Problems of Default in the Guaranteed Student Loan Program

Problems of Default in the Guaranteed Student Loan Program

Author: United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Education, Arts, and Humanities

Publisher:

ISBN: OCLC:78652737

Category:

Page: 946

View: 481

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Problems of default in the Guaranteed Student Loan Program

Problems of default in the Guaranteed Student Loan Program

Author: United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Education, Arts, and Humanities

Publisher:

ISBN: PSU:000013392079

Category: Default (Finance)

Page: 946

View: 702

Categories: Default (Finance)

Problems of Default in the Guaranteed Student Loan Program

Problems of Default in the Guaranteed Student Loan Program

PROBLEMS OF DEFAULT IN THE GUARANTEED STUDENT LOAN PROGRAM FRIDAY , DECEMBER 11 , 1987 U.S. SENATE , SUBCOMMITTEE ON EDUCATION , ARTS AND HUMANITIES ...

Author: United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Education, Arts, and Humanities

Publisher:

ISBN: UCR:31210011556519

Category: Collecting of accounts

Page: 946

View: 441

Categories: Collecting of accounts

Guaranteed Student Loans

Guaranteed Student Loans

Author: United States. General Accounting Office

Publisher:

ISBN: UOM:39015042644271

Category: Federal aid to education

Page: 40

View: 864

Categories: Federal aid to education

Mortgaging a Generation

Mortgaging a Generation

Author: California Postsecondary Education Commission

Publisher:

ISBN: UCSD:31822040987455

Category: Student aid

Page: 105

View: 812

Categories: Student aid

A Predictive Model for the Repayment of Student Loans in Community Colleges

A Predictive Model for the Repayment of Student Loans in Community Colleges

A digital copy of this work may also be found in the university's institutional repository, [email protected] The content of this dissertation has not been altered in any way.

Author: James Schmidt

Publisher:

ISBN: 0530006456

Category: Education

Page: 102

View: 514

Abstract: The problem of this study was to determine the relationship between selected variables which characterize community college students and student loan defaults and to develop a model using these variables to predict student loan payback. Given the current economic crisis and the increasing reliance on the student loan programs to help students meet educational expenses, a study of the importance of selected student demographic characteristics and their relationships to the student loan default problem is of great importance to the future support of the student loan programs. The literature provided a theoretical basis for this study including appropriate variables for study as predictors of student default. These variables included size of loan total, marital status, sex, grade point average, college standing, and age. The data presented in this study were supplied by the Florida Student Financial Aid Commission, Tallahassee, Florida, and represented a statewide sample of 7 6 community college students who have participated in the Guaranteed Student Loan program. Of the six variables selected, only the size of the loan total and marital status distinguished significantly those who repaid their student loans from those who did not. In addition to these variables, sex, grade point average, college standing, and age were useful in developing a prediction model. Although the model did not provide an infallible formula for predicting those students who are most likely to repay their student loans, the model predicted group membership (defaulter of non-defaulter) for 70% of the sample cases. These findings underscore Pattillo and Wiant's conclusion that items reflecting financial rather than biographical data appear to be better predictors of loan delinquency. Therefore, it appears that the inclusion of additional discriminating variables and a more detailed study design may be necessary in order to improve the identification of students who are likely to repay their student loans. Dissertation Discovery Company and University of Florida are dedicated to making scholarly works more discoverable and accessible throughout the world. This dissertation, "A Predictive Model for the Repayment of Student Loans in Community Colleges" by James A. Schmidt, was obtained from University of Florida and is being sold with permission from the author. A digital copy of this work may also be found in the university's institutional repository, [email protected] The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation.
Categories: Education

Education Issues

Education Issues

Author: United States. General Accounting Office

Publisher:

ISBN: UIUC:30112033983609

Category: Education

Page: 22

View: 522

Categories: Education

United States Congressional Serial Set

United States Congressional Serial Set

One of the major concerns of the Subcommittee has been the growing default rate under the Guaranteed Student Loan Program . Attempts to understand the ...

Author: United States Government Printing Offic

Publisher: Wentworth Press

ISBN: UCAL:B3338772

Category:

Page: 978

View: 704

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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Defaults in the Federal Guaranteed Student Loan Programs

Defaults in the Federal Guaranteed Student Loan Programs

Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education

Publisher:

ISBN: UCR:31210015473471

Category: Default (Finance)

Page: 401

View: 525

Categories: Default (Finance)

Congressional Index

Congressional Index

Author:

Publisher:

ISBN: STANFORD:36105063741156

Category: Bills, Legislative

Page:

View: 265

Categories: Bills, Legislative

Financial Audit

Financial Audit

Author: United States. General Accounting Office

Publisher:

ISBN: STANFORD:36105126800445

Category: Student aid

Page: 64

View: 702

Categories: Student aid

Veterans Administration Education Loan Program Should be Terminated

Veterans Administration Education Loan Program Should be Terminated

GAO expanded a followup review of the Veterans Administration (VA) education loan program to provide more geographic coverage and to determine whether eligible veterans and dependents were reporting all available resources, if veterans were ...

