FFELP
E579820
FFELP is a former U.S. federal student loan program in which private lenders issued education loans that were guaranteed and subsidized by the federal government.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal student loan program
ⓘ
student financial aid program ⓘ |
| administeredBy | U.S. Department of Education NERFINISHED ⓘ |
| alsoKnownAs | FFEL Program NERFINISHED ⓘ |
| beneficiary |
graduate students
ⓘ
parents of dependent students ⓘ professional students ⓘ undergraduate students ⓘ |
| borrower |
parents of students
ⓘ
students ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| endOfNewOriginations |
2010
ⓘ
July 1, 2010 ⓘ |
| fullName | Federal Family Education Loan Program NERFINISHED ⓘ |
| fundingModel | federally guaranteed, privately issued loans ⓘ |
| guaranteeProvider | federal government of the United States NERFINISHED ⓘ |
| guarantyAgencyRole | insure lenders against borrower default ⓘ |
| hasFeature |
federal default guarantees to lenders
ⓘ
income-based repayment options (for some loans) ⓘ interest subsidies for eligible borrowers ⓘ use of guaranty agencies ⓘ |
| interestSubsidy | federal government paid interest on some subsidized loans while borrower was in school ⓘ |
| involves |
federal government guarantees
ⓘ
federal government subsidies ⓘ private lenders ⓘ |
| legalBasis | Higher Education Act of 1965 NERFINISHED ⓘ |
| loanCategory |
Consolidation Loans
ⓘ
Federal Perkins Loans NERFINISHED ⓘ PLUS Loans ⓘ Stafford Loans NERFINISHED ⓘ |
| loanDisbursement | loans originated and serviced by private lenders ⓘ |
| loanType |
education loan
ⓘ
federal student loan ⓘ |
| operatedBy | U.S. Department of Education NERFINISHED ⓘ |
| policyChange | ended by Health Care and Education Reconciliation Act of 2010 ⓘ |
| purpose |
to increase access to postsecondary education
ⓘ
to provide federally guaranteed student loans through private lenders ⓘ |
| regulator | U.S. Department of Education NERFINISHED ⓘ |
| relatedTo |
Higher Education Act Title IV programs
NERFINISHED
ⓘ
William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| repaymentResponsibility | borrower repays lender, not the federal government directly ⓘ |
| replacedBy | William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| riskAllocation | credit risk largely borne by federal government through guarantees ⓘ |
| sector | higher education finance ⓘ |
| status | discontinued for new loans ⓘ |
| targetPopulation | U.S. residents seeking postsecondary education ⓘ |
| timePeriod | late 1960s to 2010 for new originations ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.