Management of the Student Aid Delivery System: Hearing of the Committee on Labor and Human Resources, United States Senate, One Hundred Fifth Congress, First Session, on Examining Proposed Legislation Authorizing Funds for Programs of the Higher Education Act, Focusing on Student Aid Delivery Systems, May 15, 1997, Volume 4 |
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administration Advisory Committee aid delivery system applications BLANCHETTE borrowers Boston University BRAR Campus-Based Programs CHAIRMAN Clinger-Cohen Act computer systems CONGRES CONGRESS THE LIBRARY contractor costs database dent Department of Education Department's direct lending Direct Loan Origination direct loan program disbursed electronic Electronic Data Systems FAFSA FDLP Federal Government Federal Pell Grant Federal student aid FFEL program FFELP financial aid programs Flink funds gram GRES GRESS guarantee guaranty agencies HICKS Higher Education Act implementation information systems integrated lenders LIBRA LIBRARY OF CONGRESS Loan Data System loan servicing LONGANECKER look ment million NASSIRIAN National Student Loan NSLDS operations participate percent performance-based private sector problems processing Project EASI RARY reauthorization RESS schools Senator COATS stovepipe systems student aid delivery student aid programs student financial aid Student Loan Data Students and Institutions systems and contracts Thank Title IV programs Tornow
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Page 58 - Education National Association of College and University Business Officers National Association of Independent Colleges and Universities National Association of...
Page 56 - System - supports FDLP loan origination, is used to book loans, supports reconciliation with schools, and receives disbursement information from schools as each loan is disbursed to a recipient. The Direct Loan Origination System is the schools' single point of interface with the FDLP information systems. • Direct Loan Servicing Systems - are used to service FDLP loans while the borrower is in school, in deferment status, or in repayment There is currently one Direct Loan Servicing System, but...
Page 59 - ... difficult to imagine better and more knowledgeable political appointees than the agency currently enjoys. Rather, the problem is that no federal agency has the state of the art privatesector practices that would enable them to manage the effective delivery of a $50 billion financial services program. 22 The processing of student aid by the federal government has not changed qualitatively since the Higher Education Act was passed in 1965. Over that same time period, however, the financial services...
Page 43 - Code, the head of an executive agency shall— (1) establish goals for improving the efficiency and effectiveness of agency operations and, as appropriate, the delivery of services to the public through the effective use of information technology...
Page 41 - ... (3) promoting the effective and efficient design and operation of all major information resources management processes for the executive agency, including improvements to work processes of the executive agency.
Page 9 - NSLDS prescreening data matches alone have identified approximately 125,000 prior defaulters among students applying for additional financial aid, possibly preventing as much as $310 million in future defaults and denying about $75 million in Pell Grants to ineligible students. * Project EASI (Easy Access for Students and Institutions...
Page 41 - In 1990, we began a special effort to review and report on the federal program areas that we identified as high risk because of vulnerabilities to waste, fraud, abuse, and mismanagement.
Page 74 - Mr. Chairman, I thank you for your consideration and look forward to hearing the witnesses. Senator COCHRAN. Thank you very much for being here. 'Thi
Page 52 - Introduction Mr. Chairman, my name is Barmak Nassirian, and I am Director of Policy Analysis at the American Association of State Colleges and Universities (AASCU). AASCU represents more than 400 campuses and systems of higher education throughout the United States. Annually. AASCU institutions enroll more than three million students and award one-third of all baccalaureates conferred in the United States. I thank you for the opportunity to testify before the Subcommittee as it continues its deliberations...
Page 41 - My comments are based on our previous work and on other published and ongoing research. (See the list of related GAO products at the end of this statement) In...