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Congress of the U.S., Washington, DC. House Committee on Education and Labor. – 1983
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…
Descriptors: Agency Role, Banking, Capital, Financial Services
Comptroller General of the U.S., Washington, DC. – 1986
The financing of guarantee agencies under the U.S. Department of Education's Guaranteed Student Loan Program was reviewed to determine whether, in the aggregate, the agencies are accumulating, retaining, and using reserve funds in accordance with legislative requirements and federal regulations. It was found that reserves exceed the risks…
Descriptors: Agency Role, Credit (Finance), Federal Programs, Federal Regulation
General Accounting Office, Washington, DC. Div. of Human Resources. – 1987
The loan collection practices and procedures of guaranty agencies and ways to reduce default costs were assessed by the U.S. General Accounting Office at the request of Congress. Questionnaires were completed by 58 guaranty agencies and visits were made to eight agencies. Before revised regulations were issued by the U.S. Department of Education…
Descriptors: Agency Role, Change, College Students, Credit (Finance)
Touche Ross and Co., Washington, DC. – 1983
The history of the role of state guarantee agencies in the Guaranteed Student Loan (GSL) Program is reviewed in terms of the initiation of the GSL program, the growth of the Federally Insured Student Loan Program, the initiation of the special allowance, and the Education Amendments of 1972, the Education Amendments of 1976, the Middle Income…
Descriptors: Agency Role, Federal Legislation, Federal Programs, Federal State Relationship
Comptroller General of the U.S., Washington, DC. – 1986
A review was conducted of methods used by the U.S. Department of Education and by state or private nonprofit loan guarantee agencies to protect the federal government's interest when collecting defaulted student loans under the Guaranteed Student Loan Program. Questionnaires were sent to 58 guarantee agencies that administer the program to…
Descriptors: Agency Role, College Students, Court Litigation, Credit (Finance)
Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs. – 1990
The congressional hearing report scrutinized the role of banks, guarantee agencies, student loan secondary markets, and loan servicers in the operation of federal student aid programs. Program weaknesses which have contributed towards to abuse and fraudulent practices of federally backed student loans were identified. Witnesses included officials…
Descriptors: Agency Role, Federal Aid, Fraud, Higher Education
Advanced Technology, Inc., Reston, VA. – 1983
The effects of the current system for delivering federal financial assistance to students under the Pell Grant, Guaranteed Student Loan (GSL), and campus-based programs are analyzed. Information is included on the use of the assessment model, which combines program evaluation, systems research, and policy analysis methodologies.…
Descriptors: Agency Role, Credit (Finance), Delivery Systems, Federal Aid
Congress of the U.S., Washington, DC. House Committee on Education and Labor. – 1982
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…
Descriptors: Accountability, Agency Role, College Students, Compliance (Legal)
Congress of the U.S., Washington, DC. House Committee on Education and Labor. – 1983
Hearings concerning research done for the National Commission on Student Financial Assistance are presented, along with the Commission's recommendations. The recommendations concern modifications of the current law to facilitate greater access for low- and middle-income students and to improve the quality of postsecondary education in the country.…
Descriptors: Academic Standards, Access to Education, Advisory Committees, Agency Role