Oversight of the Direct Student Loan Program Hearing Before the Subcommittee O

Cover Oversight of the Direct Student Loan Program Hearing Before the Subcommittee O
Oversight of the Direct Student Loan Program Hearing Before the Subcommittee O
Arts United States Congress Senate Committee On Labo
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Over the last few years, I have also been active in a number of discussions related to student loan re- form.
From the earliest discussions on this issue of loan reform, I have been very supportive of the need for change. The goals of the direct loan program have been consistent with those for which I have worked. These include simplicity, efficiency, reduced cost, standard- ization and integrity.
After many successful years of providing millions of borrowers with billions of dollars of help, t
...he student loan delivery system had become extremely cumbersome. In some instances, other prob- lems related to integrity also became matters of serious concern.
Although the program I began to oversee in 1978 at Notre Dame was exemplary in terms of integrity, I learned very quickly that there were many challenges involved for an office which was at- tempting to serve what is truly a national student body. Every year, there are 50 States represented among our students. Along with this diversity came as many different application forms as there were State agencies.


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