|
Record Details
|
Full-Text Availability Options:
 ERIC
Full Text (2360K)
|
|
Related Items: Show Related Items
|
| Click on any of the
links below to perform a new search |
| ERIC #: | ED332631 |
| Title: | Abuses in Federal Student Aid Programs. Report Made by the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs United States Senate. |
| Authors: | N/A |
| Descriptors: | Accreditation (Institutions); Administrative Problems; Federal Aid; Federal Programs; Financial Aid Applicants; Fraud; Government Role; Hearings; Income; Loan Repayment; Postsecondary Education; Student Loan Programs |
| Source: | N/A |
More Info:
 Help
Peer-Reviewed:
|
N/A |
| Publisher: | N/A |
| Publication Date: | 1991-00-00 |
| Pages: | 44 |
| Pub Types: | Legal/Legislative/Regulatory Materials |
| Abstract: | This report on abuses in federal student aid programs, particularly the Guaranteed Student Loan Program (GSLP), is based on information gathered by the Senate Permanent Subcommittee on Investigations in the course of its overall investigation and the testimony and exhibits received during the course of hearings held between February and October, 1990. The hearings, taking place over 8 days, involving nearly 50 witnesses, and dealing with the overall GSLP status, were organized around case studies, specifically: The American Career Training Corporation of Pompano Beach, Florida; The Culinary School of Washington, D.C.; and the collapse of the First Independent Trust Company of Sacramento, California. This investigation was prompted by a large volume increase in the program, a dramatic increase in loan defaults, and reports of waste, fraud and abuse within the GSLP. In four sections the following topics are addressed: the nature and extent of the program (GSLP growth, business over education, industry profits, problem schools, students as victims); the existence of serious problems at all levels (school practices, state licensure, accreditation, financial players); the dismal record of the U.S. Department of Education (failures to monitor eligibility and certification, accrediting agency recognition, financial player regulation/oversight, administration/management, enforcement). A final section offers findings, conclusions, and recommendations. (JB) |
| Abstractor: | N/A |
| Reference Count: | N/A |
|
| Note: | N/A |
| Identifiers: | Department of Education; Guaranteed Student Loan Program |
| Record Type: | Non-Journal |
| Level: | 1 - Available on microfiche |
| Institutions: | Congress of the U.S., Washington, DC. Senate Committee on Governmental Affairs. |
| Sponsors: | N/A |
| ISBN: | N/A |
| ISSN: | N/A |
| Audiences: | N/A |
| Languages: | English |
| Education Level: | Postsecondary Education |
|
|
|
|
Help
Help With This Page
