A study to examine the repayment of Guaranteed Student Loans is described. It found that most of the institutions with more than 60 percent of their student loans in default are proprietary schools. The study is aimed at helping state and federal policymakers make decisions on student-aid programs. (MLW)

Officials on 10 campuses that are testing the new income contingent loans say that borrowers don't understand how it works, and they predict that students would not like the new loans because the interest rates are so high that it could take a life-time to pay the money back. (MLW)

Basic legal knowledge that the student financial administrator needs is outlined: the legal system, requirements and regulations affecting financial aid, interacting with lawyers and the legal system, and substantive law and legal issues affecting the operation of the office. (MLW)

Students who have their National Direct Student Loans or Guaranteed Student Loans discharged under federal bankruptcy law may encounter difficulty obtaining college transcripts, and should be counseled on these problems. Available from University of Louisville, 2301 Third St., Louisville, KY 40208; $4.00. (MSE)

This report discusses recent changes in federal aid to postsecondary students enacted by Congress during 1992-93, focusing on the 1992 Amendments to the Higher Education Act and the 1993 Federal Direct Student Loan (DL) Program. The report reviews recent issues surrounding federal aid to postsecondary students, such as program accountability and…

This publication is intended to accompany the official cohort default rate notification letters sent to postsecondary schools each year and to be used by the schools in preparing materials used for appeals. The guide covers the Federal Family Education Loan Program and/or William D. Ford Direct Loan Program cohort rates and does not contain…

Federal student financial aid programs were compared with programs proposed by the Reagan Administration in the Department of Education's fiscal year 1988 budget. Of concern were: total aid received by a student, the portions provided as grants and loans, and the portion of the student's postgraduation income that would be required to repay the…

The report presents information collected by the U.S. General Accounting Office on the Supplemental Loans for Students (SLS) program, which provides market rate loans to postsecondary students in addition to, or in lieu of, other financial aid such as Stafford Loans and Pell grants. Some of the data are as follows: over $3.2 billion in SLS loans…

This General Accounting Office (GAO) testimony before the Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives, concerns the findings of the task force that addressed the increasing costs of student loan defaults. The task force report is considered, generally, to provide additional incentives and…

Educational loan limits for graduate and professional students were estimated to provide manageable repayments that were a proportion of the borrowers' future consumption budget data. Based on each professional group's income profile, loan repayments were computed for each year of repayment and summed across alternative repayment periods to arrive…

Silber's proposed Tuition Advance Fund for undergraduate student financial aid is criticized. It is suggested that what the TAF would do is substitute the student's borrowing from the government for what the parents now contribute to higher educaiton. (LBH)

This report examines issues relevant to establishing an Office of Student Financial Assistance (OSFA) ombudsman office within the Department of Education. The OSFA ombudsman office came out of the need to improve student lending program services and to mitigate the impact of loan default on students. It was determined that students involved in…

Whereas many prior studies evaluated the association between borrower or institutional characteristics and default behavior, the general finding of most researchers today is that college success plays a bigger role in predicting who will default than either the background of the borrower or the type of institution attended. All else being equal,…

Policy modifications by postsecondary, business, and banking institutions are suggested to make small loans readily available to adult learners for higher education. The author focuses on middle-income adult students with an interest in career mobility in examining existing student loan programs, deferred tuition plans, and adult repayment rates.…

Based on a survey of former California State University students who repaid (224) or defaulted on (128) loans, an analysis found high levels of significance in postsecondary outcome variables (graduation, employment and income patterns), institutional practices and characteristics, student background characteristics, and understanding of rights…