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Student Loan Lenders: Information on the Activities of the First Independent Trust Company

HRD-90-183FS Published: Sep 25, 1990. Publicly Released: Sep 25, 1990.
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Highlights

Pursuant to a congressional request, GAO reviewed the activities of a closed California bank, focusing on: (1) its loan portfolio; (2) money it owed the Department of Education under the Stafford Student Loan Program; and (3) bank audits and reviews conducted by various organizations.

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Topics

Business Regulation and Consumer Protection
Bank examinationBank managementBanking regulationGovernment guaranteed loansHigher educationLending institutionsStudent financial aidStudent loansVocational schoolsStudents