Author:

Publisher:

ISBN: OCLC:191826234

Category:

Page: 15

View: 859

GAO expanded a followup review of the Veterans Administration (VA) education loan program to provide more geographic coverage and to determine whether eligible veterans and dependents were reporting all available resources, if veterans were also eligible for the Department of Education financial aid programs, and if such aid would satisfy their financial needs. GAO found that a number of actions taken by Congress and VA since May 1978 improved the VA administration of the education loan program by providing additional authority to limit program participation to veterans attending high-cost schools. With the strengthening of the criteria used in defining allowable expenses for determination of financial need, loans awarded decreased significantly in 2 years. About 50 percent of the reduction appeared attributable to the new guidelines. However, VA continued to experience severe problems with loan defaults. The cumulative loan default rate increased to 65 percent; the default rate on matured loans for fiscal year 1980 was even higher, 81 percent. GAO found that: (1) 39 percent of the veterans sampled failed to report financial assistance applied for or received under other financial aid programs; (2) the financial needs of 99 percent of the sampled veterans could probably have been met through the maximum Department of Education financial aid package; (3) the availability of student loans was high, and veterans should have had no problems in obtaining such loans; and (4) it costs VA 70 times more per loan dollar disbursed to administer its loan program than it costs the Department of Education to administer the Guaranteed Student Loan Program. Congress has taken action which will significantly reduce program participation. The Omnibus Budget Reconciliation Act of 1981 limits the VA educational loans and will result in savings of $15 million in outlays in fiscal years 1982 to 1984.
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Managing the Federal Direct Student Loan Program

Managing the Federal Direct Student Loan Program

The House Subcommittee on Human Resources and Intergovernmental Relations met to hear testimony from leaders in government and higher education on managing the federal direct student loan program.

Author: Congress of the U. S., Washington, DC. House Committee on Government Operations

Publisher:

ISBN: UOM:39015037072579

Category: Government publications

Page: 152

View: 816

The House Subcommittee on Human Resources and Intergovernmental Relations met to hear testimony from leaders in government and higher education on managing the federal direct student loan program. Focus was on the Department of Education's plans to correct existing management problems of the Guaranteed Student Loan Program and implement the additional responsibilities of managing a direct lending loan program. Statements are included from the following: Robert E. Andrews, New Jersey Representative; Stephanie Bloomingdale, U.S. Students Association; Thomas A. Butts, for the American Council on Education, American Association of State Colleges and Universities, American Association of Community Colleges, National Association of College and University Business Officers, and National Association of State Universities and Land Grant Colleges; Clarence C. Crawford, :U.S. General Accounting Office; Orcilia Zuniga Forbes, University of New Mexico; William F. Goodling, Representative from Pennsylvania; Madeline Kunin, U.S. Department of Education; Thomas E. Petri, Representative from Wisconsin; Anne Sturtevant, Emory University (Tennessee); and Edolphus Towns, Representative from New York. (JB)
Categories: Government publications

The Student Loan Mess

The Student Loan Mess

. . . This engaging book will appeal to a broad audience of interested general readers."—John Iceland, Professor of Sociology and Demography, Penn State University

Author: Joel Best

Publisher: Univ of California Press

ISBN: 9780520276451

Category: Education

Page: 233

View: 960

"Student loan debt in the U.S. now exceeds $1 trillion, more than the nation's credit-card debt. This timely book explains how and why student loans evolved, the concerns they've raised along the way, and how each policy designed to fix student loans winds up making things worse. The authors, a father and son team, provide an intergenerational, interdisciplinary approach to understanding how, over the last 70 years, Americans incrementally, with the best intentions, created our current student loan disaster. They examine the competing interests and shifting societal expectations that contributed to the problem, and offer recommendations for confronting the larger problem of college costs and student borrowing in the future"--
Categories: Education

Student Loan Defaults the Belmont Task Force Report

Student Loan Defaults  the Belmont Task Force Report

Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education

Publisher:

ISBN: UOM:39015013313500

Category: Default (Finance)

Page: 360

View: 463

Categories: Default (Finance)

Student Loan Reform

Student Loan Reform

Author: United States. Congress. Senate. Committee on Labor and Human Resources

Publisher:

ISBN: STANFORD:36105045502635

Category: Government publications

Page: 175

View: 723

Categories: Government publications

Student Loan Defaults the Belmont Task Force Report

Student Loan Defaults   the Belmont Task Force Report

Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education

Publisher:

ISBN: LOC:00020263246

Category: Collecting of accounts

Page: 360

View: 957

Categories: Collecting of accounts