Summary

GAO reviewed Department of Education's new rule on Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program. GAO found that (1) the final rule makes a number of changes to the federal loan programs authorized under title IV of the Higher Education Act of 1965 that are meant to strengthen and improve the administration of the programs; and (2) The Department of Education complied with applicable requirements in promulgating the rule.