Department of Education: Status of Actions to Improve the Management of Student Financial Aid

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DIANE Publishing, 1996 - 108 pages
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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.

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Page 1 - Ranking Minority Member Permanent Subcommittee on Investigations Committee on Governmental Affairs United States Senate Dear...
Page 108 - Student Financial Aid: Data Not Fully Utilized to Identify Inappropriately Awarded Loans and Grants (GAO/HEHS-95-89, July 11, 1995).
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.
Page 104 - Carlotta C. Joyner, Director Education and Employment Issues United States General Accounting Office Washington, DC 20548 Dear Ms. Joyner...

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