Federal Student Loans : Oversight of Defaulted Loan Rehabilitation Needs Strengthening. Testimony before the Subcommittee on Higher Education and Workforce Training, Committee on Education and the Workforce, House of Representatives. GAO-14-426T / Melissa Emrey-Arras.

As of September 2013 about $94 billion--over 11 percent of federal student loan volume in repayment--was in default. Loan rehabilitation allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Department of Education (Education)...

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Bibliographic Details

Online Access:	Full Text (via ERIC)
Main Author:	Emrey-Arras, Melissa
Corporate Author:	United States. Government Accountability Office
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : Distributed by ERIC Clearinghouse, 2014.
Subjects:	Federal Aid. Student Loan Programs. Student Financial Aid. Loan Default. Loan Repayment. Credit (Finance) Federal Government. Public Agencies. Financial Services. Accountability. Planning. Program Administration. Hearings.