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Zook, Jim – Chronicle of Higher Education, 1995
Supporters of the new direct student loan program are critical of the private loan-guarantee agencies that cover lender losses on defaulted loans, portraying them as greedy, inefficient, and plagued by conflicts of interest. In turn, the agencies and banks doubt federal capacity to manage student borrowing. (MSE)
Descriptors: Banking, Federal Programs, Financial Problems, Higher Education
Burd, Stephen – Chronicle of Higher Education, 1997
Colleges and universities are finding that improvements in the guaranteed student loan process are making it more attractive than direct lending. In its third year, the direct lending program's total loan volume remains at 33%, well below the 50% goal set in originating legislation. Even some of its strongest supporters fear the program will have…
Descriptors: Banking, Competition, Federal Programs, Higher Education
Wilson, Robin – Chronicle of Higher Education, 1988
In almost half of the Department of Education's biennial audits of colleges receiving federal financial aid, institutions are found to have made mistakes in aid distribution, and each year the department asks colleges to return $25-million in aid money. Better oversight methods are urged. (MSE)
Descriptors: Federal Programs, Financial Audits, Financial Problems, Higher Education
Wilson, Robin – Chronicle of Higher Education, 1987
Researchers, economists, and campus administrators who have followed federal student aid programs worry that businesses have turned the Guaranteed Student Loan Program into a lucrative industry that doesn't always have the students' interest in mind, and a congressional study group is also concerned about aspects of the program. (MSE)
Descriptors: Banking, Costs, Federal Programs, Higher Education
Blumenstyk, Goldie – Chronicle of Higher Education, 1999
Two years into its new life as a private company, the Student Loan Marketing Association (Sallie Mae) is both creating a division to handle the processing and clerical duties of college financial aid offices and backing away from a short-lived move into the business of underwriting college bonds. The agency also originates government-subsidized…
Descriptors: College Programs, Educational Finance, Federal Programs, Higher Education
Burd, Stephen – Chronicle of Higher Education, 1997
A recent Department of Education study, developed with the assistance of the Internal Revenue Service, found that of 2.3 million Pell Grants in 1995-96, 102,000 went to students who failed to report or underreported family income. More than 300 recipients had each underreported income by over $100,000. The report comes when the Clinton…
Descriptors: Cheating, College Students, Family Income, Federal Aid
Burd, Stephen – Chronicle of Higher Education, 1997
Public officials and student aid experts agree that the federal program delivery system is outdated, inefficient, and vulnerable to fraud, but they disagree on how bad the situation is and whether the Education Department has the structure necessary to fix it. A 1995 project to integrate all federal grant and loan programs into one system has not…
Descriptors: Change Strategies, Cheating, Delivery Systems, Federal Programs