Loan defaults (51 - 60 of 80 items)
The Stafford Student Loan Program
T-HRD-90-13: Published: Feb 20, 1990. Publicly Released: Feb 20, 1990.
GAO discussed the Stafford Student Loan Program, specifically: (1) how the program works; (2) the growth in loans guaranteed and defaulted; and (3) recent legislative and regulatory changes. GAO found that: (1) Stafford loans were low-interest loans made on the basis of financial need; (2) the program accounted for about 54 percent of the student aid provided by the Department of Education; and (3...
Supplemental Student Loans: Who Borrows and Who Defaults
HRD-90-33FS: Published: Oct 17, 1989. Publicly Released: Oct 17, 1989.
Pursuant to a congressional request, GAO provided information on the Supplemental Loans for Students (SLS) Program, focusing on the: (1) volume of loans made to students attending postsecondary and proprietary schools; (2) extent to which freshman students borrowed as opposed to other students; and (3) value of SLS defaulted loans.GAO found that: (1) during the last 3 years, SLS loans have totalle...
Guaranteed Student Loans: Comparisons of Single State and Multistate Guaranty Agencies
HRD-89-92: Published: Jul 11, 1989. Publicly Released: Jul 11, 1989.
Pursuant to a legislative requirement, GAO compared the practices of multistate and single-state guaranty agencies which insure lenders against defaulted loans under the Department of Education's Stafford Student Loan Program.GAO found that: (1) guaranty agencies' loan volumes varied widely, with the largest agency insuring over $2 billion in new loans and paying over $200 million in default claim...
Guaranteed Student Loans: Analysis of Student Default Rates at 7,800 Postsecondary Schools
HRD-89-63BR: Published: Jul 5, 1989. Publicly Released: Jul 5, 1989.
Pursuant to a congressional request, GAO provided information on the: (1) types of schools attended by and default rates of approximately 1.2 million borrowers who obtained student loans from the Department of Education's Stafford Student Loan Program in 1983; and (2) borrower default rate, total default dollars, and total number of defaulters for each of the approximately 7,800 schools the borrow...
Guaranteed Student Loans: Lenders' Interest Billings Often Result in Overpayments
HRD-88-72: Published: Aug 31, 1988. Publicly Released: Aug 31, 1988.
GAO reviewed lenders' billings under the Guaranteed Student Loan Program to determine whether the Department of Education was incurring excessive costs related to its payment of interest and special-allowance subsidies, focusing on the extent to which: (1) lenders erred in billing Education for interest and special-allowance payments; (2) lender billing errors resulted in federal overpayments; and...
Defaulted Student Loans: Preliminary Analysis of Student Loan Borrowers and Defaulters
HRD-88-112BR: Published: Jun 14, 1988. Publicly Released: Jun 14, 1988.
GAO provided information regarding the characteristics of borrowers and defaulters in the Department of Education's Guaranteed Student Loan program.GAO found that: (1) loans guaranteed through 1987 totalled over $70 billion, with outstanding student debt almost doubling during the last 5 years; (2) during the same 5-year period, defaults increased by 276 percent, with federal default claims amount...
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: 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...