Guaranteed Student Loans. Better Criteria Needed for Financing Guarantee Agencies. United States General Accounting Office Report to the Congress [electronic resource]
The financing of guarantee agencies under the U.S. Department of Education's Guaranteed Student Loan Program was reviewed to determine whether, in the aggregate, the agencies are accumulating, retaining, and using reserve funds in accordance with legislative requirements and federal regulations...
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Full Text (via ERIC) |
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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[S.l.] :
Distributed by ERIC Clearinghouse,
1986.
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| Subjects: |
MARC
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| 099 | |f ERIC DOC # |a ED273183 | ||
| 099 | |f ERIC DOC # |a ED273183 | ||
| 110 | 1 | |a United States. |b General Accounting Office. | |
| 245 | 1 | 0 | |a Guaranteed Student Loans. Better Criteria Needed for Financing Guarantee Agencies. United States General Accounting Office Report to the Congress |h [electronic resource] |
| 260 | |a [S.l.] : |b Distributed by ERIC Clearinghouse, |c 1986. | ||
| 300 | |a 55 p. | ||
| 500 | |a ERIC Document Number: ED273183. | ||
| 500 | |a Availability: U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20877 (first 5 copies free; additional copies, $2.00 each; 25% discount on orders for 100 or more copies mailed to a single address). |5 ericd. | ||
| 500 | |a ERIC Note: For a related document, see HE 019 573. |5 ericd. | ||
| 500 | |a Educational level discussed: Higher Education. | ||
| 520 | |a The financing of guarantee agencies under the U.S. Department of Education's Guaranteed Student Loan Program was reviewed to determine whether, in the aggregate, the agencies are accumulating, retaining, and using reserve funds in accordance with legislative requirements and federal regulations. It was found that reserves exceed the risks guarantee agencies are asked to assume, at the expense of the federal government and student borrowers. Recommendations are offered to the Congress and the Secretary of Education concerning: (1) the establishment of limits on the guarantee agencies' buildup of cash reserves, (2) a reduction in agencies' sources of revenues to stay within these limits, and (3) the prevention of using nonfederal funds generated by the program for other than program purposes. Appendices include: a list of guarantee agencies, descriptions of the sources and uses of guarantee agency funds, cumulative sources and uses of guarantee agency funds, cumulative sources and uses of funds for each guarantee agency as of September 30, 1985, consolidated schedule of sources and uses of funds for all guarantee agencies for federal fiscal year 1985, comparison of federal advances outstanding with reserves for each guarantee agency as of April 1986, and advance comments from the Department of Education. (SW) | ||
| 650 | 0 | 7 | |a Agency Role. |2 ericd. |
| 650 | 0 | 7 | |a Credit (Finance) |2 ericd. |
| 650 | 1 | 7 | |a Federal Programs. |2 ericd. |
| 650 | 0 | 7 | |a Federal Regulation. |2 ericd. |
| 650 | 1 | 7 | |a Financial Policy. |2 ericd. |
| 650 | 0 | 7 | |a Higher Education. |2 ericd. |
| 650 | 1 | 7 | |a Money Management. |2 ericd. |
| 650 | 1 | 7 | |a Program Administration. |2 ericd. |
| 650 | 0 | 7 | |a Public Policy. |2 ericd. |
| 650 | 1 | 7 | |a Student Loan Programs. |2 ericd. |
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| 952 | f | f | |p Can circulate |a University of Colorado Boulder |b Online |c Online |d Online |e ED273183 |h Other scheme |i web |n 1 |