Part of a series of classroom aids designed for real estate instructors, this instructional packet was developed to help real estate students understand the rules, regulations, and laws governing home foreclosures under deeds of trust in Texas. Information on home foreclosures is presented, covering: (1) the three elements of a proper foreclosure;…

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…

Information on five U.S. Department of Education student financial aid programs and how to apply for them is presented: Pell Grants, Supplemental Educational Opportunity Grants, College Work-Study, Perkins Loans (formerly National Direct Student Loans), and Guaranteed Student Loans (Parent Loans to Undergraduate Students and Supplemental Loans for…

The nature of the loan default problem in New Jersey, the reduction of defaults in the New Jersey Guaranteed Student Loan Program, default prevention initiatives, and the recommendations of the Default Task Force are discussed. Findings include the following: (1) most defaulters are low-income students, and half were students in proprietary school…

Results of a survey of 1983-1984 graduates of four-year institutions a year after graduation are presented. The data were obtained from the 1985 Recent College Graduates Survey of the U.S. Department of Education. Although it was found that the college debts of the 1983-1984 graduates were still moderate, it also provided evidence that the debt…

The insurance premium rates that guaranty agencies charge student borrowers under the Guaranteed Student Loan program were analyzed by the U.S. General Accounting Office. The Higher Education Amendments of 1986 established a maximum rate (3% of the principal loan amount) that all agencies could charge student borrowers. Comparisons were made of…

Results are presented of a General Accounting Office audit of the Student Loan Insurance Fund (SLIF) financial statements for the fiscal year ending September 30, 1980. SLIF finances the Guaranteed Student Loan Program by reimbursing lenders and state guarantee agencies when students default on their loans. The fund, which is managed by the…

Hearings on student loan consolidation are presented. Only the Student Loan Marketing Association (Sallie Mae) has the authority to consolidate student loans and that authority--scheduled to expire on August 1, 1983-- is being reviewed. State guarantee agencies have requested the statutory authority to consolidate loans. The findings of a study by…

Lake City Community College began its involvement with the National Direct Student Loan Program in 1965. As of June 30, 1975, the college had loaned $317,625 to 486 students--an average of $653 per student. Of this amount, $93,292 has been repaid or cancelled, leaving $224,333 outstanding and $42,678 past due. Of the past due amount, $15,142 is…

Limitations of the Guaranteed Student Loan Program (GSL) are analyzed with respect to repayment convenience, and a variant of the GSL with an income contingent repayment feature is proposed. Computer simulations of loan repayments for both programs are developed and conclusions regarding manageability of repayments presented. (JT)

Student loan programs have been racked by defaults, bankruptcies, and administrative trivia, causing Congress to search for another system. Under consideration is a loan that would be repaid to the Internal Revenue Service through a withholding tax. However, better collection efforts with the present system are producing encouraging results. (JMD)

A comparative study was made between a medium-sized university and a smaller public community college in the same urban area to determine profiles of student populations and to correlate student characteristics to default rates. Demographic makeup is shown to influence an institution's categorization as "high risk" for student loan…

The use of discriminant analysis in identifying potentially "good" versus potentially "bad" student loans is explained. The technique is applied to a sample of 200 student loan applications at the University of Wyoming. (LBH)

A study of internal medicine residents examined patterns of educational indebtedness, effects on their training and career decisions, frequency with which they begin loan payments during training, extent to which they moonlight and the reasons for doing so, and their opinions about the effects of moonlighting on house staff training. (MSE)

A series of steps by the Education Department and Congress to crack down on loan defaulters are discussed. Several factors have put defaults in the spotlight, including a study listing default rates at all postsecondary institutions and hard-hitting newspaper editorials. (MLW)