Research has shown that student loan borrowers in repayment exhibit physical and mental health problems. These can be exacerbated by and contribute to health-related financial hardship. We use the 2015 U.S. National Financial Capability Study to examine the likelihood of having past due medical bills and of avoiding health care services by not…

Many college students struggle to make ends meet while enrolled and sometimes must turn to a wide variety of safety net resources, including official government programs, borrowing from family, and selling belongings. This brief examines data from 63,751 undergraduate students who responded to Trellis' Fall 2021 Student Financial Wellness Survey…

Many college students, especially students from low-income backgrounds, face significant structural barriers that make it challenging to persist and complete a degree or certificate. These barriers include substantial financial challenges. Student financial aid at the federal and state levels has not kept up with rising college costs, resulting in…

With over 4,400 colleges and universities offering a variety of degrees and programs, and more than 2,000 non-degree granting institutions, the postsecondary education landscape within the United States can be a complex web to navigate for high school students (U.S. Department of Education, 2012). The transition from high school to postsecondary…

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)

This paper studies the nature and impact of credit constraints in the market for human capital. We derive endogenous constraints from the design of government student loan programs and from the limited repayment incentives in private lending markets. These constraints imply cross-sectional patterns for schooling, ability, and family income that…

This statement of the Director of Education and Employment Issues of the General Accounting Office's Human Resources Division discusses how the Stafford Student Loan program works, the growth in loans guaranteed and defaulted, and the concerns surrounding the financial problems being experienced by the Higher Education Assistance Foundation…

Student loan programs have been racked by defaults, bankruptcies, and administrative trivia, causing Congress to search for another system. Under consideration is a loan that would be repaid to the Internal Revenue Service through a withholding tax. However, better collection efforts with the present system are producing encouraging results. (JMD)

The Student Loan Marketing Association (Sallie Mae) is a private profit-making corporation chartered by Congress in 1972 to create a secondary market for Guaranteed Student Loans (a program established by Title IV-B of the 1965 Higher Education Act). Sallie Mae's job is to help lending institutions thaw frozen cash and make more loans. (BM)

Recommendations are made for the correction and collection of Veterans Administration overpayments of educational benefits. They include: improved compliance surveying; updates on overpayments balance reports to the states; identification of schools liable for overpayments; notification of veterans of their obligation to report training status…

The problem of managing collection efforts on defaulted student loans under the guaranteed student loan program is discussed. This review was made to assist the Office of Education in developing collection guidelines and procedures to cope more effectively with the rapidly increasing backlog of defaulted loans. It is shown that changes in policy…

Insufficient funding for college work-study programs, increased student loan defaults, unanticipated deficits in the federal Pell Grant program, and the climate of recession are creating serious problems for student financial aid. Some fear enrollments will be affected and federal programs will be further reduced. (MSE)

This study reviews the financial soundness of the Perkins Loan Program, a federal program that provides low-interest loans to financially needy students through postsecondary institutions, and identifies ways to make the Perkins program less financially dependent on additional federal appropriations to cover operating costs and default losses.…

This General Accounting Office (GAO) testimony before the Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives, concerns the findings of the task force that addressed the increasing costs of student loan defaults. The task force report is considered, generally, to provide additional incentives and…

Approximately 95 percent of affiliated Jewish youth attend college. Much is happening in student aid today that will probably affect parents and their children. Issues of importance include: (1) legal considerations; (2) sources of financial aid; (3) applying for financial aid; (4) state and federal programs of financial aid; (5) sources of…