Student financial aid (41 - 50 of 113 items)
Student Financial Aid: Need Determination Could Be Enhanced through Improvements in Education's Estimate of Applicants' State Tax Payments
GAO-05-105: Published: Jan 21, 2005. Publicly Released: Jan 28, 2005.
In 2003, the Department of Education (Education) proposed an update to the state and other tax allowance, a part of the federal need analysis for student financial aid. Most federal aid as well as some state and institutional aid is awarded based on the student's cost of attendance less the student's and/or family's ability to pay these costs--known as the expected family contribution (EFC). The a...
Federal Student Aid: Expanding Eligibility for Less Than Halftime Students Could Increase Program Costs, But Benefits Uncertain
GAO-03-905: Published: Sep 10, 2003. Publicly Released: Oct 14, 2003.
Despite the availability of federal, state, and other sources of student aid, concerns have been raised that adult undergraduates--those 24 and older--receive inadequate assistance in meeting the costs of postsecondary education, particularly those adults who take one to five credits per term (or less than halftime). These concerns have been raised because less-than halftime adult students are una...
Student Loans and Foreign Schools: Assessing Risks Could Help Education Reduce Program Vulnerability
GAO-03-647: Published: Jul 25, 2003. Publicly Released: Jul 25, 2003.
Recent events have increased concerns about the potential for fraud in Education's student loan programs related to loans for U.S. residents attending foreign schools. In 2002, GAO's Office of Special Investigations created a fictitious foreign school that Education subsequently certified as eligible to participate in the student loan program. GAO investigators subsequently successfully obtained a...
Student Financial Aid: Monitoring Aid Greater Than Federally Defined Need Could Help Address Student Loan Indebtedness
GAO-03-508: Published: Apr 30, 2003. Publicly Released: Apr 30, 2003.
Over half of the $80.4 billion in financial aid provided to college students in the 2000-01 school year came from the federal government in the form of grants and loans provided under Title IV of the Higher Education Act (HEA). To help finance their education, students and families may have received other funds from states, private groups or lenders, and/or the schools themselves. We initiated thi...
Department of Education: Guaranteed Student Loan Program Vulnerabilities
GAO-03-268R: Published: Nov 21, 2002. Publicly Released: Jan 17, 2003.
Congress requested that GAO investigate weaknesses in the Department of Education's administration of student loans for postsecondary education under the Federal Family Education Loan (FFEL) Program. As a result of the undercover investigation, GAO exposed vulnerabilities in the administration of the FFEL Program. GAO set up a fictitious school and sought and obtained approval for student loans to...
Distance Education: Growth in Distance Education Programs and Implications for Federal Education Policy
GAO-02-1125T: Published: Sep 26, 2002. Publicly Released: Sep 26, 2002.
Increasingly, the issues of distance education and federal student aid intersect. About one in every 13 postsecondary students enrolls in at least one distance education course, and the Department of Education estimates that the number of students involved in distance education has tripled in just 4 years. As the largest provider of financial aid to postsecondary students, the federal government h...
School Vouchers: Characteristics of Privately Funded Programs
GAO-02-752: Published: Sep 10, 2002. Publicly Released: Sep 26, 2002.
Privately funded voucher programs are a new development in the nation's experiment with school vouchers. These programs, started in the early 1990s, provide low-income families with private, nongovernmental tuition assistance at private schools for kindergarten through grade 12. Although private schools have long offered various forms of financial assistance, many of these privately funded voucher...
Veterans' Education Benefits: Comparison of Federal Assistance Awarded to Veteran and Nonveteran Students
GAO-02-368: Published: Feb 25, 2002. Publicly Released: Feb 28, 2002.
The Montgomery GI Bill provides a monthly stipend to pay postsecondary education expenses for veterans and eligible service members. Concerns have been raised about whether GI benefits adequately cover educational costs and whether the receipt of GI benefits affects other federal financial assistance available to postsecondary students under Title IV of the Higher Education Act and the Internal Re...
Federal Student Loans: Flexible Agreements with Guaranty Agencies Warrant Careful Evaluation
GAO-02-254: Published: Jan 31, 2002. Publicly Released: Jan 31, 2002.
The relationship between the Department of Education and state-designated guaranty agencies that run the largest federal student loan program is changing in order to achieve program and cost efficiencies and improve delivery of student financial aid. These state or private not-for-profit agencies guarantee payment if students fail to repay loans obtained through the Federal Family Education Loan p...
Alternative Market Mechanisms for the Student Loan Program
GAO-02-84SP: Published: Dec 18, 2001. Publicly Released: Dec 18, 2001.
This report reflects the results of a collaborative effort between GAO and representatives of the Secretary of Education. As required by the Higher Education Amendments of 1998, GAO formed a study group to identify and evaluate a means of establishing a market mechanism for the delivery of student loans. This study group consisted of representatives of the Department of the Treasury, Office of Man...