Direct Lending [microform] : How To Improve Implementation / Keith Jepsen
- Bib ID:
- 5572650
- Format:
- Book and Microform
- Author:
- Jepsen, Keith
- Online Version:
- https://eric.ed.gov/?id=ED372674
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- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1993
- 47 p.
- Summary:
-
This evaluation study developed 29 recommendations concerning the implementation of direct loans in providing financial assistance to postsecondary school students. The investigation included examination of a current Department of Education (ED) pilot program, a video teleconference to discuss direct lending with 23 individuals in education finance and policymaking, telephone interviews before and after the teleconference with participants and with others who did not participate, meetings with several State University of New York officials, review of materials, and interviews with senior managerial staff at New York University. Key recommendations flowing from the investigation were: (1) design the system to take full advantage of existing systems; (2) amend the statute so schools can phase in the new program; (3) allow schools to certify loan eligibility electronically and transmit student records to ED electronically which would then print the promissory note; (4) make sure ED contractor integrates ED's system with the Internal Revenue Service (IRS) so collections and collection options are maximized; (5) communicate plans, timetables and likely impact on students as soon as possible, particularly to the high school population and media; and (6) use IRS data for verification and to feed an automated reapplication process and collections. Appendixes contain correspondence. (JB)
- Notes:
-
- Sponsoring Agency: National Commission on Responsibilities for Financing Postsecondary Education, Washington, DC.
- 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:
- Reports, Evaluative
- Other authors/contributors:
- New York Univ., NY
- Available From:
- ERIC
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary, dramatic or musical work
- Published status:
- Published
- Publication date:
- 1993
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