This document addresses two separate, though related aspects of the operation of the Guaranteed Student Loan Program (GSLP): (1) the mechanism for setting the special rate allowance (SRA); and (2) the effect of the operating requirements of the program on lender servicing costs. The study develops recommendations for improving both aspects of the…

The adequacy of the Department of Education's automated information system for the Guaranteed Student Loan Program was assessed. The review conducted by the U.S. General Accounting Office focused on the department's efforts and plans to correct system deficiencies, the reasonableness and propriety of major system costs incurred, and the…

The impact of the Middle Income Student Assistance Act (MISAA) program was evaluated through analysis of financial aid to cohorts of students before and after MISAA, a longitudinal examination of a sample of students before and after its enactment, and a macro-level analysis of the effect of MISAA on the relationship between income and aid. The…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

The distribution of student financial aid funds at the state level is described and some of the variables that are associated with the allocation of funds from the different programs are identified. This paper is divided into several sections. The first reviews the work done on measures of educational opportunity and analyzes the shortcomings of…

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…

This report on the Guaranteed Student Loan (GSL) Program in the California community colleges discusses the repayment of student loans and recommends strategies for reducing default rates. Introductory material highlights the following trends: (1) financial aid programs for low-income students have failed to keep pace with demand; (2) by 1983,…

This report presents the results of an investigation which evaluated the Department of Education's data base on Stafford Loans and discusses how the Department can use the information to prevent loan abuses. The investigation's findings reveal that loan defaulters may have obtained about $109 million in new loans, and that students received…

The National Postsecondary Student Aid Study collected data for sample students from registrar and financial aid offices at postsecondary institutions. The data were collected for students enrolled in a postsecondary institution in fall 1986. Since substantial numbers of students are not enrolled in fall and are therefore not represented in the…

This report, based on the 1987 National Postsecondary Student Aid Study, provides information on how different sources and types of student financial aid were combined to produce student aid awards or packages for 34,544 undergraduate students. First, aid awards are examined by the source of aid; second, by the type of aid; and third, by a…

The estimated fiscal impact of four federal cost reduction options for the Guaranteed Student Loan (GSL) Program was studied. Income and other financial strength data on current New York State recipients of guaranteed loans during the 1981-82 academic year were collected in order to assess the impact of the cost reduction proposals. Two major…

Defaults on guaranteed student loans were examined in a sample of 4,617 students in proprietary vocational schools and community colleges in California. Default rates stemmed largely from students' background characteristics, rather than from characteristics or practices of the institutions they attend. (SLD)

Sources of funds for students at private colleges are assessed, along with major changes in student financial aid during 1979-1984, based on the Student Aid Recipient Data Bank of the National Institute of Independent Colleges and Universities. A random sample of actual student financial aid records was examined in order to show how aid is…

Responses to a questionnaire circulated to all state guarantee agencies for the federal Guaranteed Student Loan Program (GSL) are reported. Information is reported, in charts and tables, on: dates the states signed GSL agreements with the Office of Education; states that guaranteed loans before GSL began in 1966; agency organizational types;…

The results of a study of the availability of student financial aid information is presented. Of the 68 independent, proprietary, and public postsecondary institutions in the Boston area eligible to participate in the Office of Education's five student assistance programs--Basic Education Opportunity Grants (BEOG), Supplemental Education…