Education estimates 430,000 new teachers will be needed by 2020. It administers three programs that may help attract and retain qualified teachers by helping them finance their education. However, little is known about the efficacy of these programs. GAO was asked to examine the TEACH Grant and two loan forgiveness programs. This report examines…

This participant's guide is intended to be used in a one-day workshop for college/university staff involved in administering federally supported student financial assistance programs under Title IV of the reauthorized Higher Education Act. The materials are in a workbook format and include copies of workshop display materials, space for notes,…

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…

This publication discusses areas of concern in the Department of Education's management and oversight of postsecondary student financial aid programs, especially the Federal Family Education Loan Program (FFELP), the Federal Direct Student Loan Program (FDSLP), and the Federal Pell Grant Programs. The General Accounting Office determined that, in…

This report reviews the status of government agencies and operations that have been identified as at "high risk" for waste, fraud, abuse, and mismanagement; describes successful progress in some agencies; and looks at recent reform legislation. Six categories being targeted include accountability of defense programs, ensuring that all…

Nationally obtained public testimony, evaluations of previous studies, discussions of prior recommendations, examinations of federal reports, and review of federal investigations have identified serious problems that threaten to undermine the integrity of federal student financial assistance programs, as well as public confidence in their…

Concerns have been raised about the Department of Education's (Education) role in overseeing the lenders and schools that participate in the largest of the federal government's student loan programs, the Federal Family Education Loan Program (FFELP). GAO was asked to analyze Education's use of its oversight, guidance, and enforcement authorities…

This package of training materials is intended for financial aid administrators at institutions of higher education participating in a workshop series providing training in the delivery system of federal student financial aid under Title IV of the Higher Education Act. The workshop involves seven sessions over a 2-day period and focuses on…

This report presents the results of a survey of 808 postsecondary education institutions concerning effects of the 1992 Higher Education Act reauthorization on federal student financial aid. The survey was conducted in the 1994-95 school year through the Postsecondary Education Quick Information System (PEQIS). The reauthorization legislation made…

This report presents the results of an audit of the Principal Financial Statements of the Department of Education's Federal Family Education Loan Program and its internal controls and compliance with laws and regulations for the fiscal year ended September 30, 1992. The report details the following findings: (1) the Statement of Cash Flows were…

This document reproduces the testimony on the subject of a recent General Accounting Office report on the relative federal cost of guaranteed and direct student loans in postsecondary and higher education. The comments focus on the potential federal savings associated with substituting Stafford loans with direct loans and the effect that a direct…

Issues concerning mortgage-backed student loans are examined, with attention to the new tax law, policy and practical concerns that a college should address before starting this type of loan program, public policy issues, and two types of plans. The Tax Reform Act of 1986 phases out the deductibility of consumer interest charges and as a result…

Reviews problems with the Stafford Student Loan Program (Federal Family Educational Loan Program), including high-risk borrowers, dishonest school officials, negligent lenders, and guaranty agencies. Critiques recent reform measures designed to simplify the program. Suggests alternative policies, particularly direct loans from the federal…

This advisory report investigates the possible simplification of the Federal Family Education Loan Program (FFELP) and considers the issue of federal direct lending. The evaluation indicates that complexity in the FFELP is due to multiple, overlapping loan programs with conflicting terms and conditions. Nonstandard policies, procedures, forms, and…

Reauthorization of the Higher Education Act of 1965 is considered in this report of a hearing. Factors that affect students' financing of their college studies in Washington are addressed, including the tax structure, tuition, and the state's financial system. Recommendations for the legislation include: fund student financial aid at levels that…