Guaranteed Student Loans: Analysis of Insurance Premiums Charged by Guaranty Agencies. Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives.

Institution	Comptroller General of the U.S., Washington, DC.
Titel	Guaranteed Student Loans: Analysis of Insurance Premiums Charged by Guaranty Agencies. Briefing Report to the Chairman, Subcommittee on Postsecondary Education, Committee on Education and Labor, House of Representatives.
Quelle	(1987), (32 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Quantitative Daten; College Students; Credit (Finance); Financial Services; Higher Education; Income; Interest (Finance); Loan Repayment; Program Administration; Program Costs; Student Loan Programs + Suchen Sie Ihr Suchwort? Collegestudent; Credit; Kredit; Hochschulbildung; Hochschulsystem; Hochschulwesen; Einkommen; Zins
Abstract	The insurance premium rates that guaranty agencies charge student borrowers under the Guaranteed Student Loan program were analyzed by the U.S. General Accounting Office. The Higher Education Amendments of 1986 established a maximum rate (3% of the principal loan amount) that all agencies could charge student borrowers. Comparisons were made of the insurance rates charged by 17 guaranty agencies, including the Higher Education Assistance Foundation, the designated guarantor for five states and the District of Columbia. Data were obtained from the Department of Education, including financial reports submitted for fiscal year (FY) 1986. Using the agencies' financial reports, insurance rates were determined for FY 1986 and the insurance income they could have earned in 1986 were estimated if their July 1, 1987 rates had been in effect in that year. Estimations were also made of: the total income that the agencies could have earned in 1986 if they had charged the maximum rate of 3%, and the administrative cost subsidy these agencies receive from the Department of Education. Findings include: effective insurance rates ranged from 0.64% to 2.87%; 10 of the 17 agencies lowered their effective insurance rates as of July 1, 1987, while 7 increased their rates. (SW)
Anmerkungen	U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20877 (first 5 copies free; additional copies $2.00 each; 25% discount for 100 or more copies mailed to a single address).
Erfasst von	ERIC (Education Resources Information Center), Washington, DC