Government guaranteed loans (71 - 79 of 79 items)
The Department of Education's Actions To Collect Defaulted Student Loans
127222: Jun 19, 1985
Pursuant to a congressional request, testimony was given concerning the Department of Education's use of private collection agencies to collect defaulted student loans under the Federally Insured Student Loan Program and the National Direct Student Loan Program. GAO found that Education has taken steps to improve collections and has increased in-house and contract collections with less departmenta...
Student Loan Marketing Association's Loan Consolidation Program
121459: May 25, 1983
GAO presented information concerning the Student Loan Marketing Association (Sallie Mae) loan consolidation programs. Specifically, GAO discussed the program's costs and impact on defaults as well as potential legislative modifications affecting program expansion, interest rates, minimum loan amounts, and interest subsidies. GAO noted that Sallie Mae estimates that the consolidation program will c...
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...
Student Loan Insurance Fund
HRD-80-12: Published: Oct 25, 1979. Publicly Released: Oct 25, 1979.
The Student Loan Insurance Fund is used to finance Federal insurance and reinsurance of loans made under the Guaranteed Student Loan (GSL) program. Previous reports have discussed the inability of the Office of Education's accounting and computer systems to provide accurate information for the Fund's financial statements and program operation. Although efforts are under way to improve the GSL acco...
Office of Education's Basic Grant Program Can Be Improved
HRD-77-91: Published: Sep 21, 1977. Publicly Released: Sep 21, 1977.
The Basic Educational Opportunity Grant Program has provided financial aid to needy students, but often it has not met its legislative goal of being the foundation of financial aid for needy students.The Office of Education has not established adequate controls to guarantee that information supplied by applicants and parents is accurate. As much as $24.3 million may have been awarded to ineligible...
Collection Efforts Not Keeping Pace With Growing Number of Defaulted Student Loans
CD-77-1: Published: Aug 11, 1977. Publicly Released: Aug 11, 1977.
Although some positive actions are being taken by the Office of Education to collect defaulted student loans, the problem has reached serious proportions.The Office of Education guaranteed 4 million student loans amounting to $4.5 billion through September 1976. It had to pay about $287 million to lending institutions during the same time because about one of every six loans had been defaulted aft...
Guaranteed Student Loan Program Bankruptcies
HRD-77-83: Published: Apr 15, 1977. Publicly Released: Apr 15, 1977.
Under the Guaranteed Student Loan program, loans are made to students by participating private lenders. These loans are insured by the U.S. Office of Education or by State or private nonprofit guarantee agencies which have reinsurance agreements with the Office. The Federal Government pays 100% of lender losses on default and bankruptcy claims on Office of Education insured loans, and reimburses S...
Procedures To Recover Defaulted Loans Under the Guaranteed Student Loan Program
B-117604(7): Published: Feb 26, 1973. Publicly Released: Dec 27, 1976.
No summary is currently available...