Download or read book Examining the Mismanagement of the Student Loan Rehabilitation Process written by Subcommittee on Higher Education and Wor and published by CreateSpace. This book was released on 2015-10-21 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to 2010, the federal government authorized two loan programs through the Higher Education Act to help students and their families pay for college. As part of the health care overhaul in 2010, the Democrat-led Congress eliminated the Federal Family Education Loan Program, which offered student loans through private lenders, and shifted to 100 percent direct lending. The federal government now originates and oversees every single federal student loan issued. Is the federal government equipped to handle the enormous task it has taken on? In particular, a significant number of borrowers have raised concerns about the department's inability to manage the critical loan rehabilitation process. In short, loan rehabilitation provides borrowers a one-time opportunity to get out of default. Once a borrower makes nine on-time monthly payments over a 10-month period, the loan returns to good standing, the default is removed from the borrower's credit report, and eligibility for repayment options or additional financial aid are restored. Ensuring the rehabilitation process is working in a timely and effective manner is critical to the well-being of the nation's borrowers. Defaulting on student loans has serious consequences for a borrower's credit rating, making it more difficult to obtain affordable credit, secure a job, or take out a mortgage.
Download or read book Examining the Mismanagement of the Student Loan Rehabilitation Process written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Higher Education and Workforce Training and published by . This book was released on 2015 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Mismanagement of the Student Loan Rehabilitation Process written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-09-18 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the mismanagement of the student loan rehabilitation process : hearing before the Subcommittee on Higher Education and Workforce Training, Committee on Education and the Workforce, U.S. House of Representatives, One Hundred Thirteenth Congress, second session, hearing held in Washington, DC, March 12, 2014.
Download or read book Examining the Mismanagement of the Student Loan Rehabilitation Process Serial No 113 50 March 12 2014 113 2 written by and published by . This book was released on 2015* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Mismanagement of the Student Loan Rehabilitation Process written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Higher Education and Workforce Training and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Student Loans Better Oversight Could Improve Defaulted Loan Rehabilitation written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-27 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: " As of fiscal year 2013 about $94 billion-over 11 percent of federal student loan volume in repayment-was in default, which generally occurs when a borrower fails to make a payment for more than 270 days. Loan rehabilitation was established as an option to help Education collect defaulted student loans, and borrowers address the adverse consequences of default, such as repairing damaged credit. GAO was asked to review Education's loan rehabilitation process. This report examines how: (1) Education assists borrowers in rehabilitating defaulted student loans; (2) the upgrade of its defaulted loan information system affected loan rehabilitation; and (3) Education oversees private collection agencies in implementing loan rehabilitation. GAO reviewed Education's policies, procedures and guidance; contracts and monitoring records for the defaulted loan information system contractor and 22 collection agencies; collections and rehabilitation data; and relevant federal laws and regulations. GAO interviewed Education officials, representatives of borrower advocacy groups, and visited 6 selected collection agencies, based on their loan volume and geographic location. "
Download or read book Federal Student Loans written by Melissa Emrey-Arras and published by . This book was released on 2014-04-25 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: As of fiscal year 2013 about $94 billion -- over 11 percent of federal student loan volume in repayment -- was in default, which generally occurs when a borrower fails to make a payment for more than 270 days. Loan rehabilitation was established as an option to help the Department of Education (Education) collect defaulted student loans, and borrowers address the adverse consequences of default, such as repairing damaged credit. This report reviewed Education's loan rehabilitation process. It examines how: (1) Education assists borrowers in rehabilitating defaulted student loans; (2) the upgrade of its defaulted loan information system affected loan rehabilitation; and (3) Education oversees private collection agencies in implementing loan rehabilitation. Tables and figures. This is a print on demand report.
