Direct Student Loans : Additional Steps Would Increase Borrowers' Awareness of Electronic Debiting and Reduce Federal Administrative Costs. Report to the Honorable James M. Jeffords, U.S. Senate / Cornelia M. Ashby.

In November 1999, the U.S. Department of Education began offering a 0.25% interest rate reduction to borrowers under the Direct Loan program who agree to have their monthly loan payments automatically withdrawn from a bank account through its electronic debit account (EDA) program. The Department of...

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Bibliographic Details
Main Author: Ashby, Cornelia M.
Corporate Author: United States. General Accounting Office
Language:English
Published: [Place of publication not identified] : Distributed by ERIC Clearinghouse, 2002.
Subjects:
Administration.
Costs.
Debt (Financial)
Educational Finance.
Higher Education.
Loan Repayment.
Paying for College.
Student Loan Programs.
Electronic Funds Transfer
Direct Lending
Legal/Legislative/Regulatory Materials.
Reports, Evaluative.
Genre:
Legal/Legislative/Regulatory Materials.
Reports, Evaluative.
Physical Description:20 pages
Format: Microfilm Book

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