Pell grants totaled $4.7 billion in 1992-93, while federally guaranteed student loans came to $17.4 billion.
The insidious nature of expanding federal aid can be seen in a very important change regarding federally guaranteed student loans that is almost certain to occur this summer.
More recently, legislation was passed in which intermediary financial institutions are phased out of lending federally guaranteed student loans. This second reform should not only reduce the cost of the program by eliminating the.
"An Analysis of the Probability of Default on Federally Guaranteed Student Loans," Review of Economics and Statistics, 74(3): 404-411.
The agency was authorized to buy
federally guaranteed student loans from lenders who can't find an investor to buy their loans.
The federal government needs to ensure that agencies that issue
federally guaranteed student loans have ready access to the necessary funds.
Both
federally guaranteed student loans and higher-priced private loans are being affected.
The company offers
federally guaranteed student loans and private and consolidation loans through its family of brands, including Student Loan Funding, Academic Management Services, Nellie Mae and the Sallie Mae Education Trust.
Under a proposal that has the support of the Bush administration, Republican leaders in the House and a few wrongheaded Democrats are urging that
federally guaranteed student loans be consolidated only on a variable rate basis in the future.
BOSTON - The Massachusetts Educational Financing Authority is suspending all
federally guaranteed student loans effective July 1.
The government is seeking reimbursement of money it says Wolf received from Pell Grants, federal work-study programs, campus work-study programs and
federally guaranteed student loans.