Federal Student Aid's core mission is to ensure that all eligible Americans benefit from federal financial assistance--grants, loans and work-study programs--for education beyond high school. The programs administered comprise the nation's largest source of student aid: during the 2007-08 school year alone, approximately $83 billion in new aid was…

The Web site http://www.ed.gov/DirectLoan/ provides information on the William D. Ford Federal Direct Loan Program for both professionals and borrowers. For professionals, it provides information on conferences, promissory notes, regulations, laws, and relevant links, as well as technical assistance, and other publications and guides. For…

The growth of the Student Loan Marketing Association has brought with it new financial products and services, including use of secured lines of credit to fund individual institutions' loans to parents, the Parent Loans for Undergraduate Studies, loans to states, and expanded purchase and commitment options. (MSE)

The need for financial aid programs for students in junior colleges is demonstrated in this report and recommendations are made for establishing them. Grants can be outright, requiring no payback, or contingent, requiring payback in money or labor. A financial program is generally some combination of scholarships and fellowships, loans, and…

This article presents arguments in favor of the federal government providing loans directly to higher education students (without intermediate lenders and secondary markets). It explains loan funding, processing, fund dispersal, college responsibilities, and remaining legislative hurdles. It attempts to dispel myths, such as that direct loans…

A study explored the issue of fiscal agency and its relationship to planning and implementing school-to-work (STW) systems to inform stakeholders in Arizona's emerging STW system about other states' experiences. A review of the STW Internet Gateway yielded a subset of states based on factors such as their history in implementing STW and…

The U.S. Department of Education Student Financial Assistance (SFA) outlines its three major objectives for fiscal year 2000 in its progress report. The objectives are: 1)customer satisfaction; 2) reduction in the overall cost of delivering student aid; and 3) employee satisfaction. Several new capabilities were added to the Direct Loan servicing…

The purpose of federal support for the general educational goals of higher education is examined in this testimony. Such support for higher education currently amounts to $3.4 billion, exclusive of research and veterans educational benefits under the GI bill. Two roles are identified for federal support of higher education: (1) the role of…

This document reproduces the testimony on the subject of a recent General Accounting Office report on the relative federal cost of guaranteed and direct student loans in postsecondary and higher education. The comments focus on the potential federal savings associated with substituting Stafford loans with direct loans and the effect that a direct…

To assist in making funds available for student higher education loans and to keep their interest rates as low as possible, the Department of Education compensates participating lending institutions using a combination of interest subsidies and special allowance payments. Lenders use ED Form 799, Lender's Interest and Special Allowance Request and…

This document presents an overview of the status of Federal legislation for and appropriations to education for the fiscal year 1971. Federal assistance to higher education is discussed, and the amendments to the Elementary and Secondary Education Act (ESEA), the National School Lunch Act, and the Special Milk Program are explained. Tables list…

Eleven articles on various aspects of educational finance comprise this document, volume two of the NEFP series. Volume one of this series deals with educational needs, volume three with educational planning and finance, and volume four with the impact of educational finance programs. In general, the material in this volume treats education as a…

From the early 1960's to about 1970, the hunt for revenue absorbed most of community college educators' energies and ingenuity. Today, while they continue to search for new sources, educators are looking at the other side of the balance sheet--namely, better utilization of resources through improved management and cost effectiveness. This…

This document describes the organization, systems of management and governance, and financing of the San Diego Unified School District, serving over 122,000 students in California. The first chapter reviews the services provided by the district: instructional services, incorporating instructional personnel and programs; support service, including…

The results of an evaluation study of selected educational institutions and students participating in direct school lending under the Federal Insured Student Loan Program (FISLP) is presented. Proprietary schools, which as a group have had a history of high default rates, and institutions of higher education, which are becoming the primary…