Guaranteed Student Loan


Also found in: Acronyms.

Guaranteed Student Loan

A student loan on which repayment is guaranteed by a third party, especially the U.S. federal government. A student loan is financing used to pay for one's education, especially at the postsecondary or technical level. Because these loans do not purchase any asset to offer as collateral, they are high risk. However, a guaranteed student loan reduces the risk by promising that the third party will repay if the student defaults. Examples of federally guaranteed student loans in the United States include the Stafford loan and the PLUS loan.
References in periodicals archive ?
This year, nearly $1 billion was doled out unnecessarily through the federal guaranteed student loan program thanks to the loophole.
The federal government gave states the option of managing their own guaranteed student loan programs, having the federal government do it, or having USA Funds do it.
7 billion in 1992-93, while federally guaranteed student loans came to $17.
The collateral supporting SLM Student Loan Trust 2005-5 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-6 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-4 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-1 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-7 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-2 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-10 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting SLM Student Loan Trust 2005-8notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
The collateral supporting the SLC 2004-1 notes consists entirely of federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP).
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