Loan defaults (21 - 30 of 80 items)
Student Loans: Selected Characteristics of Schools in Two Major Federal Loan Programs
HEHS-97-45: Published: Jan 31, 1997. Publicly Released: Jan 31, 1997.
Pursuant to a congressional request, GAO provided information on the comparative levels of activity in the William D. Ford Federal Direct Loan Program (FDLP) and the Federal Family Education Loan Program (FFELP), focusing on the: (1) distribution of student loans between the two programs; (2) loan default rate for schools associated with each program; and (3) number of schools in each program on a...
Student Loans: Default Rates at Historically Black Colleges and Universities
HEHS-97-33: Published: Jan 21, 1997. Publicly Released: Jan 21, 1997.
Pursuant to a congressional request, GAO updated the information it previously reported on default rates at historically black colleges and universities (HBCU), focusing on the: (1) dollar amount of major federal student loans made to students at HBCUs and non-HBCUs; (2) most current default rates and the dollar amounts of the defaults, aggregated by kind of school, such as 2-year or 4-year, publi...
Education and Employment Issue Area: Active Assignments
AA-96-13(4): Published: Sep 3, 1996. Publicly Released: Sep 3, 1996.
GAO presented information on its active assignments in the Education and Employment issue area as of September 3, 1996...
Department of Education: Status of Actions to Improve the Management of Student Financial Aid
HEHS-96-143: Published: Jul 12, 1996. Publicly Released: Jul 12, 1996.
Pursuant to a congressional request, GAO reviewed the Department of Education's student financial aid programs, focusing on the: (1) status of Education actions in response to numerous recommendations concerning the administration of student financial aid programs; and (2) reasons Education gave for not acting on some recommendations.GAO found that: (1) Education has made progress in initiating ac...
Guaranty Agency Finances
HEHS-96-81R: Published: Mar 11, 1996. Publicly Released: Mar 11, 1996.
GAO estimated the potential savings from eliminating either Department of Education administrative expense allowance (AEA) payments to guaranty agencies or AEA payments in conjunction with a reduction in the share of guaranty agencies' collections on defaulted student loans. GAO noted that: (1) eliminating Education's AEA payments to guaranty agencies could save about $1 billion over five years; (...
Student Financial Aid: Data Not Fully Utilized to Identify Inappropriately Awarded Loans and Grants
T-HEHS-95-199: Published: Jul 12, 1995. Publicly Released: Jul 12, 1995.
GAO discussed the Department of Education's student aid programs, focusing on Education's: (1) use of student aid data to ensure compliance with regulations and prevent program abuses from reoccurring; and (2) planned improvements to its financial aid systems. GAO noted that: (1) Education has not fully used available data to enforce compliance with federal requirements, particularly regarding ine...
Student Loan Defaults: Department of Education Limitations in Sanctioning Problem Schools
HEHS-95-99: Published: Jun 19, 1995. Publicly Released: Jun 19, 1995.
Pursuant to a congressional request, GAO reviewed the Department of Education's efforts to resolve disputes arising from its debarment of schools from federally guaranteed student loan programs, focusing on: (1) how many schools have contested Education decisions and their main points of contention; (2) whether Education has taken sufficient steps to implement the 1993 amendments to the Higher Edu...
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...
Direct Student Loans: Selected Characteristics of Participating Schools
T-HEHS-95-123: Published: Mar 30, 1995. Publicly Released: Mar 30, 1995.
GAO discussed the Federal Direct Student Loan Program. GAO noted that: (1) 102 postsecondary schools are participating in the first year of the program; (2) 59 of the 102 schools are making the direct loans themselves while the other schools use alternative originators to make direct loans to their students; (3) the schools are very satisfied with the program; (4) the program enables students to r...
High Risk Series: Student Financial Aid
HR-95-10: Published: Feb 1, 1995. Publicly Released: Feb 1, 1995.
GAO reviewed the problems that affect the Department of Education's student financial aid programs.GAO found that: (1) in 1992, the federal government paid $2.6 billion to support its guaranteed student loan program; (2) the reasons for the government's student loan liability include the complex loan structure, the lack of incentives to prevent loan defaults, financial risks for lenders and state...