ERIC Number: ED334957
Record Type: Non-Journal
Publication Date: 1990
Reference Count: N/A
Abuses in Federal Student Aid Programs, Hearing Before the Permanent SubCommittee on Investigations of the Committee on Governmental Affairs. United States Senate, One Hundred First Congress, Second Session, Part 3: Lenders, Guarantee Agencies, Loan Servicers, and the Secondary Market (September 25, 26, 1990).
Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs.
The congressional hearing report scrutinized the role of banks, guarantee agencies, student loan secondary markets, and loan servicers in the operation of federal student aid programs. Program weaknesses which have contributed towards to abuse and fraudulent practices of federally backed student loans were identified. Witnesses included officials from major banks, guarantee agencies, loan services and student aid commissions and their testimonies focused on matters such as: guarantee agency solvency, the economics of student lending, institutional default rates, loan defaults, mismanagement of programs, and program reform, among other issues. (LPT)
Descriptors: Agency Role, Federal Aid, Fraud, Higher Education, Loan Default, Private Agencies, Program Effectiveness, Program Evaluation, Proprietary Schools, State Licensing Boards, Student Financial Aid, Student Loan Programs, Students
Superintendent of Documents, Congressional Sales Office, U.S. Government Printing Office, Washington, DC 20402.
Publication Type: Legal/Legislative/Regulatory Materials
Education Level: N/A
Authoring Institution: Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs.
Identifiers - Laws, Policies, & Programs: Guaranteed Student Loan Program