Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1992
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DUE TO FEDERAL GOVERNMENT GSL seeks collection of loans that have been defaulted. Since the GSL program previously received payment for the defaulted loans from the Department of Education, the amount of the new loan recovery is owed back to the Department of Education. The extent of outstanding claims activity is shown below: Claims due to D.E. $314,429 Reinsurance -3rd and 4th quarters FY92 (note 11) 39,228 Total Due to Federal Government $353,657 6. GUARANTEE FEE REVENUE The Guaranteed Stude...nt Loan Program collects guarantee fees from student borrowers at the time loans are disbursed by the lending institutions. Guarantee fees (3 percent of loans disbursed) are deferred and recognized over an eight year period which approximates the average life of student loans outstanding. Deferred revenue at June 30, 1992 is $4,477,146.
Earned Guaranteed Fee Revenue for fiscal year 1992 is made up of one-eighth of the annual guarantee fees received as follows: Fiscal Year One -eighth of fees 1985 $ 88,707 1986 99,928 1987 86,646 1988 111,856 1989 135,386 1990 166,654 1991 181,017 1992 203,310 $1,073,504 7.
What to read after Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1992?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
DUE TO FEDERAL GOVERNMENT GSL seeks collection of loans that have been defaulted. Since the GSL program previously received payment for the defaulted loans from the Department of Education, the amount of the new loan recovery is owed back to the Department of Education. The extent of outstanding claims activity is shown below: Claims due to D.E. $314,429 Reinsurance -3rd and 4th quarters FY92 (note 11) 39,228 Total Due to Federal Government $353,657 6. GUARANTEE FEE REVENUE The Guaranteed Stude...nt Loan Program collects guarantee fees from student borrowers at the time loans are disbursed by the lending institutions. Guarantee fees (3 percent of loans disbursed) are deferred and recognized over an eight year period which approximates the average life of student loans outstanding. Deferred revenue at June 30, 1992 is $4,477,146.
Earned Guaranteed Fee Revenue for fiscal year 1992 is made up of one-eighth of the annual guarantee fees received as follows: Fiscal Year One -eighth of fees 1985 $ 88,707 1986 99,928 1987 86,646 1988 111,856 1989 135,386 1990 166,654 1991 181,017 1992 203,310 $1,073,504 7.
What to read after Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1992?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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