Students (61 - 70 of 95 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 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...
Student Aid Information and Private Tuition-Guarantee Programs
T-PEMD-91-6: Published: May 15, 1991. Publicly Released: May 15, 1991.
GAO discussed students' and parents' knowledge of college costs, and federal and private-sector student aid programs. GAO noted that: (1) students and parents had limited knowledge of the cost of attending different kinds of schools, and the availability of student aid; (2) students and parents from low-income families knew more about grants, while those from higher-income families knew more about...
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...
Higher Education: Gaps in Parents' and Students' Knowledge of School Costs and Federal Aid
PEMD-90-20BR: Published: Jul 31, 1990. Publicly Released: Aug 29, 1990.
Pursuant to a congressional request, GAO reviewed information on students' and parents' knowledge of federal financial aid for higher education and the cost of postsecondary schools.GAO found that: (1) more than 59 percent of ninth graders had received no information about financial aid from their schools; (2) most middle- and low-income parents without children in college lacked information about...
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...
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...