Student Loans: Default Rates Need To Be Computed More Appropriately

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A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reviewed the Department of Education's method of calculating a school's student loan default rate, focusing on: (1) whether there has been an increase in the number of borrowers who entered repayment but subsequently received deferments or forbearances; (2) what effect would excluding borrowers whose loans were in deferment or forbearance have on the most recent default rate calculation; and (3) whether additional schools would have exceeded the 25-percent default rate threshold under the alternative method of calculating the default rate."

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United States. General Accounting Office. July 28, 1999.

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Description

A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reviewed the Department of Education's method of calculating a school's student loan default rate, focusing on: (1) whether there has been an increase in the number of borrowers who entered repayment but subsequently received deferments or forbearances; (2) what effect would excluding borrowers whose loans were in deferment or forbearance have on the most recent default rate calculation; and (3) whether additional schools would have exceeded the 25-percent default rate threshold under the alternative method of calculating the default rate."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • July 28, 1999

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  • June 11, 2014, 5:03 a.m.

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United States. General Accounting Office. Student Loans: Default Rates Need To Be Computed More Appropriately, report, July 28, 1999; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc291681/: accessed November 16, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.