Department of Education: Status of Actions to Improve the Management of Student Financial Aid
DIANE Publishing, 1996 - 108 pages
Over the last five years, both Congress and the Dept. of Education's Inspector General have made 205 recommendations related to fraud and abuse in student aid programs, and for-profit trade schools alleged fraud and abuse under the Pell Grant and Federal Family Education Loan Programs. These two programs provided 10 million loans totaling nearly $29 billion. This report determines the status of the Education Dept's. actions in response to various governmental recommendations, and the reasons the Dept. gave for not acting on some recommendations.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
205 recommendations accrediting agencies action addressed action for previous action generally addressed Actions on GAO Actions on OIG Actions on PSI address recommendation addressed th addressed the recommendation agencies and lenders Complete gao's conclusion Complete oig's conclusion Complete psi's conclusion compliance conclusion about status default rate Department disagreed Department of Education developed disbursement documentation ensure established excess cash Family Education Loan Federal Family Education federal student aid ffelp Financial Audit foreign medical schools fprdl funds GAO Recommendations glos gslb Guaranteed Student Loan guaranty agencies identify implemented improve institutional review ipos issued OIG Recommendations oig's participating Pell Grants performance program review guide progress gao's conclusion progress oig's conclusion proprietary schools PSI Recommendations recommendation's status Recommendations Department action Recommendations oig's conclusion regional irb regulations require sfap staff standards status of action student aid programs student financial aid Student Financial Assistance taken oig's conclusion Yes Recommendation Yes Status
Page 1 - Ranking Minority Member Permanent Subcommittee on Investigations Committee on Governmental Affairs United States Senate Dear...
Page 2 - We conducted our work from October 1995 to June 1996 in accordance with generally accepted government auditing standards.
Page 101 - A-123, Internal Control Systems; A-127, Financial Management Systems; and A-130, Management of Federal Information Resources.
Page 92 - Student Loans: Millions Loaned Inappropriately to US Nationals at Foreign Medical Schools (GAO/HEHS-94-28, Jan.
Page 102 - Department needs to continue its plans for (1) revising the role of guaranty agencies and the manner in which they are compensated...
Page 7 - Student Loans: Direct Loans Could Save Billions in First 5 Years With Proper Implementation...
Page 106 - If you have any questions regarding our comments, please feel free to contact me or my staff.
Page 68 - ... billions of dollars in SFA funds invested in vocational training. Specifically, our 1993 report recommended that labor market needs and the performance of schools in graduating and placing their students be considered in SFA funding for vocational training. We also recommended that the department take the lead in convening an interagency task force to study different funding approaches for vocational training.