Opportunity to Reduce Federal Interest Costs by Changing Loan Disbursement Procedures under the Guaranteed Student Loan Program. Report to the Congress by the Comptroller General of the United States [microform]
- Bib ID:
- 5222579
- Format:
- Book and Microform
- Author:
- Comptroller General of the U.S., Washington, DC
- Online Version:
- https://eric.ed.gov/?id=ED052727
Broken link? let us search Trove , the Wayback Machine , or Google for you.
- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1970
- 34 p.
- Summary:
-
The Guaranteed Student Loan Program (GSL) is made up of two components: a State or private nonprofit agency loan insurance program and a Federal loan insurance program. Students in post-secondary institutions can obtain long-term loans on which the government generally pays the interest while the student is in school. The government bears all losses for defaulted federally insured loans and a large portion of the losses for defaulted State or privately insured loans. This review by the General Accounting Office examines lending institutions' loan disbursement policies and practices under the GSL program and their effect on the cost to the Government for interest payments made on behalf of qualified student borrowers. An effort also was made to determine whether certain students who had received loans under the program continued to be eligible for such funds throughout the academic periods for which the funds were intended. This report discusses the authorizing legislation, the program operation, and loans disbursed since 1966. It also examines opportunities to reduce federal interest costs on student loans: the major one being to arrange for lending institutions to disburse student loans on an installment basis when the funds are for use in more than one academic period, rather than in a lump sum. (AF)
- Notes:
-
- Educational level discussed: Higher Education.
- May also be available online. Address as at 14/8/18: https://eric.ed.gov/
- Reproduction:
- Microfiche. [Washington D.C.]: ERIC Clearinghouse microfiches : positive.
- Subject:
- Other authors/contributors:
- Comptroller General of the U.S., Washington, DC
- Available From:
- ERIC
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study. Order a copy through Copies Direct to the extent allowed under fair dealing. Contact us for further information about copying.
- Reason for copyright status:
- Until 2040 [Created/Published Date + 70 Years]
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1970
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
Request this item
Request this item to view in the Library’s reading room.
Feedback
Similar items
- Adverse Opinion on the Financial Statements of the Student Loan Insurance Fund for the Fiscal Year Ended September 30, 1980. Report to the Congress [microform]
- Examination of Financial Statements of Student Loan Insurance Fund Fiscal Year 1974. Office of Education, Department of Health, Education, and Welfare. Report to Congress [microform]
- Actions Underway to Reduce Delinquencies in the Health Professions and Nursing Student Loan Programs [microform]
- Improvements Needed in VA's Education Loan Program [microform]
- Examination of Financial Statements of Student Loan Insurance Fund Fiscal Year 1973 [microform]