shortfalls from previous years.GAO found that Edu...
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...
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...
Status of Special National Direct Student Loan Funds
HRD-80-125: Published: Sep 22, 1980. Publicly Released: Sep 22, 1980.
The National Direct Student Loan (NDSL) program provides for establishing a revolving fund at postsecondary educational institutions from which long-term, low-interest loans are made to qualified students who need financial assistance. The institutions are responsible for making and collecting the loans. Under the NDSL program, the Federal contribution represents 90 percent of the loan funds, and...