A study was done by the Advisory Committee on Student Financial Assistance to determine specific legislative, regulatory or administrative sources of complexity and burden in student loan programs under Part B of the Higher Education Act of 1965 and to recommend enhancements that will have positive effects on loan delivery and collection systems for those programs. The study arose out of Congressional concern that the Part B programs have become too costly for the federal government and too complex to those receiving funds or administering the programs. The study gathered information through three regional hearings, a solicitation of the community for comment on preliminary findings, site visits, a symposium to discuss strategies, and a hearing on final recommendations. In order to synthesize the information gathered from the hearings, the study developed an analytical framework to clearly delineate sources of complexity. Six fundamental sources emerged: (1) multiple, overlapping loan programs; (2) conflicting terms and conditions among programs; (3) burdensome legislative and regulatory requirements; (4) inconsistent lender and guarantor policies; (5) nonstandard processes and forms; and (6) inadequate data and network infrastructure. The report details the findings concerning the effects of each of these complexity sources on students and schools. Five appendixes contain data on student loan commitments, borrower patterns, program interest rates, annual loan limits by program, and deferment categories. (JB)