Student loans (21 - 30 of 210 items)
Foreign Medical Schools: Education Should Improve Monitoring of Schools That Participate in the Federal Student Loan Program
GAO-10-412: Published: Jun 28, 2010. Publicly Released: Jun 28, 2010.
Each year, the federal government makes a significant financial investment in the education and training of the U.S. physician workforce. A quarter of that physician workforce is composed of international medical graduates (IMG) and they include both U.S. citizens and foreign nationals. In fiscal year 2008, the federal government loaned $633 million to U.S. students enrolled in foreign institution...
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...
Proprietary Schools: Improved Department of Education Oversight Needed to Help Ensure Only Eligible Students Receive Federal Student Aid
GAO-10-127T: Published: Oct 14, 2009. Publicly Released: Oct 14, 2009.
This testimony discusses the Department of Education's oversight of student eligibility for federal aid at private for-profit schools, also known as proprietary schools. Education's monitoring of eligibility requirements is part of a larger oversight structure governing federal aid to students at all schools. For example, in order to receive federal aid, students must attend schools that are legal...
Federal Student Loans: Audits and Reviews of the Federal Family Education Loan and Federal Direct Loan Programs
GAO-09-992R: Published: Sep 30, 2009. Publicly Released: Sep 30, 2009.
This letter formally transmits the briefing slides in response to section 1119 of Pub. L. No. 110-315, the Higher Education Opportunity Act. This act mandated GAO study the financial and compliance audits and reviews required or conducted for the Federal Family Education Loan and Federal Direct Loan Programs. On August 6 and 7, 2009, we briefed the staff of congressional committees on the types of...
Proprietary Schools: Stronger Department of Education Oversight Needed to Help Ensure Only Eligible Students Receive Federal Student Aid
GAO-09-600: Published: Aug 17, 2009. Publicly Released: Sep 21, 2009.
For-profit schools-also known as proprietary schools-received over $16 billion in federal loans, grants, and campus-based aid under Title IV of the Higher Education Act in 2007/08. GAO was asked to determine (1) how the student loan default profile of proprietary schools compares with that of other types of schools and (2) the extent to which Education's policies and procedures for monitoring stud...
Graduate Medical Education: Trends in Training and Student Debt
GAO-09-438R: Published: May 4, 2009. Publicly Released: May 4, 2009.
The federal government invests significantly in medical education through various programs to help ensure that the anticipated supply of new physicians meets the nation's health care needs. Medicare, the federal health care program for elderly and certain disabled people, subsidizes training for medical school graduates in hospitals and other teaching institutions by helping to support the increas...
Federal Student Aid: Recent Changes to Eligibility Requirements and Additional Efforts to Promote Awarness Could Increase Academic Competitiveness and SMART Grant Participation
GAO-09-343: Published: Mar 25, 2009. Publicly Released: Mar 25, 2009.
The Academic Competitiveness (AC) and National Science and Mathematics Access to Retain Talent (SMART) Grants were established by the Deficit Reduction Act of 2005. The grants provide merit-based financial aid to certain low-income college students eligible for Federal Pell Grants and are administered by the Department of Education (Education). In the first year of implementation, participation wa...
Higher Education: Multiple Higher Education Tax Incentives Create Opportunities for Taxpayers to Make Costly Mistakes
GAO-08-717T: Published: May 1, 2008. Publicly Released: May 1, 2008.
Federal assistance helps students and families pay for postsecondary education through several policy tools--grant and loan programs authorized by Title IV of the Higher Education Act of 1965 and more recently enacted tax preferences. This testimony summarizes our 2005 report and provides updates on (1) how Title IV assistance compares to that provided through the tax code (2) the extent to which...
Federal Family Education Loan Program: Increased Department of Education Oversight of Lender and School Activities Needed to Help Ensure Program Compliance
GAO-07-750: Published: Jul 31, 2007. Publicly Released: Jul 31, 2007.
Concerns have been raised about the Department of Education's (Education) role in overseeing the lenders and schools that participate in the largest of the federal government's student loan programs, the Federal Family Education Loan Program (FFELP). GAO was asked to analyze Education's use of its oversight, guidance, and enforcement authorities under FFELP. To do this, GAO reviewed departmental d...