This report summarizes the accomplishments of the U.S. Department of Education, Office of Inspector General (OIG), for the 6-month period ending March 31, 1993. An audit and inspection of student financial assistance programs administered by the Office of Postsecondary Education found that many postsecondary vocational training programs are funded despite poor job prospects for program graduates. Loan monies were also disbursed incorrectly or fraudulently. Misallocation and abuse of funds were also found among elementary, secondary, and special programs for the disadvantaged and disabled. There were several indictments and prosecutions of proprietary-school officials involving student loan fraud and other offenses. The report's seven chapters describe audit and inspection activities, investigative activities, significant management problems, legislative and regulatory activities, and non-federal audit activities. They also provide a statistical summary, and information on background and organization. Appendices include an index of reporting requirements, audit-resolution tables, reports on programs and activities, unresolved audit reports, significant findings and recommendations of the audit reports, prosecution actions resulting from OIG investigations, and glossaries of abbreviations and terms. (JPT)