Department of Education regulations and initiatives designed to address problems of fraud, abuse, and loan default in federal student aid programs are examined. The scope and intrusiveness of some recent regulations are criticized, and unintended effects are noted, including increased administrative burdens on all institutions. (Author/MSE)

A review of the history of regulation in federal student financial aid programs indicates dramatic change and growth in the last three decades. Regulations of particular importance to aid administrators are highlighted, and two conclusions about recurring concern for the deservedness of aid recipients are drawn. (Author/MSE)