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)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States government program
federal financial aid program
student loan program
administeredBy U.S. Department of Education
alsoKnownAs FFEL Program
FFELP
beneficiary graduate students
parents of dependent students
professional students
undergraduate students
country 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 Federal Consolidation Loan
Graduate PLUS Loan
PLUS Loan
Subsidized Stafford Loan
Unsubsidized Stafford Loan
oversightBy 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
William D. Ford Federal Direct Loan Program
replacedBy Direct Loan Program
William D. Ford Federal Direct Loan Program
sector higher education finance
startDate 1965
status ended for new loans
legacy loans still in repayment

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Direct Student Loan Program replaced Federal Family Education Loan Program
Direct Consolidation Loan eligibleLoanType FFEL PLUS Loan
linked to: Federal Family Education Loan Program
Extended Repayment Plan appliesTo Federal Family Education Loan Program loans
linked to: Federal Family Education Loan Program
Extended Repayment Plan administeredUnder Federal Family Education Loan Program
Federal Family Education Loan Program alsoKnownAs FFEL Program
linked to: Federal Family Education Loan Program
Graduated Repayment Plan appliesTo federal FFEL Loans
linked to: Federal Family Education Loan Program
Graduated Repayment Plan eligibilityIncludes FFEL PLUS Loans
linked to: Federal Family Education Loan Program
Graduated Repayment Plan eligibilityIncludes FFEL Consolidation Loans
linked to: Federal Family Education Loan Program
College Cost Reduction and Access Act affectsProgram Federal Family Education Loan Program
Public Law 111-152 eliminatedProgram Federal Family Education Loan Program