Federal Family Education Loan Program
E139716
The Federal Family Education Loan Program was a U.S. government-backed student loan system in which private lenders issued education loans that were guaranteed and subsidized by the federal government.
All labels observed (7)
| Label | Occurrences |
|---|---|
| Federal Family Education Loan Program canonical | 4 |
| FFEL Consolidation Loans | 1 |
| FFEL PLUS Loan | 1 |
| FFEL PLUS Loans | 1 |
| FFEL Program | 1 |
| Federal Family Education Loan Program loans | 1 |
| federal FFEL Loans | 1 |
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
United States government program
ⓘ
federal financial aid program ⓘ student loan program ⓘ |
| administeredBy |
United States Department of Education
ⓘ
surface form:
U.S. Department of Education
|
| alsoKnownAs |
Federal Family Education Loan Program
ⓘ
surface form:
FFEL Program
FFELP ⓘ |
| beneficiary |
graduate students
ⓘ
parents of dependent students ⓘ professional students ⓘ undergraduate students ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdUnder | Higher Education Act of 1965 ⓘ |
| endOfNewOriginations | 2010-07-01 ⓘ |
| feature |
consolidation loans
ⓘ
deferment and forbearance options ⓘ federal default guarantees to lenders ⓘ income-driven repayment options ⓘ interest subsidies for eligible borrowers ⓘ loans guaranteed by the federal government ⓘ loans subsidized by the federal government ⓘ |
| fundingModel | federally guaranteed loans issued by private lenders ⓘ |
| guaranteeAgencyInvolved |
nonprofit guaranty agencies
ⓘ
state guaranty agencies ⓘ |
| impact | major source of federal student loans before 2010 ⓘ |
| legalBasis | Higher Education Act of 1965 ⓘ |
| lenderType |
commercial banks
ⓘ
credit unions ⓘ nonprofit lenders ⓘ savings and loan institutions ⓘ state agencies ⓘ |
| loanGuaranteeCoverage | up to 100 percent of principal and interest in case of default ⓘ |
| loanTypeOffered |
Direct Consolidation Loan
ⓘ
surface form:
Federal Consolidation Loan
Graduate PLUS Loan ⓘ PLUS Loan ⓘ Subsidized Stafford Loan ⓘ Direct Unsubsidized Loan ⓘ
surface form:
Unsubsidized Stafford Loan
|
| oversightBy |
United States Department of Education
ⓘ
surface form:
U.S. Department of Education
|
| peakPeriod |
1990s
ⓘ
2000s ⓘ |
| purpose | provide student loans for postsecondary education ⓘ |
| reformedBy |
Health Care and Education Reconciliation Act of 2010
ⓘ
Student Aid and Fiscal Responsibility Act ⓘ |
| relatedProgram |
Federal Pell Grant Program
ⓘ
Federal Direct Student Loan Program ⓘ
surface form:
William D. Ford Federal Direct Loan Program
|
| replacedBy |
Federal Direct Student Loan Program
ⓘ
surface form:
Direct Loan Program
Federal Direct Student Loan Program ⓘ
surface form:
William D. Ford Federal Direct Loan Program
|
| sector | higher education finance ⓘ |
| startDate | 1965 ⓘ |
| status |
ended for new loans
ⓘ
legacy loans still in repayment ⓘ |
Referenced by (10)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
FFEL PLUS Loan
this entity surface form:
Federal Family Education Loan Program loans
this entity surface form:
FFEL Program
this entity surface form:
federal FFEL Loans
this entity surface form:
FFEL PLUS Loans
this entity surface form:
FFEL Consolidation Loans