Late last year the federal Department of Education stepped in and terminated OSAC's status as the guarantor of student loans made under the
Federal Family Education Loan Program when it became apparent the agency could no longer support it.
Students who plan to participate in the
Federal Family Education Loan Program in a full-time course of study are also eligible to apply.
* The Department of Education (DOE) postponed until June 30, 1997, its deadline for compliance audits required of lenders with student loan portfolios of $5 million or less under the
Federal Family Education Loan Program. The DOE said Congress was considering a permanent legislative change to modify or eliminate the audit requirement for smaller lenders.
Since 1966, the
Federal Family Education Loan Program (FFELP) has helped more than 40 million Americans through college.
Collateral Quality: Approximately 73% of KSLT 1999A and 55% KSLT 1999B consists of
Federal Family Education Loan Program (FFELP) loans.
(NYSE:WFC) Education Financial Services (EFS) has said that Navient will purchase a principal balance of USD8.5bn of
Federal Family Education Loan Program (FFELP) loans, which are part of Wells Fargo's held-for-sale loan portfolio.
The decrease in year-over-year net income was expected as the company's student loan portfolio runs off due to Congress' elimination of the
Federal Family Education Loan Program in 2010.
A: Before the law change, borrowers wanting a student loan backed by the government could get loans directly from the government or from the
Federal Family Education Loan Program. Those from the
Federal Family Education Loan Program were issued by private lenders, but basically backed by the government.
And at the same time, many financial aid offices must transition from the
Federal Family Education Loan Program (FFELP) m the Direct Loan program by July 1, which can require financial aid administrators to learn and implement new systems, policies and procedures.
of Education Title IV Program, Education, Educational grants, Eligibility criteria, Federal aid programs,
Federal Family Education Loan Program, Federal funds, Federal grants, Federal Pell Grant Program, Government guaranteed loans, Higher education, Internal controls, Loan defaults, Monitoring, Proprietary schools, Risk factors, Schools, Student financial aid, Student loans, Students, William D.