Guaranteed Student Loans [microform] : Analysis of Insurance Premiums Charged by Guaranty Agencies. Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives
- Bib ID:
- 5486289
- Format:
- Book and Microform
- Author:
- Comptroller General of the U.S., Washington, DC
- Online Version:
- https://eric.ed.gov/?id=ED289446
Broken link? let us search Trove , the Wayback Machine , or Google for you.
- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1987
- 32 p.
- Summary:
-
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 the insurance rates charged by 17 guaranty agencies, including the Higher Education Assistance Foundation, the designated guarantor for five states and the District of Columbia. Data were obtained from the Department of Education, including financial reports submitted for fiscal year (FY) 1986. Using the agencies' financial reports, insurance rates were determined for FY 1986 and the insurance income they could have earned in 1986 were estimated if their July 1, 1987 rates had been in effect in that year. Estimations were also made of: the total income that the agencies could have earned in 1986 if they had charged the maximum rate of 3%, and the administrative cost subsidy these agencies receive from the Department of Education. Findings include: effective insurance rates ranged from 0.64% to 2.87%; 10 of the 17 agencies lowered their effective insurance rates as of July 1, 1987, while 7 increased their rates. (SW)
- Notes:
-
- Availability: U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20877 (first 5 copies free; additional copies $2.00 each; 25% discount for 100 or more copies mailed to a single address).
- 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:
- Genre/Form:
- 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 2057 [Created/Published Date + 70 Years]
Copyright status was determined using the following information:
- Material type:
- Literary, dramatic or musical work
- Published status:
- Published
- Publication date:
- 1987
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.
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]
- Guaranteed Student Loans [microform] : Guidelines for Reducing Guaranty Agency Reserves. Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives
- Defaulted Student Loans. Guarantee Agencies' Collection Practices and Procedures. United States General Accounting Office Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives [microform]
- Examination of Financial Statements of Student Loan Insurance Fund Fiscal Year 1973 [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]