Problems Confronting the Higher Education Assistance Foundation. Hearing on Examining the Financial Difficulties Confronting the Higher Education Assistance Foundation and the Impact That Situation Has on the Guaranteed Student Loan Programs of the Department of Education before the Subcommittee on Education, Arts, and Humanities of the Committee on Labor and Human Resources. United States Senate, One Hundred First Congress, Second Session.

Overview & Synopsis

This document reports oral testimony and prepared statements of persons who testified at hearings on the financial difficulties confronting the Higher Education Assistance Foundation (HEAF) and the impact that situation has on the Stafford Student Loan Program of the Department of Education. Witnesses included: Lauro F. Cavazos, U.S. Department of Education; Jean S. Frolicher, National Council on Higher Education; Stephen J. Blair, National Association of Trade and Technical Schools; Charles B. Saunders, Jr., American Council on Education; and A. Dallas Martin, National Association of Student Financial Aid Administrators. Their testimonies focused on the administration, structure, stability, and integrity of the Stafford Loan Program and program reform. Prepared statements were also submitted by Senators Edward M. Kennedy, Paul Simon, and Dave Durenburger; and by Richard C. Hawk, Stephen C. Biklen, Lawrence A. Hough, Bruce F. Vento, Samuel M. Kipp, and Muriel Johnson Murray. (LPT)