Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Direct Student Loans: Legality of Regulations Authorizing Origination Fee Reduction

  Premium   Download PDF Now (5 pages)
Report Type Reports and Testimonies
Report Date Sept. 29, 1999
Report No. B-283717
Subject
Summary:

GAO commented on the legality of recent regulations authorizing the reduction of the origination fee charged in the William D. Ford Federal Direct Student Loan Program. In GAO's view, the regulations conflict with a statutory requirement that the Department of Education charge a 4 percent origination fee for loans made under the Direct Loan Program.

« Return to search Government Accountability Office reports