Lending institutions (11 - 20 of 32 items)
Student Loans: Improvements in the Direct Loan Consolidation Process
HEHS-99-19R: Published: Nov 10, 1998. Publicly Released: Nov 10, 1998.
Pursuant to a congressional request, GAO provided information on the William D. Ford Federal Direct Loan Program's (FDLP) and the Federal Family Education Loan Program's (FFELP) loan consolidation process, focusing on: (1) whether FFELP lenders believe that Electronic Data Systems' (EDS) consolidation processing has improved since the December 1, 1997, reopening of the FDLP consolidation system to...
Direct Student Loans: Efforts to Resolve Lenders' Problems With Consolidations Are Under Way
HEHS-98-103: Published: Apr 21, 1998. Publicly Released: Apr 21, 1998.
Pursuant to a congressional request, GAO reviewed problems lenders had with William D. Ford Federal Direct Loan Program (FDLP) consolidation loans, focusing on: (1) the nature and source of problems Federal Family Education Loan Program (FFELP) lenders have encountered in the direct loan consolidation program; (2) whether these problems affected lenders; and (3) steps the Department of Education a...
Student Loans: Potential Effects of Raising Statutory Audit Threshold
HEHS-97-111R: Published: May 20, 1997. Publicly Released: May 20, 1997.
Pursuant to a congressional request, GAO provided information on the potential effects of raising the statutory audit threshold for the Federal Family Education Loan Program (FFELP) to lenders with loan portfolios that exceed $10 million, focusing on: (1) the number of lenders with loan portfolios between $5 million and $10 million, and the total loan volume in these lenders' portfolios; and (2) t...
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...
HEAF 1992 Financial Condition
HRD-93-21R: Published: Jun 18, 1993. Publicly Released: Jun 18, 1993.
Pursuant to a congressional request, GAO provided information on the federal costs for liquidation of the Higher Education Assistance Foundation (HEAF) in fiscal year (FY) 1992. GAO noted that: (1) the net costs for HEAF liquidation in FY 1992 were $6.9 million; (2) although HEAF assets increased by $138.3 million in FY 1992, its costs were $145.2 million; (3) HEAF affiliates excused $46.5 million...
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...
Student Loans: Direct Loans Could Save Billions in First 5 Years With Proper Implementation
HRD-93-27: Published: Nov 25, 1992. Publicly Released: Nov 25, 1992.
Pursuant to a congressional request, GAO reviewed potential savings to the government by using direct rather than guaranteed loans to provide assistance to postsecondary school students, focusing on: (1) how direct loans achieve cost savings; and (2) the impact of direct lending on financial institutions.GAO found that: (1) direct student loans could save the federal government about $4.8 billion...
Guaranty Agency Solvency: Can the Government Recover HEAF's First-Year Liquidation Cost of $212 Million?
HRD-93-12BR: Published: Nov 13, 1992. Publicly Released: Nov 13, 1992.
Pursuant to a congressional request, GAO provided information on 1991 federal costs incurred due to the Department of Education's agreement to liquidate the Higher Education Assistance Foundation (HEAF).GAO found that: (1) prior to 1992, Education was not obligated to pay lenders' default claims if a guaranty agency became insolvent or failed to meet its obligations; (2) Education may provide fede...
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: 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...