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Download full textCheryl E. Clark; Melissa Emrey-Arras; Robert F. Dacey – US Government Accountability Office, 2024
Over the last 3 decades, the Direct Loan program has grown in size and complexity, with over $1.3 trillion in outstanding loans as of September 2023. This program provides financial assistance to help students and their parents pay for postsecondary education. The Government Accountability Office (GAO) was asked to review issues related to…
Descriptors: Student Financial Aid, Risk, Costs, Guidance
Emrey-Arras, Melissa; Clark, Cheryl E.; Evans, Lawrance L., Jr. – US Government Accountability Office, 2022
Over the last three decades, the Direct Loan program has grown in size and complexity, with almost $1.4 trillion in outstanding federal student loans. The Direct Loan program provides financial assistance to students and their parents to help pay for postsecondary education. The US Government Accountability Office (GAO) was asked to review changes…
Descriptors: Student Loan Programs, Student Financial Aid, Federal Programs, Federal Aid
Emrey-Arras, Melissa – US Government Accountability Office, 2021
When a college closes, it can derail the education of many students, leaving them with loans but no degree. Those who cannot complete their education may be eligible to have their federal student loans forgiven through a "closed school discharge" from the Department of Education (Education), but this process has changed in recent years.…
Descriptors: Colleges, School Closing, Paying for College, Student Loan Programs
