A comparison was made of the practices of so-called multistate guaranty agencies with those of single state guaranty agencies, both operating under the provisions of the Stafford Student Loan Program (formerly the Guaranteed Student Loan Program). It expands on earlier results and provides data on trends in the growth of guaranteed loans and…

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…

The loan collection efforts of the Department of Education are discussed in hearings held as part of fact finding prior to reauthorization of the Higher Education Act. Attention is directed to the collection record of the Department, the rationale for shifting collections from federal to private collectors, and the reasons why two of the remaining…

An analysis of the U.S. Department of Education's (ED) default reduction plan under the Stafford Student Loan Program (formerly called the Guaranteed Student Loan program) is presented that concentrates on the new regulations and their implications for schools, students, and program administrators. The default plan's success largely depends upon…

Hearings were conducted to discuss legislation aimed at reducing student loan defaults in the federal Guaranteed Student Loan program. The Student Default Initiative Act of 1988 is designed to address the growing cost of student loan defaults and the increasing imbalance between grant and loan assistance. It develops a procedure to get the…

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…

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…

This report lists schools with fiscal year (FY) 1995, FY 1996, and FY 1997 official cohort student loan default rates that are 25 percent or higher. As a result, these schools are subject to initial loss of eligibility to participate in the Federal Family Education Loan Program, the Federal Direct Student Loan Program, and/or the Federal Pell…

This report lists schools with fiscal year (FY) 1997 official cohort default rate that are 40.1 percent or higher. As a result these schools may be subject to limitation, suspension, and/or termination from all Title IV student financial assistance programs unless they submit cohort default rate appeals. Schools are listed in state order by Office…

This report lists schools with fiscal year (FY) 1995, FY 1996, and FY 1997 official cohort student loan default rates that are 25 percent or higher and have lost eligibility to participate in the Federal Family Education Loan Program, the Federal Direct Student Loan Program, and/or the Federal Pell Grant Program due to prior year cohort default…

Student aid--how many dollars should be provided and where the dollars will come from, what role the institution should play, and how the institution will be affected by federal cutbacks--is discussed. The Illinois Higher Education Loan Authority, a student loan program, is described. (MLW)

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.…

In Girardier vs Webster College the court held that a private college may refuse to release college transcripts if students have not repaid their National Defense Education Act loans even though they've declared bankruptcy, and that no private remedy could be inferred under the Family Educational Rights and Privacy Act of 1974. Implications are…

An economic squeeze is being placed on colleges and universities through reduced federal and state aid to education. Discusses the history of financial aid, who is considered needy, whether accepting a student loan is wise, the new Direct Loan program, prepayment loans, using college debt to your advantage, and future trends in financial aid. (JBJ)