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Federal Student Loans: Program Data and Default Statistics (CRS Report for Congress)

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Release Date Sept. 23, 2002
Report Number RL30048
Report Type Report
Authors Adam Stoll, Domestic Social Policy Division
Source Agency Congressional Research Service
Summary:

Title IV of the Higher Education Act (HEA) authorizes the Federal Family Education Loan programs and the Federal Direct Student Loan programs, which are the largest source of aid for students to attend postsecondary education. This report provides a description of the terms and conditions of these loans, reflecting 1998 HEA amendments made by P.L. 105-244; presents program data on recipients, loan volume and costs; and statistics on loan default rates and trends.