An Analysis of the Guaranteed Student Loan
The second regression contains all the schooling variables, including a dummy variable indicating whether the student had defaulted on his or her guaranteed student loan
, as well as the same employment, and demographic and family background variables that appear in the first specification.
About the time lawmakers started trimming subsidies to lenders and guaranty agencies in the guaranteed student loan
program, they also started exploring an alternative to this costly third-party approach.
Proprietary school students were more likely than other students to receive a Guaranteed Student Loan
and no other federal aid -- more than 25 percent received just a GSL.
The federal government gave states the option of managing their own guaranteed student loan
programs, having the federal government do it, or having USA Funds do it.
Wilson, who has given almost $20,000 to the governor's state campaigns, was previously appointed to the Texas Guaranteed Student Loan
Corporation by Perry in 2009.
After his first quest for financial aid ended with nothing but a guaranteed student loan
, the Fort Wayne native, who served in the Army right after high school, qualified for a federal Pell Grant for his second year.
As a result, since the introduction of the Guaranteed Student Loan
program in 1965 and the Pell Grant in 1972, the federal government has experimented with using financial aid to increase college access, choice, and affordability.
Stafford Student Loan (formerly the Guaranteed Student Loan
Bray has more than 14 years of student loan industry experience including vice president/team leader for the student banking group at Bank of America and business integration team leader for Texas Guaranteed Student Loan
Bush's latest budget tells Congress that the guaranteed student loan
program is structurally flawed, with "unnecessary subsidies" and "inefficiencies." The president's budget concludes: "Significantly lower Direct Loan subsidy rates call into question the cost effectiveness of the [guaranteed student loan] program structure, including the appropriate level of lender subsidies." As analysts from across the political spectrum have pointed out, the money that would be saved by reforming the student loan program could be used to help more students.
Net loans at December 31, 2015 reflected an anticipated decline of $14.5 million in guaranteed student loan
balances from December 31, 2014.