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GAO’s review of high-risk government programs includes many repeat offenders

Congress’ main investigative arm, the Government Accountability Office, has released its latest list of government programs at high-risk of waste, fraud and abuse, continuing a tradition of providing lawmakers with the report every two years at the start of a new Congress.

And most on this year’s list are long-time, repeat offenders.

“The federal government is the world’s largest and most complex entity, with about $3.5 trillion in outlays in fiscal year 2012 funding a broad array of programs and operations,” the GAO said.

The watchdog office keeps the list to “focus attention on government operations that it identifies as high risk due to their greater vulnerabilities to fraud, waste, abuse, and mismanagement or the need for transformation to address economy, efficiency, or effectiveness challenges.”

And while the list is often successful in drawing lawmaker’s attention to problem areas, there’s been a mixed record on improving oversight.  In the past 20 years, just one-third of the programs have made sufficient progress to no longer be considered high risk.

“Since 1990, more than one-third of the areas previously designated as high risk have been removed from the list because sufficient progress was made to address the problems identified,” the GAO said.

The progress is too slow for one key lawmaker.

“The GAO’s latest High Risk List includes seventeen items that have been on the list more than a decade, and six that have been on the list since it began in 1990,” said Rep. Darrell Issa, R-Calif., the chairman of the House Oversight and Government Reform Committee. “The inability of government to effectively address ongoing concerns about health care and insurance programs that have become fixtures on the high risk list, as well as new additions…are all reminders that taxpayers deserve better from their government.”

The list covers programs from many branches of government, such as financial woes at the U.S. Postal Service, Medicare and Medicaid benefits and the Pentagon’s financial and supply management, as well as its weapons systems aquisitions.

Two programs were improved enough to be stricken from the list.  The GAO said departments have increased data collection and planning amongst themselves, making interagency contracting much less risky. 

And the Internal Revenue Service has increased its oversight and computer support for it’s Business Systems Modernization, an endeavour to upgrade IRS capabilites and “replace the agency’s aging business and tax processing systems.”

But two other areas have been added to the list in their place.  Climate change presents large financial risks to the U.S. government, the GAO said, and it’s an area the government is so far ill prepared to address.

“Among other impacts, climate change could threaten coastal areas with rising sea levels, alter agricultural productivity, and increase the intensity and frequency of severe weather events such as floods, drought, and hurricanes,” the GAO said. “Weather-related events have cost the nation tens of billions of dollars in damages over the past decade.”

Also, delays in acquiring new weather satellies may lead to gaps in effective knowledge of weather systems, atmospheric currents and storms.

“The importance of such data was recently highlighted by the advance warnings of the path, timing, and intensity of Superstorm Sandy,” the GAO said.

At the worst case scenario, investigators are concerned that weather satellite data could be seriously reduced for as long as 53 months – almost four and a half years.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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