Information on five U.S. Department of Education student financial aid programs and how to apply for them is presented: Pell Grants, Supplemental Educational Opportunity Grants, College Work-Study, Perkins Loans (formerly National Direct Student Loans), and Guaranteed Student Loans (Parent Loans to Undergraduate Students and Supplemental Loans for…

The council's recommendations for 1977 for college-based financial aid programs and for the guaranteed student loan program are both summarized and explained, and the progress of financial aid programs in 1976-77 is reviewed. The latter review includes the training of aid administrators, aid application simplification, regulations and guidelines,…

Hearings on student loan consolidation are presented. Only the Student Loan Marketing Association (Sallie Mae) has the authority to consolidate student loans and that authority--scheduled to expire on August 1, 1983-- is being reviewed. State guarantee agencies have requested the statutory authority to consolidate loans. The findings of a study by…

Background and legal requirements for disclosure and counseling of students receiving loans under the federal student loan programs are discussed. A definition of loan counseling, a decision-making model for creating an institutional program, and information on loan consolidation are provided. Following introductory and background sections, the…

Hearings on reauthorization of the Higher Education Act, and specifically Guaranteed Student Loans (GSL), are presented, with a focus on issues of multiple disbursements, loan consolidation, subsidies, and copayments. Witnesses represent the lending institutions, secondary markets, and students. The GSL program is designed to promote the…

The management and operations of federal student assistance programs are addressed in hearings before the Committee on Education and Labor. In fiscal year 1981, the Office of Inspector General (OIG), Department of Education (ED) issued 4,811 audit reports on postsecondary education programs. Costs disallowed or questioned amounted to $25.3…

This guide and training manual, in loose-leaf format, is intended to assist lenders and schools participating in the Colorado Student Loan Program (CSLP). The manual consists of a series of single page (front and back) "ready references." Each ready reference includes a title followed by information on the subject and suggestions for…

Hearings on reauthorization of the Higher Education Act of 1965 that were held in St. Louis, Missouri, are presented. Student assistance programs are the centerpiece of the Higher Education Act and play a critical role in achieving the federal objective of equal educational opportunity. The Higher Education Act also contains programs to assist…

Oversight hearings on the Student Loan Marketing Association (Sallie Mae) are presented. Sallie Mae was established by the Education Amendments of 1972 to provide liquidity for Guaranteed Student Loan (GSL) lenders by purchasing GSL portfolios from lenders or making loans on GSL loans held by lenders. In 1982, Sallie Mae had total cumulative…

This report details 12 recommendations and actions, agency re-invention activities, and fiscal impact analyses for the Department of Education resulting from the National Performance Review. Overall, the recommendations and analyses show that the Department could save $173.2 million by 1999 and that, by adopting these recommendations to clarify…

Congress, over the past decade, has enacted a number of laws with provisions aimed at preventing defaults and improving collections on defaulted student loans. This report presents a synopsis of legislative provisions enacted to combat student loan defaults beginning with the Education Amendments of 1980. The laws included in the report are:…

This report discusses recent changes in federal aid to postsecondary students enacted by Congress during 1992-93, focusing on the 1992 Amendments to the Higher Education Act and the 1993 Federal Direct Student Loan (DL) Program. The report reviews recent issues surrounding federal aid to postsecondary students, such as program accountability and…

A description of the current provisions of the Guaranteed Student Loan (GSL) program is provided along with an analysis of the GSL budget, a summary of up-to-date statistics on participation in the program, and a review of continuing issues related to the program. These federally reinsured loans are usually made by private lenders to students for…

This monograph consists, first, of a brief discussion of the methodology of a study comparing repayment of student loans and the impact of educational debt on students' life decisions in 1985 and 1991, and second, of extensive tables, profiles, and appendices which detail the study's findings. A survey was sent to a random sample of approximately…