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Veterans Administration Education Loan Program Should Be Terminated: Legislative Action Taken

HRD-81-128 Published: Aug 28, 1981. Publicly Released: Sep 15, 1981.
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Highlights

GAO expanded a followup review of the Veterans Administration (VA) education loan program to provide more geographic coverage and to determine whether eligible veterans and dependents were reporting all available resources, if veterans were also eligible for the Department of Education financial aid programs, and if such aid would satisfy their financial needs.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Veterans Administration The VA Administrator should direct the Chief Benefits Director to require that schools' financial aid officers, or officials in similar positions, certify the resource data on veterans' VA loan applications; require that veterans submit copies of their Federal income tax returns with their loan applications; and periodically review a sample of approved loan applications to insure adherence to VA guidelines.
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Topics

Aid for educationCost controlEducation or training costsEligibility criteriaHigher educationLoan defaultsProgram managementStudent loansVeterans benefitsVeterans education