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.

All labels observed (1)

Label Occurrences
FFELP canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal student loan program ⓘ
student financial aid program ⓘ
administeredBy U.S. Department of Education ⓘ
alsoKnownAs FFEL Program ⓘ
beneficiary graduate students ⓘ
parents of dependent students ⓘ
professional students ⓘ
undergraduate students ⓘ
borrower parents of students ⓘ
students ⓘ
country United States ⓘ
endOfNewOriginations 2010 ⓘ
July 1, 2010 ⓘ
fullName Federal Family Education Loan Program ⓘ
fundingModel federally guaranteed, privately issued loans ⓘ
guaranteeProvider federal government of the United States ⓘ
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 ⓘ
loanCategory Consolidation Loans ⓘ
Federal Perkins Loans ⓘ
PLUS Loans ⓘ
Stafford Loans ⓘ
loanDisbursement loans originated and serviced by private lenders ⓘ
loanType education loan ⓘ
federal student loan ⓘ
operatedBy U.S. Department of Education ⓘ
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 ⓘ
relatedTo Higher Education Act Title IV programs ⓘ
William D. Ford Federal Direct Loan Program ⓘ
repaymentResponsibility borrower repays lender, not the federal government directly ⓘ
replacedBy William D. Ford Federal Direct Loan Program ⓘ
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 ⓘ

How these facts were elicited

Referenced by (1)

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