Recommendations Described in Previous Semiannual Reports
                          On Which Corrective Action Has Not Been Completed

Section 5(a)(3) of the Inspector General Act requires a listing of each report resolved before the commencement of the reporting period for which management
has not completed corrective action.  The reports listed below are OIG internal and nationwide audit reports and management improvement reports.

                                                                                                               TOTAL   SEMIANNUAL
REPORT                                                                                            DATE       MONETARY     REPORT    
NUMBER                       AUDITEE/TITLE                                                      RESOLVED     FINDINGS   NO.  PAGE                   


Office of Elementary and Secondary Education
 11-20202 CHANGES TO IMPACT AID PROGRAMS' SITE REVIEW PROCESS SHOULD                            09/30/94     4,382,000   26   85
          IMPROVE EFFICIENCY AND ASSURE BETTER USE OF PROGRAM FUNDS

Office of Postsecondary Education
11-80160  FINANCIAL ANALYSIS CERTIFICATION PROCESS NOT ADEQUATE TO PROTECT STUDENT              09/30/90    15,026,619   19   15
11-90050  ACCREDITING AGENCY RECOGNITION PROCESS DOES NOT SERVE AS AN EFFECTIVE                 06/30/91             *   22    5
          CONTROL IN DETERMINING THE RELIABILITY OF AGENCIES THAT ACCREDIT NUMEROUS
          PROBLEM SCHOOLS
93-02**   ED SHOULD PROHIBIT CONFLICTS OF INTEREST BETWEEN GUARANTY AGENCIES AND                06/30/93             *   26   86
          AFFILIATED ORGANIZATIONS
11-00012  ADMINISTRATIVE CERTIFICATION PROCESS DOES NOT ADEQUATELY ASSURE THAT ALL              08/31/93             *   22    7
          SCHOOLS ARE CAPABLE OF ADMINISTERING TITLE IV FUNDS
11-00010  OFFICE OF STUDENT FINANCIAL ASSISTANCE DID NOT ASSURE THAT ALL INSTITUTIONS           09/30/93    33,800,000   24   63
          SUBMITTED AUDIT REPORTS OR THAT IT RECOVERED ALL MISSPENT FUNDS
11-90040  THE INSTITUTIONAL ELIGIBILITY PROCESS DOES NOT PROVIDE ADEQUATE ASSURANCE             09/30/93       482,000   22    6
          THAT ONLY ELIGIBLE SCHOOLS PARTICIPATE IN THE TITLE IV PROGRAMS
92-05**   ED NEEDS TO STRENGTHEN STUDENT LOAN CURE PROCEDURES                                   09/30/93   154,000,000   24   12
92-10**   STRICTER STANDARDS NEEDED FOR GRANTING OF FORBEARANCES                                09/30/93             *   25    3
92-13**   ED NEEDS TO CHANGE THE LEGISLATIVE DEFINITION OF LOANS IN REPAYMENT                   01/31/94             *   25    5
93-07**   THE SECRETARY'S DEFAULT REDUCTION INITIATIVE - AN ALTERNATIVE APPROACH                03/31/94             *   27   18
          TO IMPLEMENTING SANCTIONS
05-20075  EFFECTIVENESS OF THE REGIONAL INSTITUTIONAL REVIEW BRANCHES' MONITORING OF            08/31/94             *   28   19
          INSTITUTIONS PARTICIPATING IN THE STUDENT FINANCIAL ASSISTANCE PROGRAMS
17-30302  FINANCIAL AUDIT: FEDERAL FAMILY EDUCATION LOAN PROGRAM'S FINANCIAL STATEMENTS         10/31/94             *   29   16
          FOR FISCAL YEARS 1993 AND 1992
11-30001  INCONSISTENT INSTITUTIONAL PELL GRANT REPORTING RESULTS IN SIGNIFICANT                07/31/95             *   29   15
          EXPENDITURE DISCREPANCIES
04-40100  HELPING TO ASSURE EQUALIZED EDUCATIONAL OPPORTUNITIES WITH HEA, TITLE III             08/31/95             *   31   11
          INSTITUTIONAL AID FUNDS - GLOBAL PERFORMANCE MEASURES NEEDED
17-30305  ANNUAL INTEREST GRANTS: IMPROVING THE PROCESS FOR PAYING THE REMAINING                02/29/96     5,025,272   31   14
          GRANTS
11-40001  FOLLOW-UP REVIEW ON SELECTED GATEKEEPING OPERATIONS                                   02/29/96             *   31   13
05-40005  ED NEEDS TO CONSIDER IMPLEMENTING CHANGES FOR MONITORING LENDERS AND SERVICERS        03/31/96             *   32   10


Office of the Chief Financial Officer

11-00333  GREATER EMPHASIS NEEDED TO DEOBLIGATE UNEXPENDED CONTRACT                             03/31/94     7,500,000   26   17
          FUNDS AND CLOSE OUT CONTRACTS ON TIME
11-48302  THE DEPARTMENT COULD REDUCE ITS AIR FARE TRAVEL COSTS IF MORE TRAVELERS               01/31/96             *   31   33
          TOOK ADVANTAGE OF DISCOUNT AIR FARES
17-40302  FINANCIAL STATEMENT AUDIT: U.S. DEPARTMENT OF EDUCATION                               08/31/95             *   31   12
          FEDERAL FAMILY EDUCATION LOAN PROGRAM FOR THE YEARS
          ENDED SEPTEMBER 30, 1994 AND 1993
17-48320  FINANCIAL STATEMENT AUDIT OF THE U.S. DEPARTMENT OF EDUCATION                         09/30/95             *   30   20
          WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM



 *   Non-monetary findings only
**   Management improvement report