Student Loan Default Prevention Act of 1991

[AI summary unavailable — showing source text] Student Loan Default Prevention Act of 1991 - Amends the Higher Education Act of 1965 (the Act) to lower the amount insured for any lender by the guaranteed student loan (GSL) program (under the Robert T. Stafford Student Loan Program) from 100 percent to 95 percent of the unpaid principal if one-third or more of the principal outstanding during any consecutive two-year period on the lender's loans consists of loans to students for attendance costs at a higher default rate institution. Prohibits guaranty agencies from selling lists of student borrowers who have loans under the Stafford program. Authorizes guaranty agencies to obtain information on the location of a student borrower from State licensing boards. Limits the circumstances under which repayment deferments are granted for loans to parents (PLUS loans). Revises provisions relating to credit bureaus, with respect to notices of delinquency, notices to borrowers, and limitations on reporting. Revises disclosure requirements to set forth special rules under which supplemental loans for students (SLS loans) are not subject to a requirement for disclosure of projected monthly payment amounts if the lender provides the borrower …