Defaulted Student Loans: Guaranty Agencies' Collection Practices and Procedures: Hrd-86-114br

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Pursuant to a congressional request, GAO reviewed the methods used by the Department of Education and state or nonprofit loan guaranty agencies to collect defaulted student loans. GAO found that: (1) guaranty agencies provide preclaims assistance to lenders, process lenders' claims, collect loans, prepare forms for Education, and perform litigation of defaulters; (2) guaranty agencies' standard procedures for collecting defaulted student loans were less stringent than Education regulations; (3) agencies differed in how ...

Defaulted Student Loans: Guaranty Agencies' Collection Practices and Procedures: Hrd-86-114br 2013, Bibliogov

ISBN-13: 9781289116477

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