The Student Loan Marketing Association ("Sallie Mae") is a government sponsored, private, for profit corporation, created in June 23, 1972, by the enactment of Section 439 of the Higher Education Act of 1965, as amended. Sallie Mae provides liquidity to commercial banks, savings and loan associations, mutual savings banks, credit unions,…

Hearings are presented on the subject of defaults of student loans made pursuant to the Guaranteed Student Loan Program authorized by part B of Title IV of the Higher Education Act. Methods are suggested for cutting down or eliminating defaults including: (1) discharging federal employees who have defaulted on student loans, after a reasonable…

The federal student loan program is examined with focus on how well it will serve the country's needs in the 1990s and beyond. A series of papers are presented in two parts. Part one, Student Loan Policy and Proposals for Change, includes the following papers: "Appearance and Reality in the Guaranteed Student Loan Program" (M.…

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…

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 report, which is the collaborative effort of the 23-member institutions of the consortium, proposes a financial aid structure that would provide access and a degree of choice in postsecondary education. Its overriding concern is with the structure of financial aid. The consortium recommends redirecting benefits under existing laws so that…

As the Guaranteed Student Loan Program became a necessity for a substantial portion of students at many schools, statutory provisions were revised authorizing the Office of Education (OE) to regulate institutions participating in the program. Implications of this regulatory responsibility are discussed. (LBH)

Federal student assistance has become a tangled thicket of programs and policies. It is complicated, fails to focus benefits on the neediest students, and is increasingly expensive. Complexity and cost, grants or loans, who should benefit from student assistance and who should pay, and reshaping student aid are discussed. (MLW)

The recent history of trends affecting the affordability of college are summarized. A better balance needs to be established between loan and grant support for students. The Stafford Student Loan Program (formerly the Guaranteed Student Loan Program) and the Reishauer HELP program are discussed. (MLW)

This report provides statistics on student aid in the 1980s and 1990s, complementing the publication, "Trends in Student Aid: 1963 to 1983." It revises figures presented earlier for the 1980s and gives estimates for academic year 1990-91. Tables 1 to 8 provide a variety of statistics on student aid, family income, and college costs 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…

This report presents statistics and other information concerning trends in, and the current (1991) status of, various student financial aid programs in New York State. Among the report's findings are the following: (1) New York State spent more on student aid in 1990-91 than 1989-90 out of a smaller State higher education budget; (2) despite the…

The effects of federal legislation on university affairs were studied by George Washington University, including academic, administrative, and research concerns. Analyzed were civil rights legislation and compliance; non-civil rights legislation requiring compliance; government funding priorities; and funds administration. Negative and positive…

Information is presented on student default rates at 7,800 postsecondary schools. The report builds on previous data and offers a summary analysis of the approximately 1.2 million 1983 borrowers' rates of default by kinds of schools that borrowers and defaulters attended and length in years of their schools' academic programs. Information is…

Activities of the Alabama State Commission on Higher Education are described. Three sections discuss the following: (1) planning and coordination activities (unified budget recommendation, statewide planning process, research and service program inventory, new program approval, off-campus instruction, non-resident institutional review, conference…