Government guaranteed loans (61 - 70 of 79 items)
Pell Grants: Who Receives Them and What Would Larger Grants Cost?
HRD-88-106BR: Published: Jun 14, 1988. Publicly Released: Jun 14, 1988.
In response to a congressional request, GAO analyzed a proposal to substitute Pell Grants for guaranteed student loans, focusing on the: (1) costs associated with increasing the size and availability of Pell Grants; and (2) characteristics of Pell Grant recipients.GAO found that: (1) 2.8 million undergraduate students received over $3.4 billion in grants in the 1986 through 1987 school year to fin...
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...
Guaranteed Student Loans: Potential Default and Cost Reduction Options
HRD-88-52BR: Published: Jan 7, 1988. Publicly Released: Jan 7, 1988.
In response to a congressional request, GAO provided information on options for reducing guaranteed student loan defaults and related federal costs for higher education.GAO found that options: (1) requiring borrowers to pay a loan origination fee, eliminating the grace period before beginning repayment, and charging market interest rates for borrowers who default would specifically impact students...
Guaranteed Student Loans: Analysis of Insurance Premiums Charged by Guaranty Agencies
HRD-88-16BR: Published: Oct 7, 1987. Publicly Released: Oct 7, 1987.
In response to a congressional request, GAO reviewed the insurance premium rates that guaranty agencies charge student borrowers under the Guaranteed Student Loan Program.GAO found that: (1) the agencies received $83 million in premiums in fiscal year (FY) 1986, with effective insurance rates ranging from .064 to 2.87 percent; (2) 10 of the agencies lowered their insurance rates, while 7 raised th...
Guaranteed Student Loans: Legislative and Regulatory Changes Needed To Reduce Default Costs
HRD-87-76: Published: Sep 30, 1987. Publicly Released: Sep 30, 1987.
Pursuant to a congressional request, GAO examined needed legislative and regulatory changes for the Department of Education's Guaranteed Student Loan Program, focusing on: (1) guaranty agencies' loan collection practices and procedures; (2) ways to reduce default costs; (3) the amount of time defaulters have to repay loans; and (4) whether guaranty agencies are promptly remitting Education's share...
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...
Defaulted Student Loans: Guaranty Agencies' Collection Practices and Procedures
HRD-86-114BR: Published: Jul 17, 1986. Publicly Released: Jul 17, 1986.
Pursuant to a congressional request, GAO reviewed the methods used by the Department of Education and state or nonprofit loan guaranty agencies to collect defaulted student loans.GAO found that: (1) guaranty agencies provide preclaims assistance to lenders, process lenders' claims, collect loans, prepare forms for Education, and perform litigation of defaulters; (2) guaranty agencies' standard pro...
Guaranteed Student Loans: Better Criteria Needed for Financing Guarantee Agencies
HRD-86-57: Published: Jul 2, 1986. Publicly Released: Jul 2, 1986.
GAO reported on the financing of guarantee agencies under the Department of Education's Guaranteed Student Loan Program, specifically whether reserves exceed the risks guarantee agencies are asked to assume, at the expense of the federal government and student borrowers.GAO found that: (1) guarantee agencies decided for themselves the levels of reserve funds they needed, but they accumulated more...
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...