FFELP


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FFELP

Federal Family Education Loan Program. A former program of the U.S. federal government in which the government subsidized or guaranteed private, low interest rate loans to students enrolled in degree-seeking post-secondary education programs. The program offered Stafford loans (both subsidized and unsubsidized) and PLUS loans. The program was eliminated in 2010 when the federal government directly took over the lending programs.
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References in periodicals archive ?
Department of Education would phase out the FFELP program by July 2010 in favor of the Federal Direct Lending Program, with a predicted cost savings of $48 billion over the next 10 years.
Most in higher ed strongly support the changes to Pell but are nervous about the possibility that eliminating the FFELP could have unintended negative consequences for student and parent borrowers.
With the first semester of the new loan program up and running, Smith said he's putting pressure on Vice President and Director of Student Lending Juan Antonio Ruiz to get the volume of the new program up to the $15 million a year in loans the CU is doing through FFELP.
The bill also would require FFELP lender-schools to employ a full-time coordinator for the program and to not give such loans to more than half their students.
As of mid-April, about 60 IHEs had switched from FFELP to direct lending, allowing students to borrow from the federal government through their colleges, eliminating involvement from private lenders.
On average, during the 1995-to-2003 period, FFELP consolidation loan borrowers had higher levels of consolidation loan debt than FDLP consolidation loan borrowers.
Sovereign Risk: The trust collateral comprises 100% Federal Family Education Loan Program (FFELP) loans, with guaranties provided by eligible guarantors and reinsurance provided by the U.S.
The Connecticut Student Loan Foundation (CSLF)is a non-profit agency that administers, guarantees, finances, and services student loans within the Federal Family Education Loan Program (FFELP) and other alternative student loan programs.
Consolidation loans, available under the Department of Education's (Education) two major student loan programs--the Federal Family Education Loan Program (FFELP) and the William D.
Sovereign Risk: The trust collateral comprises Federal Family Education Loan Program (FFELP) loans, including approximately 10.0% of rehabilitated loans, with guaranties provided by eligible guarantors and reinsurance provided by the U.S.
Nelnet originates, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program, referred to as the FFEL Program or FFELP