Guaranteed Student Loans: Profits of Secondary Market Lenders Vary Widely
HRD-90-130BR
Published: Sep 28, 1990. Publicly Released: Sep 28, 1990.
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Highlights
Pursuant to a congressional request, GAO reviewed the activities of secondary market lenders that purchase loans made under the Department of Education's Stafford Student Loan Program to determine the: (1) lenders' rates of return or profitability on Stafford loans during fiscal years 1985 through 1988; (2) reasons for varying levels of profitability among those lenders; and (3) effects of the 1986 subsidy reductions on profitability.
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Government guaranteed loansHigher educationLending institutionsLoan interest ratesProfitsState programsStudent financial aidStudent loansSubsidiesSecondary markets