Student loans (121 - 130 of 210 items)
Nonfederal Student Loans
HRD-93-1R: Published: Oct 30, 1992. Publicly Released: Oct 30, 1992.
Pursuant to a congressional request, GAO provided information on private and state student loan programs, focusing on programs serving nontraditional students. GAO found that: (1) in 1991, 31 private and state loan programs provided about $493 million in loans to postsecondary students, with most of the financial aid going to traditional students attending 2- and 4-year institutions; (2) nontradit...
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 Loans: Prompt Payment of Origination Fees Could Reduce Costs
HRD-92-61: Published: Jul 24, 1992. Publicly Released: Jul 24, 1992.
Pursuant to a congressional request, GAO reviewed the Department of Education's collection of origination fees paid on Stafford student loans, focusing on: (1) the extent of and reasons for the delayed receipt of origination fees; and (2) actions needed to facilitate the prompt receipt of the fees.GAO found that: (1) Education is incurring unnecessary interest costs because it does not receive fee...
Guaranteed Student Loans: Eliminating Interest Rate Floors Could Generate Substantial Savings
HRD-92-113: Published: Jul 21, 1992. Publicly Released: Jul 21, 1992.
Pursuant to a congressional request, GAO provided information on how interest rate floors on certain guaranteed student loans affect the federal government's and students' costs when rates on short-term government securities decline.GAO found that: (1) the federal government and student borrowers could save several hundred million dollars in future interest payments if the Department of Education...
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 $...
Stafford Student Loans: Lower Subsidy Payments Could Achieve Savings Without Affecting Access
HRD-92-7: Published: Jan 6, 1992. Publicly Released: Jan 6, 1992.
GAO reviewed the Stafford Student Loan Program, focusing on the potential effect of lower federal subsidy rates on the volume of Stafford loans supplied by commercial lenders.GAO found that: (1) moderate reductions to the special allowance could generate substantial program savings without jeopardizing the program's reliance on private loan capital; (2) a special allowance factor of 3 percent coul...
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...
Perkins Student Loans: Options That Could Make the Program More Financially Independent
HRD-92-6: Published: Dec 9, 1991. Publicly Released: Dec 9, 1991.
Pursuant to a congressional request, GAO provided information on the financial independence of the Department of Education's Perkins Student Loan Program.GAO found that: (1) of the 3,230 participating schools, 419 had Perkins program revolving funds in which income exceeded operating costs and losses, and the remaining 2,811 schools' operating costs exceeded their funds' income; (2) through June 3...
Medical Residents: Options Exist to Make Student Loan Payments Manageable
HRD-92-21: Published: Nov 26, 1991. Publicly Released: Nov 26, 1991.
Pursuant to a congressional request, GAO evaluated medical residents' ability to repay their educational debts.GAO found that: (1) medical residents who are required to make principal or interest payments on their Stafford loans could incur financial hardship; (2) without forbearance, third- and fifth-year residents would spend about 17 and 18 percent, respectively, of gross income to repay their...
Direct Student Loans Could Save Money and Simplify Program Administration
T-HRD-92-8: Published: Oct 29, 1991. Publicly Released: Oct 29, 1991.
GAO discussed the: (1) potential federal savings associated with replacing Stafford Student loans with direct loans; and (2) how a direct loan program will affect the Department of Education and post-secondary educational institutions. GAO noted that: (1) in fiscal year (FY) 1992, a direct loan program operating in place of the Stafford program could save over $1 billion; (2) under a direct loan p...