Despite action by Congress and the Bush administration to shore up the student-loan industry, some state-authorized organizations say they may not return to the loan business this year, and others are cutting some of the borrower benefits and services they provide. Nine state loan agencies stopped issuing either new federally backed or new private…

The investigations of student-loan programs around the country echo previous scandals in the financial world involving stock offerings and mutual funds. The relationships between lenders and financial-aid officers seem to raise the same questions about impropriety, conflict of interest, and possible fraud. Indeed, lessons from Wall Street can…

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…

In order to understand the relevance and applicability of current criteria restricting institutional lending and the possible need for further restrictions, the Congress of the United States mandated a study of institutional lender policy. The study's resources were a background report and literature review, case studies of state loan systems, a…

The Supplemental Loans for Students (SLS) program provides market-rate loans to postsecondary students. This report presents information on SLS loan volume and default data for the 10 largest SLS lenders from nine guaranty agencies, for fiscal years 1987, 1988, and 1989. Data for both proprietary and nonproprietary schools and for both freshmen…

COMMERCIAL BANKS ARE EXPECTED TO PLAY AN INCREASINGLY IMPORTANT ROLE IN THE EXTENSION OF CREDIT UNDER THE HIGHER EDUCATION ACT OF 1965, AND BANKERS' ASSOCIATIONS ARE ACTIVELY PARTICIPATING IN THE DEVELOPMENT OF THIS PROGRAM. HOWEVER, THE EXTENT OF COMMERCIAL BANK PARTICIPATION CANNOT BE ENTIRELY INSULATED FROM THE BROADER PROBLEMS ASSOCIATED WITH…

Oversight hearings on the Student Loan Marketing Association (Sallie Mae) are presented. Sallie Mae was established by the Education Amendments of 1972 to provide liquidity for Guaranteed Student Loan (GSL) lenders by purchasing GSL portfolios from lenders or making loans on GSL loans held by lenders. In 1982, Sallie Mae had total cumulative…

This publication reports the results of a National Student Expense Budget Conference, attended by members from all echelons of the national financial aid community. The conference's purpose was to arrive at definitive positions regarding the components of budgets, the methodology of budget construction and the variables which may properly be…

A survey on the Guaranteed Student Loan Program (GSL) was conducted in 1986 by the Consumer Bankers Association (CBA). Responses by 103 member institutions provided information on student loan operations, the student lending climate, and proposed amendments to the GSL program. Institutions were divided into four asset categories. The larger…

Much of the information used in this report on a model college financial aid office prepared for the Coordinating Board, Texas College and University System, was obtained from a survey conducted in 1965-66 by the Bureau of Applied Social Research of Columbia University. As part of the survey, questionnaires were sent to directors of financial aid…

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…

Students can learn now, pay later, with Student Educational Loan Fund," Harvard's innovative financing system. (Editor)

Hearings on reauthorization of the Higher Education Act, and specifically Guaranteed Student Loans (GSL), are presented, with a focus on issues of multiple disbursements, loan consolidation, subsidies, and copayments. Witnesses represent the lending institutions, secondary markets, and students. The GSL program is designed to promote the…

Colleges must investigate financing options before they are needed by their students and be ready to help students find new and creative ways to fund their education. Tax-exempt financing options, new sources of loan capital, cooperative arrangements with state agencies, and new federal aid are among the possibilities to explore. (Author/MSE)