Responses to a questionnaire circulated to all state guarantee agencies for the federal Guaranteed Student Loan Program (GSL) are reported. Information is reported, in charts and tables, on: dates the states signed GSL agreements with the Office of Education; states that guaranteed loans before GSL began in 1966; agency organizational types; entities that have authority over GSL agencies; use of advisory councils; state agencies that administer other financial aid programs; sources of GSL agency funds; state agency reserve funds; state agencies that restrict loans to certain categories of students; other lending policies; lender promotion activities and use of the 25 percent primary administrative cost allowance for promotion of lender participation; services provided by GSL agencies; states that are direct lenders; student loan application distribution; duration of loan approval period; leading issues and research that GSL agencies are addressing within the next 12 months; loan data reported by the United Student Aid Funds, Inc.; and statistical data (in numbers, dollars, and percentage of the national total) on loans guaranteed, outstanding, and defaulted. It is noted that no attempt is made in the study to assess factors such as loan availability or access, which may affect the loan situation. (MSE)