ERIC Number: ED416768
Record Type: Non-Journal
Publication Date: 1998
Reference Count: N/A
Direct Loan Evaluation. Case Study Summary Report: Academic Year 1996-97. Volume One--Study Findings [and] Volume Two-- Case Study Reports.
Macro International, Inc., Calverton, MD.
As part of a 5-year evaluation of the William D. Ford Federal Direct Loan Program, 12 participating institutions of higher education were visited to examine the diversity of approaches used by schools in planning for and implementing the program. The schools included public and private two- and four-year institutions and proprietary schools. Major findings indicated that: (1) overall, schools indicated a high level of satisfaction with the program; (2) institutions fully implementing the program were more satisfied than those phasing in the program; (3) most institutions found the transition to direct lending easy; (4) schools indicated especially high levels of satisfaction with the program processes of financial aid packaging, loan application processing, loan origination, and estimation and drawdown; (5) however, schools indicated frustration with processing delays following transition to a new loan origination center; (6) changes in workload resulting from the program had a positive effect on overall financial aid office operations; and (7) schools found Department of Education training to be useful and cost effective. The 12 case study reports describe the on-site interviews conducted with financial aid office staff at the institutions, and offer specific recommendations to other schools planning to implement the program and to the Department of Education. (DB)
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Sponsor: Department of Education, Washington, DC. Planning and Evaluation Service.
Authoring Institution: Macro International, Inc., Calverton, MD.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program