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.
300,000,000 2005 taxable guaranteed student loan revenue bonds, series P, 'AAA';
Substantially all of the Company's student loan assets are Federal Family Education Loan Program (FFELP) guaranteed student loans.
d/b/a Goal Structured Solutions), has originated over $9 billion in federal government guaranteed student loans, and helped over 200,000 graduate and undergraduate students and their families manage their debt through federal and private loan programs.
The federal action helped stabilize the student loan market, but the offer to buy federally guaranteed student loans for 1 percent of the loan value plus $75 isn't awe-inspiring for lenders.
BOSTON - The Massachusetts Educational Financing Authority is suspending all federally guaranteed student loans effective July 1.
Federal Perkins Loans, Guaranteed Student Loans, Federal Stafford Loans, Federal Supplemental Loans for Students, and National Direct Student Loans are among the many types of loans that apply.
Some Grove City students received Basic Educational Opportunity Grants (now Pell Grants) and federally guaranteed student loans.
In addition, the industry landscape may be changed forever if the President's proposal to cut government subsidies to FFELP lenders and fund all new government guaranteed student loans in the direct lending program (FDLP) is passed.
The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), and offers comprehensive information and resources to guide students, parents and guidance professionals through the financial aid process.
As conditions to participating in the ABCP program, student loan lenders generally agree to originate and disburse, or acquire government guaranteed student loans and conduct activities constituting a continued participation in FFELP within a twenty-four month period after selling or pledging loans to the program.
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