Oversight On Student Loan Collections
DOWNLOAD
Download Oversight On Student Loan Collections PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Oversight On Student Loan Collections book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Oversight On Student Loan Collections
DOWNLOAD
Author : United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
language : en
Publisher:
Release Date : 1982
Oversight On Student Loan Collections written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Collecting of accounts categories.
Oversight On Student Loan Collections
DOWNLOAD
Author : United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
language : en
Publisher:
Release Date : 1983
Oversight On Student Loan Collections written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Collecting of accounts categories.
Federal Student Loans
DOWNLOAD
Author : Melissa Emrey-Arras
language : en
Publisher:
Release Date : 2014-04-25
Federal Student Loans written by Melissa Emrey-Arras and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-25 with categories.
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.
Federal Student Loans Better Oversight Could Improve Defaulted Loan Rehabilitation
DOWNLOAD
Author : U.s. Government Accountability Office
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-07-27
Federal Student Loans Better Oversight Could Improve Defaulted Loan Rehabilitation written by U.s. Government Accountability Office and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-27 with categories.
" 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. "
Federal Student Loans Better Oversight Could Improve Defaulted Loan Rehabilitation
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2014
Federal Student Loans Better Oversight Could Improve Defaulted Loan Rehabilitation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Consumer finance companies categories.
Oversight On Student Loan Collections
DOWNLOAD
Author : United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
language : en
Publisher:
Release Date : 1983
Oversight On Student Loan Collections written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Collecting of accounts categories.
Federal Student Loans
DOWNLOAD
Author : Melissa Emrey-Arras
language : en
Publisher:
Release Date : 2014
Federal Student Loans written by Melissa Emrey-Arras and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
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.].
Oversight Of The Direct Student Loan Program
DOWNLOAD
Author : United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Education, Arts, and Humanities
language : en
Publisher:
Release Date : 1995
Oversight Of The Direct Student Loan Program written by United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Education, Arts, and Humanities and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Education categories.
Federal Student Loans
DOWNLOAD
Author : United States Government Accountability Office
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-12-16
Federal Student Loans written by United States Government Accountability Office and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-16 with categories.
Federal Student Loans: Better Oversight Could Improve Defaulted Loan Rehabilitation
Oversight On National Direct Student Loan Program Regulations
DOWNLOAD
Author : United States. Congress. House. Committee on Education andLabor. Subcommittee on Postsecondary Education
language : en
Publisher:
Release Date : 1983
Oversight On National Direct Student Loan Program Regulations written by United States. Congress. House. Committee on Education andLabor. Subcommittee on Postsecondary Education and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Default (Finance) categories.