Contents: What functions are performed by or on behalf of guaranty agencies in administering the Guaranteed Student Loan Program; Do guaranty agencies have standardized collection procedures and what steps are taken to locate defaulters; What specific collection practices are used that affect federal costs; How extensively do guaranty agencies use private collection contractors, including how are contracts awarded and how are contractors compensated and evaluated; How extensively do the guaranty agencies use litigation against defaulters, including who performs this litigation, what factors influence the decision to litigate, and what difficulties are encountered in obtaining and enforcing judgments; What administrative offset and wage garnishment procedures are allowed by state law/regulations and used by guaranty agencies; What do guaranty agencies consider to be their most successful collection techniques.
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