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113849 1 (1980-11-07)

handle is hein.gao/gaobacxtk0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 HUMAN NOV 7 1980 Conrad R. Hoffman Controller (04) Veterans Administration Dear Mr. Hoffman: Subject: urvey Report on the Veterans and ependents Education Loan progra1. We have completed a limited survey of the administration of the Veterans and Dependents Education Loan Program in the Veterans Administration's Washington regional office (VAWRO). The purpose of the survey was to obtain information needed to develop audit guidelines for a multi-region followup review of VA's education loan program, including data on corrective actions taken by VA in response to our earlier re ort to the Chairman, House Committee on Veterans' Affairs.. Among other things, our survey included an examination of the Finance Division's loan repayment records and activities, including VA's notification procedures. These procedures consist of two post cards and two letters sent out at specified intervals over a period of 9 months. If a positive response is not received from the veteran after the two letters are sent, the loan is supposed to be placed in default 10 months after training is terminated or reduced to'less than half time. Our findings are based on two random samples involving a total of 46 cases. One sample of 20 cases from a universe of 85 was drawn from loans that had been placed in default on July 1, 1978, or later according to the notations on the loan account cards. Our second sample of 26 cases from a universe of 248 was drawn from loan cards with a posted expected graduation date of March 31, 1980, or earlier and had not been placed in default as of the time of our review. The loans in this latter sample are referred to in this report as active loans. Approximately 315 loans were excluded from the two universes used either because they were considered too old or too recent. 1/Improvements Needed in VA's Education Loan Program, HRD-78-112, May 11, 1978. * c'

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