Guaranteed Student Loan


Also found in: Acronyms.

Guaranteed Student Loan

A student loan on which repayment is guaranteed by a third party, especially the U.S. federal government. A student loan is financing used to pay for one's education, especially at the postsecondary or technical level. Because these loans do not purchase any asset to offer as collateral, they are high risk. However, a guaranteed student loan reduces the risk by promising that the third party will repay if the student defaults. Examples of federally guaranteed student loans in the United States include the Stafford loan and the PLUS loan.
References in periodicals archive ?
An Analysis of the Guaranteed Student Loan Program.
Discrimination in mortgage lending: the impact on minority defaults in the Stafford Loan program
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.
Analyzing postsecondary returns: does educational loan default play a role?
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.
Private in name only: lessons from the defunct guaranteed student loan program
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.
Proprietary schools and their students
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.
USA Group: the giant in education loans doesn't behave like a not-for-profit
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.
Despite Scrutiny, Perry Gives Two Donors Plum Posts
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.
Indiana looks to boost aid to older students
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.
Do Loans Increase College Access and Choice? Examining the Introduction of Universal Student Loans. Working Paper 07-1
Stafford Student Loan (formerly the Guaranteed Student Loan program, GSL).
Boost your skills: B.E.'s guide to the nation's best mid-career executive training programs
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 Corp.
BUSINESS PEOPLE
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.
Straight Talk on Student Loans. PPI Policy Brief
Net loans at December 31, 2015 reflected an anticipated decline of $14.5 million in guaranteed student loan balances from December 31, 2014.
Xenith Bankshares, Inc. Reports 2015 Results, $1 Billion in Assets
Financial browser ?
Full browser ?