Direct Student Loans: Legality of regulations authorizing origination fee reduction

B-283717 Published: Sep 29, 1999. Publicly Released: Sep 29, 1999. Jump To HIGHLIGHTS FULL REPORT Highlights GAO commented on the legality of recent regulations authorizing the reduction of the origination fee charged in the William D. Ford Federal Direct Student Loan Program. In GAO's view, the regulations conflict with a statutory requirement that the Department of Education charge a 4 percent origination fee for loans made under the Direct Loan Program. Full Report Full Report (5 pages) Media Inquiries Sarah Kaczmarek Managing Director Office of Public Affairs media@gao.gov Public Inquiries Contact Us Topics EducationAdministrative lawAgency proceedingsNoncomplianceStudent loansHigher educationDirect student loan programEducation loan programsStudentsNatural resourcesFinancial assistance