Better Cash Management Can Reduce the Cost of the National Direct Student Loan Program. Report to the Congress by the Comptroller General of the United States [microform]
- Bib ID:
- 5378611
- Format:
- Book and Microform
- Author:
- Comptroller General of the U.S., Washington, DC
- Online Version:
- https://eric.ed.gov/?id=ED183063
Broken link? let us search Trove , the Wayback Machine , or Google for you.
- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1979
- 34 p.
- Summary:
-
The Office of Education has allowed schools participating in the National Direct Student Loan Program to hold more than an annual average of $63 million in federal funds in excess of their 30-day needs. The General Accounting Office estimates that if the Treasury had this money it could save the government interest costs of as much as $4 million, and suggests that the lack of sound cash management practices is the primary cause of the increase in excess funds. It is recommended that new legislation be passed for better cash management by the government and for the return of excess funds. Interim measures for better cash management by the schools themselves are also suggested, including deposit of excess funds in interest-bearing accounts pending their return to the Treasury. (ME)
- Notes:
-
- Availability: United States General Accounting Office, Distribution Section, Room 1518, 441 G St. NW, Washington, DC 20548 ($1.00).
- 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 2049 [Created/Published Date + 70 Years]
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1979
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
- 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]
- Financial Audit. Federal Family Education Loan Program's Financial Statements for Fiscal Year 1992. Report to the Congress [microform]
- 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]
- Student Financial Aid. High-Risk Series [microform]
- Stronger Actions Needed to Recover $730 Million in Defaulted National Direct Student Loans. Report by the Comptroller General of the United States [microform]