Audit of Direct Consolidation Loans (MS Word)

As Table 1 shows, when LVCs are returned incomplete or untimely, a significantly lower percentage of applicants receive fully funded Direct Consolidation Loans. For example, only 2,502 of 9,520 applications for which one or more LVCs were returned incomplete (26.3 percent) resulted in a Direct Consolidation Loan, and of the 9,520 applications ... ................
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