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.
References in periodicals archive ?
* Eliminate loans funded privately by lenders and banks, or the Federal Family Education Loan program (FFEL) in favor of the publicly funded Direct Loan Program.
Concerns have been raised about the Department of Education's (Education) role in overseeing the lenders and schools that participate in the largest of the federal government's student loan programs, the Federal Family Education Loan Program (FFELP).
In general, loans issued through the Direct Loan program and the Federal Family Education Loan Program since July 1998 will drop to 4.06 percent beginning this July 1.
Sovereign Risk: The trust collateral is composed of 100% Federal Family Education Loan Program (FFELP) loans with guaranties provided by eligible guarantors and reinsurance provided by the U.S.
*Issuance of Report on Managements Assertions on Compliance with Specified FFELP Requirements in accordance with the Compliance Audits for Lenders and Lender Servicers participating in the Federal Family Education Loan Program Guide (for CSLF).
Credit union outreach to small businesses came in next, followed by the elimination of the Federal Family Education Loan program and its impact on credit unions.
* Eliminating the Federal Family Education Loan Program (FFELP) and originating all student loans through the federally run Direct Loan program.
Like the College of the Holy Cross, Becker switched this summer from the Federal Family Education Loan Program to direct loans, meaning that students looking for federal loans apply directly through the college, not through a third party lender, such as a commercial bank.
WASHINGTON -- The review process to spot conflicts of interest in the Federal Family Education Loan program succeeds in finding problems, but it fails to correct mistakes in disclosure forms, the Office of Inspector General of the Department of Education found.
To address these objectives, GAO interviewed representatives from the nine largest Federal Family Education Loan program lenders, surveyed a random sample of postsecondary schools, and visited four colleges and universities.
The operating fund pays OSAC's costs related to administration of the federal Family Education Loan Program, and the reserve fund is the main backing for the student loans guaranteed by OSAC.
Securities and Exchange Commission, has affirmed the following outstanding notes backed by student loans originated under the Federal Family Education Loan Program (FFELP).
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