Guaranteed Student Loan

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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.
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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.
The guaranteed student loans John and Susie Student receive, however, stand a good chance of having a connection with a USA Group company.
April 15 /PRNewswire/ -- College graduates who take advantage of the free Federal Student Loan Consolidation Program will move to the head of the class because they'll pay as much as 58 percent less on their federally guaranteed student loans than their co-grads.
NYSE: CIT) today announced that it would stop originating all government guaranteed student loans effective immediately.
markets, originates, funds and services primarily federally guaranteed student loans and is a leading provider of student tuition installment plans.
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.
PPHEA is authorized to provide funds for the acquisition of guaranteed student loans made to students attending post-secondary educational institutions and to provide procedures for the servicing of the guaranteed student loans.
6% of the collateral securing the bonds will be comprised of federally guaranteed student loans originated under the FFELP.
1% of the student loan pool at closing will be comprised of federally guaranteed student loans originated under the FFELP.
The authority is authorized to provide funds for the acquisition of guaranteed student loans made to students attending post-secondary educational institutions and provide procedures for the servicing of the guaranteed student loans.
Student Lending Works' activities include the origination of federally guaranteed student loans to Ohio residents and students studying at Ohio colleges and universities.
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