Administration of Federal Student Loan Programs : Background and Provisions

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Reviews administration of Federal student loan programs, including the Federal Family Education Loan (FFEL) program, which guarantees loans from private lenders, and the Department of Education dir...

Reviews administration of Federal student loan programs, including the Federal Family Education Loan (FFEL) program, which guarantees loans from private lenders, and the Department of Education direct loan (DL) program. Discusses postsecondary institution eligibility and default rates; FFEL program lender and guaranty agency responsibilities, payments, and solvency requirements; and DL program loan origination and servicing, fund disbursement, and default collections provisions.

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