Loan repayments (41 - 50 of 66 items)
Medical Residents: Options Exist to Make Student Loan Payments Manageable
HRD-92-21: Published: Nov 26, 1991. Publicly Released: Nov 26, 1991.
Pursuant to a congressional request, GAO evaluated medical residents' ability to repay their educational debts.GAO found that: (1) medical residents who are required to make principal or interest payments on their Stafford loans could incur financial hardship; (2) without forbearance, third- and fifth-year residents would spend about 17 and 18 percent, respectively, of gross income to repay their...
Direct Student Loans Could Save Money and Simplify Program Administration
T-HRD-92-8: Published: Oct 29, 1991. Publicly Released: Oct 29, 1991.
GAO discussed the: (1) potential federal savings associated with replacing Stafford Student loans with direct loans; and (2) how a direct loan program will affect the Department of Education and post-secondary educational institutions. GAO noted that: (1) in fiscal year (FY) 1992, a direct loan program operating in place of the Stafford program could save over $1 billion; (2) under a direct loan p...
Student Loans: Characteristics of Defaulted Borrowers in the Stafford Student Loan Program
HRD-91-82BR: Published: Apr 26, 1991. Publicly Released: Apr 26, 1991.
Pursuant to a congressional request, GAO reviewed studies of the various characteristics of students who defaulted on loans obtained under the Stafford Student Loan Program.GAO found that: (1) 12 studies frequently identified such defaulter characteristics as vocational or trade school attendance, low income, minority background, limited financial support, no high school diploma, failure to comple...
Defaulted Student Loans: Analysis of Defaulted Borrowers at Schools Accredited by Seven Agencies
HRD-90-178FS: Published: Sep 12, 1990. Publicly Released: Sep 12, 1990.
Pursuant to a congressional request, GAO provided information on the default rates in the Department of Education's Stafford Student Loan Program for postsecondary schools accredited by seven agencies.GAO found that: (1) the number of schools accredited by the agencies ranged from 16 to 781; (2) the number of borrowers in repayment by accrediting agency ranged from 16,413 to 353,872, and the loan...
Financial Problems in the Stafford Student Loan Program
T-HRD-90-52: Published: Jul 27, 1990. Publicly Released: Jul 27, 1990.
GAO discussed the financial problems of the Stafford Student Loan Program and the growth in loans guaranteed and defaulted. GAO found that: (1) the Stafford Student Loan Program represented 61 percent of federal student aid for fiscal year 1990; (2) between fiscal years 1983 and 1989, the number of guaranteed loans increased from about $3 million to almost $4.7 million, and the number of defaulted...
Consolidated Student Loans: Borrowers Benefit but Costs to Them and the Government Grow
HRD-90-8: Published: Jun 15, 1990. Publicly Released: Jun 15, 1990.
Pursuant to a congressional request, GAO reviewed the impact of the student loan consolidation program under the Higher Education Amendments of 1986.GAO found that: (1) annual student loan default costs increased from $235 million in fiscal year 1981 to nearly $1.4 billion in 1986; (2) the loan consolidation program provides assistance to borrowers needing help repaying their student loans; (3) lo...
Guaranteed Student Loans: Credit Bureau Reporting Practices by Guaranty Agencies and Lenders
HRD-90-71BR: Published: Apr 9, 1990. Publicly Released: Apr 9, 1990.
Pursuant to a congressional request, GAO reviewed the implementation of the Higher Education Amendments of 1986, focusing on: (1) guaranty agencies' and lenders' actions; and (2) the provisions' effect on individuals' repayment of student loans.GAO found that: (1) all guaranty agencies had agreements with or reported student loan delinquencies to at least one of the six national credit bureaus, bu...
Pell Grants: How the Department of Education Estimates Program Costs
HRD-90-73BR: Published: Feb 21, 1990. Publicly Released: Feb 21, 1990.
Pursuant to a congressional request, GAO assessed: (1) the Department of Education's process for estimating Pell grant program costs and the factors which contributed to its revision of its fiscal year 1990 budget request; and (2) whether Education had the authority to borrow funds from subsequent years' appropriations to pay for Pell grant funding shortfalls from previous years.GAO found that Edu...
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...
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...