United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Health, Education, and Human Services Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1997-01-31 monographic deposited born digital 32 p. GA 1.13:HEHS-97-45 https://www.govinfo.gov/app/details/GAOREPORTS-HEHS-97-45 P0b002ee18037b6ee f:he97045 DGPO 2010-08-12 2011-03-24 GAOREPORTS-HEHS-97-45 machine generated eng fdlp REPORT GAOREPORTS-HEHS-97-45 HEHS-97-45 Student loans Colleges/universities Proprietary schools Higher education Loan defaults Government guaranteed loans Direct loans William D. Ford Federal Direct Loan Program Federal Family Education Loan Program Dept. of Education Postsecondary Education Participants System Letter Report HEHS Federal support for student financial aid totaled about $35 billion in fiscal year 1995. Most of this aid--$27 billion--was provided through student loans. Eligible postsecondary institutions can choose to give students access to federally supported loans through either the William D. Ford Federal Direct Loan Program or the Federal Family Education Loan Program. This report provides information on comparative levels of activity in the two programs. Legislation requires the Federal Direct Loan Program to provide five percent of federal student loans during school year 1994-95, increasing to at least 60 percent by school year 1998-99. GAO discusses (1) the number of schools in each program and the distribution of student loans between the two, (2) the loan default rate for schools associated with each program, and (3) the number of schools in each program on a state-by-state basis and among the 100 largest postsecondary schools participating in these federal loan programs. https://www.govinfo.gov/content/pkg/GAOREPORTS-HEHS-97-45/html/GAOREPORTS-HEHS-97-45.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-HEHS-97-45/pdf/GAOREPORTS-HEHS-97-45.pdf GAO/HEHS-97-45 https://www.govinfo.gov/app/details/GAOREPORTS-HEHS-97-45 Letter Report GAO/HEHS-97-45; Student Loans: Selected Characteristics of Schools in Two Major Federal Loan Programs; Student loans Colleges/universities Proprietary schools Higher education Loan defaults Government guaranteed loans Direct loans William D. Ford Federal Direct Loan Program Federal Family Education Loan Program Dept. of Education Postsecondary Education Participants System Public Law 103-66