FFELP


Also found in: Acronyms.

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.
References in periodicals archive ?
Nservice: our servicing system for FFELP and private loans.
Nelnet originates, holds, and services student loans, principally leans originated under the Federal Family Education Loan Program, referred to as the FFEL Program or FFELP.
In this scenario, which Fitch deems highly remote, 43% of 'AAA' FFELP SLABS ratings would be downgraded to below investment grade.
government guarantee insulates FFELP student loan ratings from deteriorating economic conditions and rising defaults more so than other consumer asset classes,' said Managing Director Michael Dean.
In conjunction with the change, Fitch recently updated its criteria for rating FFELP student loan ABS.
While rehab loans have always comprised a portion of the FFELP student loan ABS spectrum, their unique characteristics and performance history call for tailored assumptions when analyzing student loan pools that contain rehab loans.
FFELP student loan ABS are exposed to significant short-term volatility in the basis spread, with most of the volatility caused by the difference in the spot and average rates and not the difference in the indices.
At this time, KHESLC continues to demonstrate the practices and maintain the management staff of a Proficient Plus student loan servicer for both FFELP and private student loans.
Access Group's default aversion process for FFELP loans exceeds the demands required by the Department of Education.
s business consists of originating FFELP student loans, and since November 2004, originating private student loans whose principal and accrued interest are not guaranteed by the U.
NEW YORK -- Fitch Ratings assigns a 'Proficient Plus' rating to Kentucky Higher Education Student Loan Corporation (KHESLC) for FFELP loan servicing.
The proceeds of the Series 2007 Bonds are being used to acquire FFELP student loans, make a deposit to the reserve fund, and pay issuance costs.