FFELP

(redirected from Federal Family Education Loan Program)
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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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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 Nelnet offers a broad range of financial services and technology-based products, including student loan origination and lending, student loan and guarantee servicing and a suite of software solutions.
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