Improving Oversight of Federal Student Aid Programs
Concerns have surfaced over the Department of Education’s role in overseeing lenders and schools that participate in the largest of the federal government’s student loan programs, the Federal Family Education Loan Program, through which $51 billion in new student loans was dispersed in fiscal year 2007. Some of the practices of these schools and lenders may have resulted in students and parents paying unnecessarily high interest rates on loans because of improper lender activities.
Highlights of GAO-07-750 (PDF), Highlights of GAO-07-1087 (PDF)
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Higher Education
Factors Lenders Consider in Making Lending Decisions for Private Education Loans
GAO-10-86R, Nov 17, 2009
GAO-10-86R, Nov 17, 2009
Federal Family Education Loan Program
Increased Department of Education Oversight of Lender and School Activities Needed to Help Ensure Program Compliance
GAO-07-750, Jul 31, 2007
GAO-07-750, Jul 31, 2007
Federal Family Education Loan Program
Eliminating the Exceptional Performer Designation Would Result in Substantial Savings without Adversely Affecting the Loan Program
GAO-07-1087, Jul 26, 2007
More Reports GAO-07-1087, Jul 26, 2007
