Download or read book Student loan programs as federal costs of loan consolidation rise other options should be examined written by and published by DIANE Publishing. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-20 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Student Loan Programs: As Federal Costs of Loan Consolidation Rise, Other Options Should Be Examined
Download or read book Student Loan Programs written by and published by . This book was released on 2003 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student Loan Programs written by United States. General Accounting Office and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student Loan Programs written by General Accounting Office, Washington, DC. and published by . This book was released on 2004 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This statement focuses on issues related to consolidation loans and their cost implications for taxpayers and borrowers. Consolidation loans, available under the Department of Education?s (Education's) two major student loan programs?the Federal Family Education Loan Program (FFELP) and the William D. Ford Direct Loan Program (FDLP)?help borrowers manage their student loan debts. By combining multiple loans into one loan and extending the repayment period, a consolidation loan reduces monthly repayments, which may lower default risk and, thereby, reduce federal costs of loan defaults. This testimony focuses on the following: (1) recent changes in interest rates and consolidation loan volume, and (2) how these changes have affected federal costs for FFELP and FDLP consolidation loans. Comments are based on findings from an October 2003 report entitled ?Student Loan Programs: As Federal Costs of Loan Consolidation Rise, Other Options Should be Examined? (GAO-04-101). Those findings were based on review and analysis of data from officials from Education?s Office of Federal Student Aid and Budget Service and representatives of FFELP lenders; a sample of student loan data extracted from Education?s National Student Loan Data System; relevant cost analyses prepared by Education; and statutory, regulatory, and other published information. For this testimony, numbers were updated to reflect recent estimates by the Department of Education. Overall, recent years have seen a drop in interest rates for student loan borrowers along with dramatic overall growth in consolidation loan volume (due in part to declining interest rates that have made it attractive for many borrowers to consolidate their variable rate student loans at a low, fixed rate). Recent trends in interest rates and consolidation loan volume have affected the cost of the FFELP and FDLP consolidation loan programs in different ways, but in the aggregate, estimated subsidy and administration costs hav.
Download or read book Fiscal Responsibility and Federal Consolidation Loans written by United States. Congress. House. Committee on Education and the Workforce and published by . This book was released on 2004 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Student Loans written by Cornelia M. Ashby and published by DIANE Publishing. This book was released on 2006-03 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In FY 2004, the fed. gov't. made or guaranteed $84 billion in loans for post-secondary ed. through 2 loan programs -- the Fed. Family Ed. Loan Program (FFELP) & the Fed. Direct Loan Program (FDLP). Under FFELP, private lenders fund the loans & the gov't. guarantees them a minimum yield & repayment if borrowers default. When the interest rate paid by borrowers is lower than the guaranteed minimum yield, the gov't. pays lenders special allowance payments (SAP). Under FDLP, the U.S. Treasury funds the loans that are originated through participating schools. Under the Fed. Credit Reform Act (FCRA) of 1990 the gov't. calculates the net cost of extending or guaranteeing credit over the life of a loan, called a subsidy cost. Agencies generally update, or re-estimate, subsidy costs annually to include actual program results & adjust future program estimates. This report examined: (1) whether re-estimated subsidy costs have differed from original estimates for FFELP & FDLP loans disbursed in FY 1994 through 2004; (2) what factors explain changes between re-estimated & original subsidy rates -- that is subsidy cost estimates per $100 disbursed; & (3) which fed. costs & revenues associated with the student loan programs are not included in subsidy cost estimates. Charts & tables.
Download or read book Costs and Policy Options for Federal Student Loan Programs written by Deborah Lucas and published by DIANE Publishing. This book was released on 2010-08 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Cost of the Consolidation Option for Student Loans written by and published by . This book was released on 2006 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student consolidation loans further analysis could lead to enhanced default assumptions for budgetary cost estimates report to the Chairman Committee on the Budget House of Representatives written by and published by DIANE Publishing. This book was released on with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student Consolidation Loans written by Cornelia M. Ashby and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigated: (1) differences between the Federal Family Education Loan Program (FFELP) and William D. Ford Federal Direct Loan Program (FDLP) consolidation loans and borrowers; (2) the extent to which borrowers with student loans under one program obtain consolidation loans under the other; and (3) how FFELP and FDLP borrower and loan characteristics and the movement of loans between the two programs are incorporated into the Department of Education's (Education's) budgetary cost estimates for consolidation loans. Researchers analyzed a representative sample of borrowers from Education's National Student Loan Data System who originated consolidation loans from 1995-June 2003. On average, FFELP consolidation loan borrowers had higher levels of consolidation loan debt than did FDLP consolidation loan borrowers, were more likely to have attended a four-year versus two-year or proprietary school, and were less likely to default on a student loan prior to consolidation. In both groups, those who had defaulted prior to consolidation were more likely to default on their consolidation loan than were those who did not default prior to consolidation. From 1998-2002, an increasing share of both FFELP and FDLP underlying loan volume was consolidated into FFELP, while a decreasing share was consolidated into FDLP. Defaulted loans overall were much more likely to be consolidated into FDLP. Education incorporates borrower and loan characteristics and movement of loans between programs into its budgetary cost estimates by grouping loans with similar characteristics into risk categories, forecasting loan volume for each risk category, and applying various assumptions to each risk category based on historical and other economic data. It incorporates borrower default history into its cost estimates by grouping consolidation loans with underlying defaulted loans in a risk category and applying higher default rate assumptions to loans in this category. Education has notes based on type of school attended. Comments from Education are appended.
Download or read book Federal Student Loans written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-05 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: As of September 2014, outstanding federal student loan debt exceeded $1 trillion, and about 14 percent of borrowers had defaulted on their loans within 3 years of entering repayment, according to Education data. GAO was asked to review options intended to help borrowers repay their loans. For Direct Loan borrowers GAO examined: (1) how participation in Income-Based Repayment and Pay As You Earn compares to eligibility, and to what extent Education has taken steps to increase awareness of these plans, and (2) what is known about Public Service Loan Forgiveness certification and eligibility, and to what extent Education has taken steps to increase awareness of this program. GAO reviewed relevant federal laws, regulations, and guidance; September 2014 data from Education and its loan servicer for Public Service Loan Forgiveness; Treasury's eligibility estimates; and 2012 employment data (most recent available) from the Bureau of Labor Statistics. GAO also interviewed officials from three loan servicers that service about half of Education's loan recipients.
Download or read book Federal student loans challenges in estimating federal subsidy costs report to congressional committees written by and published by DIANE Publishing. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student Consolidation Loans written by United States. Government Accountability Office and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Responsibility and Federal Consolidation Loans written by United States. Congress. House. Committee on Education and the Workforce and published by . This book was released on 2004 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Guaranteed Student Loan Program written by College Entrance Examination Board and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Student aid and postsecondary tax preferences limited research exists on effectiveness of tools to assist students and families through Title IV student aid and tax preferences report to the Committee on Finance U S Senate written by and published by DIANE Publishing. This book was released on 2005 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
