This report discusses the Federal Family Education Loan (FFEL) Programs, formerly referred to as the Guaranteed Student Loan (GSL) Programs, which are designed to insure and subsidize loans private lenders make to students and their parents to help them meet the cost of postsecondary education. Chapter 1 outlines the major features of the FFEL…

This report on abuses in federal student aid programs, particularly the Guaranteed Student Loan Program (GSLP), is based on information gathered by the Senate Permanent Subcommittee on Investigations in the course of its overall investigation and the testimony and exhibits received during the course of hearings held between February and October,…

The cost to a typical borrower of participating in the Guaranteed Student Loan (GSL) program was studied, based on the analysis of automated models that calculate total borrower costs under various scenarios. The focus was related to the actual costs of obtaining and repaying a student loan. Conclusions are as follows: (1) student borrowers under…

Using a case study approach, the General Accounting Office (GAO) reviewed the results of 12 projects funded under the Urban Development Action Grant (UDAG) Program, which provided $3 billion in grants to distressed communities for economic revitalization and neighborhood reclamation projects. GAO found that the projects exceeded investment…

This paper provides recommendations for the development, implementation, and evaluation of a demonstration program designed to assess direct lending as a replacement for the current federal student loan program. It offers a list of principles which the demonstration project should address. Recommendations include: (1) maintenance of student…

As part of a larger program to identify and analyze federal programs at high risk for waste, fraud, abuse and mismanagement, this publication presents an evaluation of the Federal Family Education Loan Program (FFELP), formerly the Guaranteed Student Loan Program. The analysis argues that the program has not been successful in protecting the…

Proposals for the amendment or elimination of the in-school interest subsidy for the Guaranteed Student Loan (GSL) program were evaluated. The proposals were assessed in terms of their effects on the administrative and operational aspects of the GSL program, the availability of loan capital, and their impact on borrowers' ability to meet their…

The hearing was held to examine H.R. 2544, the Public Service Education Assistance Act of 1989, which provides Federal agencies the flexibility to pay or reimburse employees for degree training in critical skills occupations and authorizes agencies to pay all or part of student loan debt for certain Federal employees. The bill is designed to…

The problem of managing collection efforts on defaulted student loans under the guaranteed student loan program is discussed. This review was made to assist the Office of Education in developing collection guidelines and procedures to cope more effectively with the rapidly increasing backlog of defaulted loans. It is shown that changes in policy…

A discussion of the problem of student loan defaults places the issue in the context of loan program history and current federal policy. It argues that the situation is more complex than some public officials admit, and that short-term solutions will not effectively address the long-term problem. (MSE)

This document presents federal student loan cohort default rates for postsecondary institutions, including two- and four-year colleges, universities, church-affiliated schools, historically black colleges and universities, tribally controlled schools, and proprietary vocational schools. Each listing, sorted alphabetically by school name, contains…

This document presents federal student loan cohort default rates for postsecondary institutions including, two- and four-year colleges, universities, church-affiliated schools, historically black colleges and universities, tribally controlled schools, and proprietary vocational schools. Each listing, sorted by Office of Postsecondary Education…

This collection of tables is a compilation of 1998 default rates of institutions of higher education participating in the federal Perkins Loan program and is based on the cohort of borrowers who entered repayment status in the 1996-97 reporting period. Data are presented by state and by individual institution and include: (1) number of borrowers…

This collection of tables is a compilation of 1998 school cohort default rates for fiscal years(FY) 1995, 1996, and 1997 for all schools that are currently participating in any Title IV student financial assistance program. Schools are listed by state in descending order by cohort default rate. Foreign schools are listed following the state…

This survey concludes that, overall, student debt has not caused most borrowers to make lifestyles changes nor regret their educational investment. Discussion analyzes borrower debt levels; payment-to-income and debt-to-income ratios; noneducation debt burden; student perceptions about borrowing and debt; effect of borrowing on decision making;…