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Student Loans: Direct Loans Could Save Billions in First 5 Years With Proper Implementation

HRD-93-27 Published: Nov 25, 1992. Publicly Released: Nov 25, 1992.
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Pursuant to a congressional request, GAO reviewed potential savings to the government by using direct rather than guaranteed loans to provide assistance to postsecondary school students, focusing on: (1) how direct loans achieve cost savings; and (2) the impact of direct lending on financial institutions.

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Administrative costsAid for educationCost analysisCost controlDirect loansFunds managementGovernment guaranteed loansHigher educationLending institutionsStudent loans