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Annotated Bibliography

Author(s):Government Accountability Office (GAO)
Title:Stronger department of education oversight needed to help ensure only eligible students receive federal student aid
Organization:Government Accountability Office (GAO)
Short Description:For-profit schools–also known as proprietary schools–received over $16 billion in federal loans, grants, and campus-based aid under Title IV of the Higher Education Act in 2007/08. GAO was asked to determine (1) how the student loan default profile of proprietary schools compares with that of other types of schools and (2) the extent to which Education’s policies and procedures for monitoring student eligibility requirements for federal aid at proprietary schools protect students and the investment of Title IV funds.
Annotation:For-profit schools–also known as proprietary schools–received over $16 billion in federal loans, grants, and campus-based aid under Title IV of the Higher Education Act in 2007/08. GAO was asked to determine (1) how the student loan default profile of proprietary schools compares with that of other types of schools and (2) the extent to which Education’s policies and procedures for monitoring student eligibility requirements for federal aid at proprietary schools protect students and the investment of Title IV funds. To address these objectives, GAO analyzed data and records from Education, examined Education’s policies and procedures, reviewed relevant research studies, conducted site visits and undercover investigations at proprietary schools, and interviewed officials from Education, higher education associations, and state oversight agencies.
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Associated Keywords:
Borrowing/Student Debt
National Perspectives
Private Colleges

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