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Department of Education: Guaranteed Student Loan Program Vulnerabilities

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Report Type Reports and Testimonies
Report Date Nov. 21, 2002
Report No. GAO-03-268R
Subject
Summary:

Congress requested that GAO investigate weaknesses in the Department of Education's administration of student loans for postsecondary education under the Federal Family Education Loan (FFEL) Program. As a result of the undercover investigation, GAO exposed vulnerabilities in the administration of the FFEL Program. GAO set up a fictitious school and sought and obtained approval for student loans totaling $55,500 on behalf of three fictitious students purportedly attending the school.

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