Stronger Actions Needed to Recover $730 Million in Defaulted National Direct Student Loans PDF Download
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 48
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 48
Get Book Here
Book Description
Author: GENERAL ACCOUNTING OFFICE WASHINGTON DC HUMAN RESOURCES DIV.
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
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Book Description
The National Direct Student Loan program has been plagued by high default rates, resulting in defaulted loans totaling about $730 million. Schools GAO visited made inadequate efforts to collect defaulted loans. Schools need to adopt a tougher attitude toward collecting defaulted loans, and the Department of Education should take stronger actions against those that fail to do so. Schools have forwarded to the Department for collection about 240,000 loans with outstanding balances of $215 million. But various problems have slowed the Department's collection efforts. In recent months, collections have doubled; through March 1981 the Department had collected $5.8 million. The Department plans to contract with private collection agencies for future loan collections. Also, to motivate defaulters to pay their debts, the Department will allow credit bureaus to redisclose student load default data to the general credit industry. (Author).
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721001859
Category :
Languages : en
Pages : 46
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Book Description
Stronger Actions Needed To Recover $730 Million in Defaulted National Direct Student Loans
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Student loans
Languages : en
Pages : 0
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Default (Finance)
Languages : en
Pages : 30
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 544
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Book Description
Catalog of reports, decisions and opinions, testimonies and speeches.
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
Publisher:
ISBN:
Category : Collecting of accounts
Languages : en
Pages : 72
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Book Description
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
Publisher:
ISBN:
Category : Community colleges
Languages : en
Pages : 662
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Collecting of accounts
Languages : en
Pages : 92
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Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 912
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