Describes the student loan default management plan of the Art Institutes. The plan includes a student financial plan worksheet, a student financial planner, and activities for students regarding their loan responsibilities. (JOW)

Secretary of Education William J Bennett's use of for-profit schools as a metaphor for all student-loan collection problems threatens to reduce the financial options for low-income, educational at-risk youth. More grant aid is a better solution than additional barriers to student eligibility. (MSE)

A report on for-profit trade schools said that many schools offer such poor-quality training that large numbers of their students drop out and default on their student loans when they cannot find jobs. Secretary Bennett calls on Congress to crack down on proprietary schools. (MLW)

Describes a study of Guaranteed Student Loans (GSL) access in proprietary schools. The study was to determine the extent to which proprietary vocational students have access to and make use of GSLs; and to identify major trends that may affect this access and use. (CT)

The student loan default rate was 9.6% in 1996, a decline of 12.8% since the 1990 peak, saving the federal government $3 billion over six years. Since 1993 the Department of Education has barred 1065 institutions, mostly for-profit trade schools, from participating in federal student loan programs; institutions with a 40% default rate can lose…

This study examined the rate of participation in, and default on loans from, the Federal Parent Loans for Undergraduate Students (PLUS) and the Federal Supplemental Loans for Students (SLS) programs. In particular the study sought to know the volume of loans made to students or parents of students attending proprietary (trade) schools and other…

This guide is designed to help students choose the institution and course of study best suited to their plans. The guide contains information about more than 50 colleges and universities in Maryland, including a comprehensive list of private career schools approved by the Maryland Higher Education Commission. The first section of the guide…

This report provides information on the default rates in the Stafford Student Loan Program for schools accredited by seven agencies: Accrediting Bureau of Health Education Schools; Accrediting Council for Continuing Education and Training (ACCET); Association of Independent Colleges and Schools; National Accrediting Commission of Cosmetology Arts…

This report provides statistical data on the accreditation actions taken during fiscal years 1985 to 1989 by seven agencies that accredit for-profit or proprietary schools that may participate in the Stafford Student Loan Program. The seven agencies are: Accrediting Bureau of Health Education Schools; Accrediting Council for Continuing Education…

The first of 17 hearings to take place outside of Washington D.C. on the reauthorization of the Higher Education Act of 1965 occurred in Kansas City, Missouri and included testimony by students and educational administrators from the area. The subcommittee heard testimony primarily concerning Title IV which provides loans to students to enable…

One of 17 field hearings on the reauthorization of the Higher Education Act of 1965 occurred in Vancouver, Washington, with testimony provided by students, a parent, and educational administrators from the northwest region. The topic for the hearing was particular to the Act's Title IV which provides loans to students to enable them to attend the…

The Congressional hearing examined abuse, mismanagement, and fraud in student loan programs focusing on the fraudulent activities of proprietary schools. Witnesses included officials of the Department of Education including:(1) Laura F. Cavazos, Secretary; (2) Ernest C. Canellos, Student Financial Assistance; (3) John S. Haines, Debt Collection…

The Stafford Loan Program (formerly called the Guaranteed Student Loan Program) makes three kinds of student loans for postsecondary education: Stafford Loans, Supplemental Loans for Students (SLS), and Parents Loans for Undergraduate Students (PLUS). Stafford loans are low-interest loans based on financial need, while SLS and PLUS loans are not…

Information is provided on the activities of the First Independent Trust Company (FITCO) of Carmichael, California, which made loans to students participating in the Stafford Student Loan Program until California's State Banking Department closed it in May 1989. During the 11 years FITCO was in the Stafford program, it made over $1 billion in…

Describes how a federal program let a California for-profit institution, the Masters Institute, expand its distance education offerings, but then led to its closure because of findings of financial aid fraud. (EV)