Perspectives on defaults occurring under the two major federal student loan programs, Guaranteed Student Loans (GSL) and National Direct Student Loans (NDSL), are presented. Attention is directed to differences in the size and mode of operation of these programs, the extent and costs of default, comparisons with other types of loans, and the…

A guide for college administrators who are responsible for loan collection in the repayment of National Direct Student Loans (NDSL) is presented. Attention is focused on the difficulties created by loans with different terms and conditions. Repayment terms are discussed, and formulas are presented that are necessary to calculate the number and…

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…

Guidelines for students seeking financial aid are provided for six federal programs. General information about seeking financial aid and rights and responsibilities of the student as consumer are outlined. The following federal aid programs are covered: the Basic Educational Opportunity Grant Program, the Guaranteed Student Loan Program, the…

Data on National Direct Student Loan Program borrowers at the University of North Carolina illustrate the use of a discriminant function analysis model and an alternative model identifying characteristics of borrowers who repay and borrowers who default. The alternative model--the Tobit technique--includes data on the magnitude of the default.…

A guide to federal student financial aid programs is provided for students. General information is provided on: eligibility, financial aid, application forms, records needed, the Student Aid Report (SAR), verification by applicants of the information reported on their applications, transfer students, deadlines, addresses where applications are…

The process whereby appropriated federal funds for the campus-based student aid programs are allocated to the states and to postsecondary education institutions is reviewed. The three campus-based programs are the College Work-Study, National Direct Student Loan, and Supplemental Educational Opportunity Grant student aid programs. Changes imposed…

The status of the U.S. Office of Education-sponsored National Direct Student Loan funds at 19 selected postsecondary schools was reviewed. Enabling legislation intended that schools attain a revolving fund status but each school differs in its ability to do this because different loan collection procedures are used. Legislation requires schools to…

The guide is intended for use by staff of governmental agencies that exercise regulatory authority over postsecondary educational institutions. It describes a simplified system for collecting, analyzing, and sharing information on the policies and practices of the regulated institutions. The policies and practices in question are those that relate…

Guidelines for loan collection staff who award/service college student loans are presented. Attention is directed to sound collection procedures, three specific loan programs, suing a defaulted borrower, the Family Educational Rights and Privacy Act and the use of credit bureaus, and student loan borrower bankruptcy. Loan collection procedures for…

Information on federal student aid recipients by income, undergraduate and graduate level, and financial dependency status is presented for Pell Grants, campus-based programs, and Guaranteed Student Loans (GSL). Income data are reported for all aid recipients and for financially dependent and independent students for 1983-1984 and for 1976-1977,…

Federal costs of the National Direct Student Loan (NDSL) program and the Guaranteed Student Loan (GSL) program are compared, and alternatives to the current system of student financial assistance are discussed. It is estimated that over the life of the loan, the long-term federal costs of GSL and NDSL per dollar loaned are approximately the same…

A historical perspective on the organization and administration of the National Direct Student Loan (NDSL) Program is reported in this study, particularly as it relates to persisting concerns about the default rate. Chapter 1 explains the origin, purpose, and provisions of the program. Chapter 2 provides an overview of the study, including both…

Proposed changes in student financial aid for fiscal year (FY) 1986 and their likely effects on higher education are discussed. The Reagan Administration's FY 1986 budget recommends a 25% cut for higher education, or $2.3 billion below the adjusted FY 1985 level of $8.8 billion. All but $100 million of the cuts would come from student aid, and…

Pell Grants, based on need, have been the federal government's commitment and contribution to equal access to higher education. Topics addressed in these hearings include: the maximum award amount, the percentage of college costs to be covered by the award, the living allowance for students living off campus, the tax rates on discretionary income…