Federal Student Loans: Education Department Could Improve Direct Loan Program Customer Service and Oversight

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By Melissa Emrey-Arras (au)
Year: 2016
Pages: 42
Binding Paperback
ISBN 978-1-4578-6439-1

Product Code: 1457864398

Description

The Department of Education (Education) issued almost $96 billion in Direct Loans for higher education to 9.1 million borrowers during FY 2015. Education contracts with and monitors the performance of servicers that handle billing and other services for borrowers. This report examined Educationäó»s management of the Direct Loan program. It addresses (1) the type of Direct Loan information that Education and servicers provide to borrowers, and how accessible it is; and (2) the extent to which Education oversees servicers to manage the Direct Loan program. Includes recommendations. Table and figure. This is a print on demand report.

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