Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1998
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In our eReader you can find the full English version of the book. Read Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1998 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1998
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During fiscal year 1998 AEA payments totaled $750,254, which Page A-8 includes $109,834 accrued for loan guarantee expense reimbursennents which were not received until after June 30, 1998.
10. COLLECTION COSTS RETAINED MGSLP pursues collection, from the borrower or other responsible party, of defaulted loans held by the agency. The U.S. Secretary of Education is entitled to his equitable share of any recoveries, as determined by the rate of reinsurance on the defaulted loans less an allowance ...for collection cost reimbursement. The Omnibus Budget Reconciliation Act of 1993 established the agency's collection cost retention rate at 27%. In addition, the Secretary provides the agency with collection costs amounting to 18.5% of the outstanding balance of any defaulted loan held by the agency which is consolidated by the borrower into a Federal Direct Consolidation Loan (See Note 14). During fiscal year 1998 MGSLP retained $1,771,939 in collection costs from loan recoveries and direct loan consolidations.
What to read after Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1998?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
During fiscal year 1998 AEA payments totaled $750,254, which Page A-8 includes $109,834 accrued for loan guarantee expense reimbursennents which were not received until after June 30, 1998.
10. COLLECTION COSTS RETAINED MGSLP pursues collection, from the borrower or other responsible party, of defaulted loans held by the agency. The U.S. Secretary of Education is entitled to his equitable share of any recoveries, as determined by the rate of reinsurance on the defaulted loans less an allowance ...for collection cost reimbursement. The Omnibus Budget Reconciliation Act of 1993 established the agency's collection cost retention rate at 27%. In addition, the Secretary provides the agency with collection costs amounting to 18.5% of the outstanding balance of any defaulted loan held by the agency which is consolidated by the borrower into a Federal Direct Consolidation Loan (See Note 14). During fiscal year 1998 MGSLP retained $1,771,939 in collection costs from loan recoveries and direct loan consolidations.
What to read after Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1998?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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