Guaranteed Student Loans [microform] : Actions To Ensure Continued Student Access to Subsidized Loans. Report to the Chairman and Ranking Minority Member, Committee on Economic and Educational Opportunities, House of Representatives
- Bib ID:
- 5579350
- Format:
- Book and Microform
- Author:
- General Accounting Office, Washington, DC. Health, Education, and Human Services Div
- Online Version:
- https://eric.ed.gov/?id=ED380028
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- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1995
- 19 p.
- Summary:
-
This study examined the availability of federally subsidized Stafford student loans for postsecondary education in light of recent legislated changes, specifically the Higher Education Amendments of 1992 and the Student Loan Reform Act of 1993, which authorized the Federal Direct Student Loan Program, brought changes to the Federal Family Education Loan Program, and decreased interest rates lenders may charge for Stafford loans and the rate at which lenders receive reimbursement if borrowers fail to repay the loans. A survey of 43 guaranty agencies was conducted, guaranty agency documents were reviewed, and officials of government agencies and interest groups were interviewed. The study found that many lenders and guaranty agencies expect some eligible students to have difficulty obtaining subsidized Stafford loans over the next few years, as some lenders become selective in making Stafford loans or stop participating in the program. Lender refusals to make loans were not expected to be widespread. If a guaranty agency is unable to provide loans to a student, the U.S. Department of Education has arrangements with the Student Loan Marketing Association to make loans and has arrangements with an agency to serve as a guarantor of last resort. The questionnaire and summary results are appended. (JDD)
- Notes:
-
- Availability: U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20884-6015 (first copy free, additional copies $2 each; 100 or more copies are discounted 25 percent).
- 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:
- General Accounting Office, Washington, DC. Health, Education, and Human Services Div
- Available From:
- ERIC
- Copyright:
-
In Copyright
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- Reason for copyright status:
- Until 2065 [Created/Published Date + 70 Years]
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1995
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.
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