Schools (51 - 60 of 70 items)
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: Analysis of Insurance Premiums Charged by Guaranty Agencies
HRD-88-16BR: Published: Oct 7, 1987. Publicly Released: Oct 7, 1987.
In response to a congressional request, GAO reviewed the insurance premium rates that guaranty agencies charge student borrowers under the Guaranteed Student Loan Program.GAO found that: (1) the agencies received $83 million in premiums in fiscal year (FY) 1986, with effective insurance rates ranging from .064 to 2.87 percent; (2) 10 of the agencies lowered their insurance rates, while 7 raised th...
Need for the Law Enforcement Assistance Administration To Improve Certain Aspects of Its Management of the Law Enforcement Education Program
089486: Oct 29, 1973
No summary is currently available...
Noncitizen Student Loan Defaults
HRD-83-29: Published: Feb 7, 1983. Publicly Released: Feb 16, 1983.
In response to a congressional request, GAO examined defaults by noncitizens under the National Direct Student Loan (NDSL) program at six Chicago area institutions of higher education. GAO reviewed the authority that permits such loans to noncitizens, the discretion that schools have in making these loans, the number of noncitizen students that have loans, and the number of defaults.The Department...
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...
GAO Reports Concerning Federal Student Financial Aid Programs
117445: Feb 3, 1982
GAO reported on the academic progress standards for students receiving Federal financial aid, the collection of defaulted National Direct Student Loans, and the Guaranteed Student Loan information system. An effective academic progress standard should measure the quality of students' work and rates of progress toward definite educational goals. Inconsistent, weak, and nonspecific Federal academic...
Improving the Collection of Debts Owed the Government
117014: Dec 8, 1981
Legislation, S. 1249, has been proposed to support the comprehensive collection of debts owed the Government. This legislation, as well as increased emphasis by agency heads on debt management are the keys to resolving the Government's longstanding problems in this area. GAO discussed specific problems in the administration of the health professions and nursing student loan programs. The problems...
Stronger Actions Needed To Recover $730 Million in Defaulted National Direct Student Loans
HRD-81-124: Published: Sep 30, 1981. Publicly Released: Sep 30, 1981.
The loans of the National Direct Student Loan Program are made from revolving funds maintained by participating schools which are responsible for making loans and collecting repayments. The Federal Government provides 90 percent of the moneys for the revolving funds, while the schools provide 10 percent. The program has been plagued by a high default rate. GAO reviewed the program to determine how...