Education loan programs (21 - 30 of 35 items)
Department of Education: Information on Consolidation Opportunities and Student Aid
T-HEHS-95-130: Published: Apr 6, 1995. Publicly Released: Apr 6, 1995.
Pursuant to a congressional request, GAO discussed federally supported education programs, focusing on: (1) potential opportunities to consolidate overlapping programs; (2) potential cost savings associated with the proposed direct student loan program; and (3) the Department of Education's efforts to strengthen its procedures for determining which schools participate in federal student financial...
Guaranteed Student Loans: Actions to Ensure Continued Student Access to Subsidized Loans
HEHS-95-64: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed how recent legislative changes have affected the availability of federally subsidized Stafford student loans, focusing on: (1) the arrangements guaranty agencies have to provide loans to eligible borrowers; and (2) Department of Education efforts to ensure continued student access to subsidized Stafford loans.GAO found that: (1) eligible students w...
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...
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...
Defaulted Student Loans: Private Lender Collection Efforts Often Inadequate
HRD-87-48: Published: Aug 20, 1987. Publicly Released: Aug 20, 1987.
GAO evaluated the Department of Education's and guaranty agencies' policies and procedures in paying default claims under the Guaranteed Student Loan Program to determine whether they adequately protected the federal government's financial interest and minimized unnecessary insurance costs.GAO found that: (1) although most of the guaranty agencies developed standards for collecting loans and filin...
Guaranteed Student Loans: Guidelines for Reducing Guaranty Agency Reserves
HRD-86-129BR: Published: Aug 7, 1986. Publicly Released: Aug 7, 1986.
Pursuant to a congressional request, GAO: (1) provided guidelines for determining the maximum amount of cash reserves necessary to guarantee loans under the Guaranteed Student Loan Program; and (2) estimated the effects the guidelines would have if they were implemented in fiscal year (FY) 1986.GAO noted that agencies should establish their own maximum reserves based upon their potential to experi...
Guarantee Agency Funding, Operations, and Reserves Under the Guaranteed Student Loan Program
127236: Jun 20, 1985
GAO reviewed the guarantee agencies under the Guaranteed Student Loan Program (GSLP) with emphasis on how those agencies are financed and how they accumulate, maintain, and use reserve funds. There are 47 organizations that serve as the guarantee agencies for 58 separate reporting units under GSLP and act as the middleman between the Department of Education and lenders. Federal funds in the form o...
Veterans Administration Education Loan Program Should Be Terminated: Legislative Action Taken
HRD-81-128: Published: Aug 28, 1981. Publicly Released: Sep 15, 1981.
GAO expanded a followup review of the Veterans Administration (VA) education loan program to provide more geographic coverage and to determine whether eligible veterans and dependents were reporting all available resources, if veterans were also eligible for the Department of Education financial aid programs, and if such aid would satisfy their financial needs.GAO found that a number of actions ta...
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...
Citizenship and Residency Requirements for Government Student Loans
FGMSD-80-25: Published: Dec 20, 1979. Publicly Released: Jan 21, 1980.
A review was conducted of the possibility that foreign nationals may be improperly receiving direct government or government-guaranteed student loans. Preliminary work indicates that the laws establishing eligibility for National Direct Student Loans, Health Professions Loans, and Nurses Training Loans are silent with regard to foreign national students. Additional research is being done to determ...