Guidelines for determining the maximum amount of cash reserves needed by agencies guaranteeing loans under the Guaranteed Student Loan Program are offered to the U.S. House of Representatives by the U.S. General Accounting Office. The effect of the guidelines if implemented in fiscal year (FY) 1986 are estimated. The analysis was based on data on…

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…

Hearings were conducted to discuss legislation aimed at reducing student loan defaults in the federal Guaranteed Student Loan program. The Student Default Initiative Act of 1988 is designed to address the growing cost of student loan defaults and the increasing imbalance between grant and loan assistance. It develops a procedure to get the…

Federal aid has had many overlapping purposes and effects, from labor objectives to bolstering institutional enrollments, but the larger mission has been to help people realize their educational aspirations regardless of individual economic or social origins. The history and future of the democratization of college opportunities are discussed.…

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…

The growing campus role in providing student financial aid is discussed based on data from the Cooperative Institutional Research Program, Peterson's Guide, and other sources. The campus contribution to student aid programs has grown far more than recent tuition increases. A significant portion of the financial aid burden has passed from federal…

The merits of providing more loan opportunities to parents and students and the implications of this growing reliance on borrowing are considered. The objective is to clarify the alternative federal aid approaches that will be discussed as part of the reauthorization of the Higher Education Act. Federally-sponsored loan programs include Guaranteed…

The impact of changes in student aid policies on the way students and their families pay for college is examined. A major focus is how student loans fit into the overall framework of student finance. Information is presented on the National Direct Student Loan program and Guaranteed Student Loan program. Both programs provide the opportunity to…

Background questions to support a federally-sponsored assessment of major student aid delivery system options are addressed. Attention is directed to: (1) information needed by the U.S. Secretary of Education to decide about changes to the delivery system; (2) reasons that delivery system redesign is a critical issue; (3) what can be learned from…

Basic information about the federal Guaranteed Student Loan (GSL) program, including its status and the level of participation, is presented, and policy issues concerning cost, equity, efficiency, and administration are also identified. After specifying six criteria for evaluating options for change in the program, specific options are listed…

This guide and training manual, in loose-leaf format, is intended to assist lenders and schools participating in the Colorado Student Loan Program (CSLP). The manual consists of a series of single page (front and back) "ready references." Each ready reference includes a title followed by information on the subject and suggestions for…

As a part of a study on financing higher education in California, information is presented on student loans and alternative methods of financing. Part 1 reviews problems caused by a heavy reliance on the federal Guaranteed Student Loan program (GSL). It discusses troubles of the GSL program; the lack of policy purpose; program costs; defaults;…

Specifications of the current delivery systems of the Pell Grant program, the Guaranteed Student Loan (GSL) program, and campus-based aid programs are provided. The relationship between features of the programs and delivery systems is also examined. The campus-based programs include the Supplemental Educational Opportunity Grant (SEOG) Program,…

Proposed budget cuts by the Reagan Administration that will directly affect the financial aid programs at the University of Delaware are examined, along with the anticipated impacts of the cuts. The programs specifically slated for reduction in both funds and the number of students who will be eligible to participate in 1981-82 include the…

Issues concerning indebtedness of undergraduate students are examined, including the implications of debt burdens for: the national economy, the individual well-being of borrowers, equality of access to higher education, and the educational process itself. Risks students face in borrowing to pay for education and how the United States compares to…