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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