Loan repayments (51 - 60 of 66 items)
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...
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...
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...
Query Regarding Department of Education Regulations
B-210733: Published: Feb 25, 1983. Publicly Released: Jun 4, 1985.
GAO responded to a request for its legal opinion concerning provisions contained in Department of Education regulations which provide that any student who is required to register with the Selective Service and who fails to do so is ineligible for student financial assistance. GAO stated that the proposed regulations would be within the authority of the Secretary of Education...
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...
Actions Underway To Reduce Delinquencies in the Health Professions and Nursing Student Loan Programs
AFMD-83-7: Published: Dec 1, 1982. Publicly Released: Dec 8, 1982.
In response to a congressional request, GAO analyzed the problem of loan payment delinquency in the Health Professions and Nursing Student Loan Programs.According to the latest data available, more than 28 percent of borrowers in the programs were delinquent in payments by 90 days or more. More than $34 million was delinquent on loans with principal amounts totalling $77 million. The 23 participat...