This paper summarizes results of a hearing by the Advisory Committee on Student Financial Assistance in Atlanta, Georgia, on the delivery and disposition of higher education student financial assistance funds. Seventeen individuals offered testimony. They included representatives of guarantee agencies, the lending community, the financial aid community, and an independent loan collections firm. Historically black, private, proprietary, and public educational institutions were also represented. The testimony fell into five general categories: (1) access and student information needs; (2) simplification of the loan application form; (3) defaults and "pro rata" refunds; (4) institutional lending; and (5) Multiple Data Entry (MDE)/Title IV processors. Comments on access and student information needs noted the different ways that outreach and information efforts were not reaching targeted populations. Discussion of simplifying the Stafford Loan form noted the need to clarify while meeting the information needs of different states. Discussion of defaults showed some consensus among witnesses that reducing defaults required a team effort of all involved parties. Remarks about institutional lending fell on both sides of questions about removing restrictions on institutional lending. Witnesses testifying on MDE and Title IV processors encouraged the implementation of full Title IV processors so that collecting data for student aid eligibility could be accomplished with one form free of charge to the student. (JB)