ERIC Number: ED429500
Record Type: Non-Journal
Publication Date: 1999-Feb-24
Reference Count: N/A
Competitive Financing Mechanisms: Auctions Used by Federal Agencies.
Joyner, Carlotta C.
This report reviews auctions used by various federal agencies to examine the feasibility of using similar auctions to determine interest rates for student borrowing through the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program. The review identified 31 different auctions, divided into two major categories, used by federal agencies to sell assets. In the first category are 12 auctions classified as auctions of specialized items (such as rights or financial assets); the 19 other auctions are classified as auctions of assets of interest to the general public (such as real estate or consumer goods). Background discussion focuses on interest rates and government costs in FFELP and the general characteristics of these auctions. A table summarizes features of the federal auctions for rights or financial assets conducted by 12 different agencies, and a second table summarizes features of the 19 federal auctions for real estate or consumer goods. An enclosure describes individually the 12 federal auctions for rights or financial assets. (DB)
Descriptors: Agencies, Educational Economics, Federal Aid, Federal Programs, Higher Education, Interest (Finance), Student Loan Programs
U.S. General Accounting Office, P.O. Box 37050, Washington, DC 20013; Tel: 202-512-6000; Fax: 202-512-6061; Web site: http://www.gao.gov (first copy free, additional copies $2).
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC. Health, Education, and Human Services Div.
Identifiers - Laws, Policies, & Programs: Family Education Loan Program; Federal Direct Student Loan Program