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FFEL

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AcronymDefinition
FFELFederal Family Education Loan


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Their rationale: The DL program costs the federal government less than the private sector-financed FFEL, so students attending schools participating in the DL program should benefit.
Direct Loans are borrowed from and must be repaid to the Department of Education, while FFEL loans are borrowed from and must be repaid to private lenders.
FFEL loans cost taxpayers nearly $11 more for every $100 loaned to students than direct loans, officials said.
 
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