Download or read book Federal Student Loans written by Melissa Emrey-Arras and published by . This book was released on 2014 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: As of September 2013 about $94 billion--over 11 percent of federal student loan volume in repayment--was in default. Loan rehabilitation allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Department of Education (Education) contracts with collection agencies to assist borrowers with rehabilitation and other options for repaying defaulted student loans. The federal government has an interest in ensuring that the loan rehabilitation process works well given the potential savings from returning defaulted loans to repayment. When Education upgraded its defaulted loan information system in October 2011, there were reports that some loans remained in default after borrowers had made enough payments to rehabilitate the loans, raising questions about Education's ability to manage the loan rehabilitation program. GAO asked Education, Workforce, and Income Security to examine Education's rehabilitation of defaulted student loans. This document reports the testimony of Melissa Emrey-Arras, Director, Education, Workforce, and Income Security. Her remarks address the following two areas: (1) how the upgrade of Education's defaulted loan information system affected loan rehabilitation; and (2) how Education oversees collection agencies in implementing loan rehabilitation. The findings in this report highlight serious weaknesses in Education's management and oversight of the loan rehabilitation process. The substantial delays that many borrowers experienced getting their loans out of default are largely attributable to Education not providing oversight appropriate to the risks associated with the system upgrade. While Education took steps to process the backlog of loans eligible for rehabilitation, it does not have performance data to provide assurance that borrowers are no longer experiencing delays. In addition, Education's oversight of collection agencies provides little assurance that borrowers are provided accurate information about loan rehabilitation. Education has taken some steps to strengthen its oversight in response to Education, Workforce, and Income Security recommendations however, given the preliminary nature of these efforts, it will be important to track how Education builds upon and sustains these actions over time to ensure it is providing appropriate levels of oversight. [Individuals making key contributions to this statement include Debra Prescott, Assistant Director; Kurt Burgeson, Maria Gaona, Amy Moran Lowe, and Jason Palmer.].
Download or read book Federal student loans better oversight could improve defaulted loan rehabilitation written by and published by . This book was released on 2014 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Activities of the Committee on Education and the Workforce Together with Minority Views written by United States. Congress. House. Committee on Education and the Workforce and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Disinherited Majority written by Charles Derber and published by Routledge. This book was released on 2015-11-17 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty's blockbuster 2014 book, Capital in the 21st Century, may prove to be a game-changer, one of those rare books such as Friedan's The Feminine Mystique, which helped spark a new feminist movement. The world-wide flood of commentary suggests Piketty's book has already opened a new conversation not only about inequality, but about class, capitalism and social justice. Inherited wealth is at the heart of Capital in the 21st Century, and Derber shows how the 'disinherited majority' is likely to affect the future. In his new book, Derber shows that there are actually 'two Pikettys' - different voices of the author on the 1%, inheritance, and capitalism itself - that create a fascinating and unacknowledged hidden debate and conversation within the book. Drawing on Piketty's discussion, Derber raises fourteen 'capital questions' - with new perspectives on caste and class warfare, the Great Recession, the decline of the American Dream and the Occupy movement - that can guide a new conversation about the past and future of capitalism. The Disinherited Majority will catalyse a conversation beyond Piketty already emerging in colleges and universities, town halls, coffee shops, workplaces and political parties and social movements; an essential class for all Americans.
Download or read book United States of America Congressional Record written by and published by . This book was released on with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resources in Education written by and published by . This book was released on 1998 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Program Evaluations written by and published by . This book was released on 1984 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Download or read book Departments of Labor Health and Human Services Education and Related Agencies Appropriations for 2016 written by United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies and published by . This book was released on 2015 with total page 1384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Know Your Price written by Andre M. Perry and published by Brookings Institution Press. This book was released on 2020-05-19 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deliberate devaluation of Blacks and their communities has had very real, far-reaching, and negative economic and social effects. An enduring white supremacist myth claims brutal conditions in Black communities are mainly the result of Black people's collective choices and moral failings. “That's just how they are” or “there's really no excuse”: we've all heard those not so subtle digs. But there is nothing wrong with Black people that ending racism can't solve. We haven't known how much the country will gain by properly valuing homes and businesses, family structures, voters, and school districts in Black neighborhoods. And we need to know. Noted educator, journalist, and scholar Andre Perry takes readers on a tour of six Black-majority cities whose assets and strengths are undervalued. Perry begins in his hometown of Wilkinsburg, a small city east of Pittsburgh that, unlike its much larger neighbor, is struggling and failing to attract new jobs and industry. Bringing his own personal story of growing up in Black-majority Wilkinsburg, Perry also spotlights five others where he has deep connections: Detroit, Birmingham, New Orleans, Atlanta, and Washington, D.C. He provides an intimate look at the assets that should be of greater value to residents—and that can be if they demand it. Perry provides a new means of determining the value of Black communities. Rejecting policies shaped by flawed perspectives of the past and present, it gives fresh insights on the historical effects of racism and provides a new value paradigm to limit them in the future. Know Your Price demonstrates the worth of Black people's intrinsic personal strengths, real property, and traditional institutions. These assets are a means of empowerment and, as Perry argues in this provocative and very personal book, are what we need to know and understand to build Black prosperity.
Download or read book Federal Evaluations written by and published by . This book was released on with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
