Comments on CRS Direct Loan Report

HRD-93-20R: Published: Apr 29, 1993. Publicly Released: Apr 29, 1993.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the Congressional Research Service's (CRS) contentions that: (1) converting the Federal Family Education Loan Program into a direct lending program would not increase national income or achieve great savings; (2) federal administrative costs could absorb whatever interest savings direct lending generated; and (3) guaranteed and direct lending programs provide the same loan volume and lead to equal increases in educational investment. GAO noted that: (1) its relative cost analysis focused on federal budgetary costs, in that direct loans would allow the same loan volume at a lower federal cost; (2) the federal government could use savings accruing from direct lending for other spending or deficit reduction; and (3) direct lending would generate additional administrative expenses for new computer systems and training compared to guaranteed lending.

Apr 17, 2018

Apr 5, 2018

Apr 3, 2018

Mar 30, 2018

Mar 9, 2018

Feb 15, 2018

Jan 31, 2018

Nov 16, 2017

Looking for more? Browse all our products here