Government guaranteed loans (41 - 50 of 79 items)
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...
Student Financial Aid: Education Can Do More to Screen Schools Before Students Receive Aid
HRD-91-145: Published: Sep 27, 1991. Publicly Released: Sep 27, 1991.
Pursuant to a congressional request, GAO determined what changes might strengthen the Department of Education's role as the gatekeeper for approving schools before their students can receive federal student aid, focusing on proprietary schools.GAO found that: (1) Education does not have adequate controls in place to prevent financially weak schools and schools that do not provide promised training...
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...
Perkins Student Loans: Need for Better Controls Over Loans Recovered From Closed Schools
HRD-91-70: Published: Mar 27, 1991. Publicly Released: Mar 27, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Education's Perkins Student Loan Program, focusing on Education's policies, procedures, and practices for recovering Perkins loan fund assets from schools that go out of business.GAO found that Education lacked: (1) adequate internal controls over Perkins fund assets obtained from closed schools; (2) adequate data and guidance for...
Stafford Student Loans: Millions of Dollars in Loans Awarded to Ineligible Borrowers
IMTEC-91-7: Published: Dec 12, 1990. Publicly Released: Jan 24, 1991.
Pursuant to a congressional request, GAO evaluated the Department of Education's database on Stafford student loans and how Education could use such data to prevent loan abuses.GAO found that: (1) about 32,000 students who had defaulted on loans totalling over $54 million later received new loans worth over $109 million; (2) Education may have made up to $5 million in loans to students in excess o...
Guaranteed Student Loans: Profits of Secondary Market Lenders Vary Widely
HRD-90-130BR: Published: Sep 28, 1990. Publicly Released: Sep 28, 1990.
Pursuant to a congressional request, GAO reviewed the activities of secondary market lenders that purchase loans made under the Department of Education's Stafford Student Loan Program to determine the: (1) lenders' rates of return or profitability on Stafford loans during fiscal years 1985 through 1988; (2) reasons for varying levels of profitability among those lenders; and (3) effects of the 198...
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...