Guaranteed Student Loan Program: Hearings Before the Permanent Subcommittee on Investigations of the Committee on Government Operations, United States Senate, Ninety-fourth Congress, First Session ....U.S. Government Printing Office, 1976 |
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Page 8
... lenders may charge is 7 percent . The Federal Government pays lenders a special allowance of up to 3 percent a year on the average quarterly unpaid principal balance to provide an equitable yield to the lenders . The repayment period ...
... lenders may charge is 7 percent . The Federal Government pays lenders a special allowance of up to 3 percent a year on the average quarterly unpaid principal balance to provide an equitable yield to the lenders . The repayment period ...
Page 9
... lenders . LENDER ELIGIBILITY The Office of Education approves lenders for participation in the direct federally insured component . It has designated banks , savings and loan associations , credit unions , and similar institutions that ...
... lenders . LENDER ELIGIBILITY The Office of Education approves lenders for participation in the direct federally insured component . It has designated banks , savings and loan associations , credit unions , and similar institutions that ...
Page 12
... lender . Under the Federal program , the application is then forwarded to HEW which has two contractors that process the ... lenders are eligible to participate in the program , ( 2 ) loan amounts do not exceed $ 2.500 annually , and ( 3 ) ...
... lender . Under the Federal program , the application is then forwarded to HEW which has two contractors that process the ... lenders are eligible to participate in the program , ( 2 ) loan amounts do not exceed $ 2.500 annually , and ( 3 ) ...
Page 13
... lenders are notified of approval or disapproval . If approved , the borrower must execute a promissory note before the lender can disburse funds . The note is to be signed by the student without a cosigner unless individual State laws ...
... lenders are notified of approval or disapproval . If approved , the borrower must execute a promissory note before the lender can disburse funds . The note is to be signed by the student without a cosigner unless individual State laws ...
Page 14
... lenders have contributed to the problem in a manner that is dis- proportionate to their loan volume . He stated that educational institutions acting as lenders are the worst and that the delinquency rate on loans made by proprietary ...
... lenders have contributed to the problem in a manner that is dis- proportionate to their loan volume . He stated that educational institutions acting as lenders are the worst and that the delinquency rate on loans made by proprietary ...
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Common terms and phrases
accrediting agencies Alexander Grant amount Angeles application attorney audit Automation Institute bank billing borrower BOUXSEIN Carman Chairman collection committee CONGRESS DAMERON decline to answer default claims DUFFY educational institution eligibility exhibit federally insured student FELDMAN fifth amendment files fiscal Fisher FISL Fred Peters funds going Grant & Co Group II Equities Guaranteed Student Loan Higher Education Hoffe insured loans Insured Student Loan interest investigation June June 11 legislation lenders letter Los Angeles ment million November 18 Office of Education Office of Guaranteed operation paid participate payment percent PONCE problems procedures proprietary schools question received records refund regional office regulations repayment request responsibility Sam Nunn San Francisco SCHOESSNER Senator NUNN Senator PERCY special allowance staff statement student financial aid student loan program testimony tion U.S. Senate WALSH West Coast Schools
Popular passages
Page 480 - Nothing contained in this Act shall be construed to authorize any department, agency, officer, or employee of the United States to exercise any direction, supervision, or control over the curriculum, program of instruction, administration, or personnel of any educational institution or school system...
Page 531 - LEGAL POWERS AND RESPONSIBILITIES SEC. 432. (a) In the performance of, and with respect to, the functions, powers, and duties...
Page 531 - (1) prescribe such regulations as may be necessary to carry out the purposes of this part; "(2) sue and be sued in any court of record of a State having general jurisdiction or in any district court of the United States, and such district courts shall have jurisdiction of civil actions arising under this...
Page 274 - Education shall publish a list of nationally recognized accrediting agencies and associations which he determines to be reliable authority as to the quality of training offered by an educational institution...
Page 531 - Commerce may sue and be sued in any court of record of a State having general jurisdiction or in any United States district court, and jurisdiction is conferred upon such district court to determine such controversies without regard to the amount in controversy; but no attachment, injunction, garnishment, or other similar process, mesne or final, shall be issued against him or his property.
Page 529 - There are additional examples in two reports by the Permanent Subcommittee on Investigations of the Senate Committee on Government Operations.
Page 532 - Administrator, notwithstanding the provisions of any other law, shall — (1) prepare annually and submit a budget program as provided for wholly owned Government corporations by the Government Corporation Control Act...
Page 97 - On this day of , 19 , before me, the undersigned, a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared known to me...
Page 377 - State, which (1) admits as regular students only persons who have completed or left elementary or secondary school and who have the ability to benefit from the training offered by such institution; (2) is legally authorized to provide, and provides within that State, a program of postsecondary vocational or technical education designed to fit individuals for useful employment in recognized occupations...
Page 532 - ... (7) obtain insurance against loss in connection with property and other assets held; (8) subject to the specific limitations in this title, consent to the modification, with respect to rate of interest, time of payment of any installment of principal or interest, security...