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The Federal Family Education Loan (FFEL) Program was a system of private student loans which were subsidized and guaranteed by the United States federal government. The program issued loans from 1965 until it was ended in 2010. Similar loans are now provided under the Federal Direct Student Loan Program, which are federal loans issued directly ...
In April 2022, the Education Department announced the one-time payment adjustment for all Direct Loans and federally-owned Federal Family Education Loans (FFELs).
It now services student loans under the name American Education Services, which participates in the Federal Family Education Loan Program and offers private student loans.
In April 2022, the Education Department announced the one-time payment adjustment for all Direct Loans and federally owned Federal Family Education Loans (FFELs). The adjustment to student loan ...
The program replaced the earlier Federal Family Education Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. The FFEL program was eliminated because of a perception that it benefited private student loan companies at the expense of taxpayers, but did not help ...
The majority of loans through the Federal Family Education Loan (FFEL) program are commercially held because the program and Education Department worked with private lenders to provide student ...
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