Improving Oversight of Federal Student Aid Programs
Concerns have surfaced over the Department of Education’s role in overseeing lenders and schools that participate in the largest of the federal government’s student loan programs, the Federal Family Education Loan Program, through which $51 billion in new student loans was dispersed in fiscal year 2007. Some of the practices of these schools and lenders may have resulted in students and parents paying unnecessarily high interest rates on loans because of improper lender activities.
Highlights of GAO-07-750 (PDF), Highlights of GAO-07-1087 (PDF)
^ Back to topKey Reports
- Federal Family Education Loan Program: Increased Department of Education Oversight of Lender and School Activities Needed to Help Ensure Program Compliance
- GAO-07-750, July 31, 2007
- Summary (HTML) Highlights Page (PDF) Full Report (PDF, 54 pages) Accessible Text Recommendations (HTML)
- Federal Family Education Loan Program: Eliminating the Exceptional Performer Designation Would Result in Substantial Savings without Adversely Affecting the Loan Program
- GAO-07-1087, July 26, 2007
- Summary (HTML) Full Report (PDF, 27 pages) Accessible Text
