ERIC Number: ED318346
Record Type: Non-Journal
Publication Date: 1990-Feb
Reference Count: N/A
Supplemental Student Loans: Who Are the Largest Lenders? Fact Sheet for Congressional Requesters.
General Accounting Office, Washington, DC. Div. of Human Resources.
The Supplemental Loans for Students (SLS) program provides market-rate loans to postsecondary students. This report presents information on SLS loan volume and default data for the 10 largest SLS lenders from nine guaranty agencies, for fiscal years 1987, 1988, and 1989. Data for both proprietary and nonproprietary schools and for both freshmen and nonfreshmen students are included. Findings show that the nine guaranty agencies' 10 largest lenders loaned a cumulative total of about $2.5 billion--of the $4.8 billion in SLS loans made by all lenders--during the 3-year period. The lenders' loan defaults amounted to $250 million during fiscal years 1987 through 1989. The report also includes a list of nine related General Accounting Office products. (JDD)
Descriptors: Banking, Federal Programs, Financial Services, Higher Education, Loan Repayment, Student Financial Aid, Student Loan Programs
U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20877 (first five copies free; additional copies $2.00 each; 25% discount on orders for 100 or more copies).
Publication Type: Reports - Descriptive; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC. Div. of Human Resources.