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Federal Student Loans: Education Needs to Verify Borrowers' Information for Income-driven Repayment Plans : Report to Congressional Requesters

Federal Student Loans: Education Needs to Verify Borrowers' Information for Income-driven Repayment Plans : Report to Congressional Requesters PDF Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Federal aid to education
Languages : en
Pages : 0

Book Description

Federal Student Loans: Education Needs to Verify Borrowers' Information for Income-driven Repayment Plans : Report to Congressional Requesters

Federal Student Loans: Education Needs to Verify Borrowers' Information for Income-driven Repayment Plans : Report to Congressional Requesters PDF Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Federal aid to education
Languages : en
Pages : 0

Book Description

Federal Student Loans, Education Needs to Improve Its Income-Driven Repayment Plan Budget Estimates

Federal Student Loans, Education Needs to Improve Its Income-Driven Repayment Plan Budget Estimates PDF Author: U.s. Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781973922636
Category :
Languages : en
Pages : 100

Book Description
Federal student loans, Education needs to improve its income-driven repayment plan budget estimates: report to the Chairman, Committee on the Budget, U.S. Senate. As of June 2016, 24 percent of Direct Loan borrowers repaying their loans (or 5.3 million borrowers) were doing so in IDR plans, compared to 10 percent in June 2013. Education expects these plans to have costs to the government. GAO was asked to review Education's IDR plan budget estimates and estimation methodology. This report examines: (1) current IDR plan budget estimates and how those estimates have changed over time, and (2) the extent to which Education's approach to estimating costs and quality control practices help ensure reliable estimates. GAO analyzed published and unpublished budget data covering Direct Loans made from fiscal years 1995 through 2015 and estimated to be made in 2016 and 2017; analyzed and tested Education's computer code used to estimate IDR plan costs; reviewed documentation related to Education's estimation approach; and interviewed officials at Education and other federal agencies.

Guaranteed Student Loans

Guaranteed Student Loans PDF Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Federal aid to higher education
Languages : en
Pages : 68

Book Description

Federal Family Education Loan Program

Federal Family Education Loan Program PDF Author: George A. Scott
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Concerns have been raised about the Department of Education's (Education) role in overseeing the lenders and schools that participate in the largest of the federal government's student loan programs, the Federal Family Education Loan Program (FFELP). GAO was asked to analyze Education's use of its oversight, guidance, and enforcement authorities under FFELP. To do this, GAO reviewed departmental documents and federal laws, regulations, and cases and interviewed officials from Education and the student loan industry. GAO recommends that the Secretary of Education: (1) update the department's oversight mechanisms to proactively identify possible instances of improper inducements and limitations on borrower choice; (2) be more proactive in investigating situations involving possible instances of these prohibited activities; (3) issue new guidance regarding inducements to guide the student loan industry until the relevant proposed regulations are finalized and become effective; and (4) develop a protocol to determine the appropriate level of response for cases of non-compliance and assess the effectiveness of these actions to inform and improve this protocol. Education agreed with the first two recommendations but did not explicitly agree or disagree with the other two. The following are appended: (1) Briefing Slides; (2) Scope and Methodology; (3) Comments from the Department of Education; and (4) GAO Contact and Staff Acknowledgments. [This report was produced by the United States Government Accountability Office.].

Federal Student Loans, Education Could Improve Direct Loan Program Customer Service and Oversight

Federal Student Loans, Education Could Improve Direct Loan Program Customer Service and Oversight PDF Author: U.s. Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781973913986
Category : Education, Higher
Languages : en
Pages : 42

Book Description
" Education issued almost $96 billion in Direct Loans for higher education to 9.1 million borrowers during fiscal year 2015. Education contracts with and monitors the performance of servicers that handle billing and other services for borrowers. GAO was asked to examine Education's management of the program. This report addresses (1) the type of Direct Loan information Education and servicers provide to borrowers, and how accessible it is; and (2) the extent to which Education oversees servicers to manage the Direct Loan program. GAO reviewed Education's contracts, policies, and procedures; analyzed its oversight reports and processes; and reviewed servicer websites and other information provided to borrowers. GAO also interviewed officials from Education, the Consumer Financial Protection Bureau, servicers that serve over 95 percent of Direct Loan borrowers, and a nongeneralizable sample of 24 borrowers selected randomly from Education data. "

Guaranteed Student Loans : Potential Default and Cost Reduction Options

Guaranteed Student Loans : Potential Default and Cost Reduction Options PDF Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Federal aid to higher education
Languages : en
Pages : 36

Book Description

Direct student loans analyses of borrowers' use of the income contingent repayment option : report to the chairman, Committee on Education and the Workforce, House of Representatives

Direct student loans analyses of borrowers' use of the income contingent repayment option : report to the chairman, Committee on Education and the Workforce, House of Representatives PDF Author: United States. General Accounting Office
Publisher: DIANE Publishing
ISBN: 1428977856
Category : Collecting of accounts
Languages : en
Pages : 41

Book Description

Federal Student Loans: Education Could Do More to Help Ensure Borrowers are Aware of Repayment and Forgiveness Options : Report to Congressional Requesters

Federal Student Loans: Education Could Do More to Help Ensure Borrowers are Aware of Repayment and Forgiveness Options : Report to Congressional Requesters PDF Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Federal aid to higher education
Languages : en
Pages : 0

Book Description

Federal Family Education Loan Program

Federal Family Education Loan Program PDF Author: United States. Government Accountability Office
Publisher: DIANE Publishing
ISBN: 1428930922
Category : Federal aid to higher education
Languages : en
Pages : 43

Book Description

Federal Family Education Loan Program

Federal Family Education Loan Program PDF Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Federal aid to education
Languages : en
Pages : 56

Book Description

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