Schools (41 - 50 of 70 items)
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 Financial Aid: Education Can Do More to Screen Schools Before Students Receive Aid
HRD-91-145: Published: Sep 27, 1991. Publicly Released: Sep 27, 1991.
Pursuant to a congressional request, GAO determined what changes might strengthen the Department of Education's role as the gatekeeper for approving schools before their students can receive federal student aid, focusing on proprietary schools.GAO found that: (1) Education does not have adequate controls in place to prevent financially weak schools and schools that do not provide promised training...
Vulnerabilities in the Stafford Student Loan Program
T-HRD-91-33: Published: May 29, 1991. Publicly Released: May 29, 1991.
GAO discussed ways to improve the structure and administration of the Department of Education's Stafford Student Loan Program. GAO believes that Education needs to: (1) do a better job of approving and monitoring eligible schools; (2) expedite the development of its new student loan data systems designed to screen out ineligible students before they receive guaranteed loans; (3) provide better inc...
Perkins Student Loans: Need for Better Controls Over Loans Recovered From Closed Schools
HRD-91-70: Published: Mar 27, 1991. Publicly Released: Mar 27, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Education's Perkins Student Loan Program, focusing on Education's policies, procedures, and practices for recovering Perkins loan fund assets from schools that go out of business.GAO found that Education lacked: (1) adequate internal controls over Perkins fund assets obtained from closed schools; (2) adequate data and guidance for...
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...
School Accreditation: Activities of Seven Agencies That Accredit Proprietary Schools
HRD-90-179BR: Published: Sep 12, 1990. Publicly Released: Sep 12, 1990.
Pursuant to a congressional request, GAO reviewed information on the activities of seven agencies that accredited for-profit or proprietary schools that may participate in the Department of Education's Stafford Student Loan Program.GAO found that, between fiscal years 1985 and 1989: (1) the 7 agencies accredited 1,880 schools and denied 281 accreditation applications; (2) 6 agencies deferred accre...
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...