This report discusses the continuing concerns of the U.S. General Accounting Office (GAO) in regard to the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan, the Ford Direct Loan, and the Federal Pell Grant Programs. GAO commends the department for its…

This report provides Federal Family Education Loan (FFEL) and Direct Loan Program official cohort default rates for all schools with 30 or more borrowers or official average cohort default rates for schools with under 30 borrowers. All schools in this report have fiscal year (FY) 1993, 1994, and 1995 default rates of 25 percent or higher. The…

This report provides Federal Family Education Loan (FFEL) official cohort default rates for fiscal years 1993, 1994, and 1995 for all schools, regardless of their program participation status. The default rates for each school are categorized by state and in descending order of default rate, and the data is also included for type of loan program…

This guide is intended to provide the student loan industry with information on how cohort default rates are calculated for originating lenders, current lenders, and guaranty agencies participating in the Federal Family Education Loan Program. The guide notes that fiscal year 1995 data will be calculated based on data reported to the National…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

This report examines the effectiveness of recent federal government efforts through amendments to the Higher Education Act (1993) to reduce student loan defaults. Key measures to curb defaults had been to make schools with high student loan default rates ineligible for federal student loan programs. However, many institutions have challenged…

This report presents the student loan default rate for individual postsecondary institutions for fiscal years (FY) 1994, 1995, and 1996. Cohort default rates are cataloged by state and in descending order of the cohort default rate. Types of loan programs in which schools are currently participating are also listed for each school. Included for…

This study used data from the 1996 National Postsecondary Student Aid Study to compare the demographic characteristics, income levels, educational costs, and financial need levels of Perkins loan and Stafford loan borrowers in academic year 1995-96. Major findings indicated the following: nearly 63 percent of undergraduate Perkins loan borrowers…

This hearing before the Committee on Banking, Housing, and Urban Affairs, addresses the implications of the anticipated failure of the Higher Education Assistance Foundation (HEAF), the largest guarantor of student loans. HEAF's difficulties have affected Sallie Mae (Student Loan Marketing Association), and have raised general questions about the…

This report presents the testimony of the Associate Director of Education and Employment Issues of the Health, Education, and Human Services Division of the General Accounting Office (GAO) concerning the participation of postsecondary institutions in the Federal Family Education Loan Program (FFELP), which makes direct student loans to students.…

An assessment of the cost-effectiveness of an initiative to target 823,278 defaulted student loans in the Debt Collection Service (DCS) for consolidation into the Direct Loan Program concluded that it was not cost-effective. The study found that the Department of Education's cost to consolidate about 80,000 DCS borrowers into the program would be…

This paper examines the impact and implications for the nation's 104 historically black colleges and universities (HBCUs) of the final regulations published in the April 29, 1994 "Federal Register" and traces both the legislative and regulatory history of Part H of the Higher Education Act provisions. The analysis addresses specific…

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 provides Federal Family Education Loan (FFEL) official cohort default rates for all schools with 30 or more borrowers or official average cohort default rates for schools with under 30 borrowers. The schools listed in this report have fiscal year 1995 official cohort default rates of 40 percent or higher, which may make them subject to…

This publication discusses areas of concern in the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan Program (FFELP), the Federal Direct Student Loan Program (FDSLP), and the Federal Pell Grant Programs. The General Accounting Office determined that, in…