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Federal Family Education Loan Program: More Oversight Is Needed for Schools That Are Lenders. Report to Congressional Requesters. GAO-05-184
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Stroup, Sally – US Government Accountability Office, 2005
In fiscal year 2004, lenders made about $65 billion in loans through the Federal Family Education Loan Program (FFELP) to assist students in paying for postsecondary education. The Higher Education Act (HEA), which authorizes FFELP, broadly defined eligible lenders, including schools. The Department of Education's (Education) Office of Federal…
Descriptors: Postsecondary Education, Student Loan Programs, Compliance (Legal), Federal Aid