ERIC Number: ED404950
Record Type: Non-Journal
Publication Date: 1997-Feb
Reference Count: N/A
Student Financial Aid. High Risk Series.
General Accounting Office, Washington, DC.
This report discusses the continuing concerns of the U.S. General Accounting Office (GAO) in regard to the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan, the Ford Direct Loan, and the Federal Pell Grant Programs. GAO commends the department for its actions over the last several years to reduce waste, fraud, abuse and mismanagement in these programs, but believes that the department needs to take further action, specifically toward improving program management and information systems. The report points out that complicated, cumbersome processes still hinder the operation of federal student loan programs, that program structures remain flawed, and that program management concerns continue to persist. It concludes that the Department of Education needs to continue its ongoing efforts to improve gatekeeping, integrate its information systems, ensure the accuracy and validity of student loan data, and continue its efforts to improve financial management. A list of related GAO reports is included. (MDM)
Descriptors: Federal Programs, Fraud, Higher Education, Information Management, Information Systems, Loan Default, Program Administration, Program Improvement, Student Financial Aid, Student Loan Programs
U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20884-6015 (first copy free; additional copies $2).
Publication Type: Opinion Papers
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC.
Identifiers - Laws, Policies, & Programs: Family Education Loan Program; Pell Grant Program