Student Loans: Potential Effects of Raising Statutory Audit Threshold
HEHS-97-111R
Published: May 20, 1997. Publicly Released: May 20, 1997.
Skip to Highlights
Highlights
Pursuant to a congressional request, GAO provided information on the potential effects of raising the statutory audit threshold for the Federal Family Education Loan Program (FFELP) to lenders with loan portfolios that exceed $10 million, focusing on: (1) the number of lenders with loan portfolios between $5 million and $10 million, and the total loan volume in these lenders' portfolios; and (2) the number, types, monetary impact, and disposition of audit findings reported to the Department of Education by lenders with loan portfolios in that range.
Full Report
Office of Public Affairs
Topics
Audit reportsAuditing standardsAuditsGovernment guaranteed loansLending institutionsNoncomplianceReporting requirementsStudent loansEducation loan programsHigher education