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FFELS

Federal Family Education Loan Program

The Federal Family Education Loan (FFEL) Program was a system of private student loans which were subsidized and guaranteed by the United States federal

Federal Student Aid

guaranteed funds. FFEL loans included FFEL Stafford Loans, FFEL PLUS Loans, and FFEL Consolidation Loans. The FFEL Program ended on July 1, 2010 under provisions

Sallie Mae

In 2008, SLM was bailed out by the US government through a buy back of FFEL private loans. On April 6, 2009, Sallie Mae announced that it would move

Federal Direct Student Loan Program

Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. The FFEL program

Income-driven repayment

Direct Loan) and the now-defunct Federal Family Education Loan Program (FFEL). They include: Income-Based Repayment (IBR) Pay As You Earn (PAYE) Saving

Pay As You Earn

had no outstanding balance on a Direct Loan or FFEL Program loan when he/she received a Direct Loan or FFEL Program loan on or after October 1, 2007. As

Student loans in the United States

limit of $138,500. Direct loans ($1.15 trillion, 34.2 million borrowers) FFEL loans ($281.8 billion, 13.5 million borrowers). The program ended in 2010

Title IV of the Higher Education Act of 1965

Title IV programs. (Ten sub-sections) B- Federal Family Education Loan (FFEL) Program C- Federal Work-Study Programs D- Direct Loan Program E- Federal

Public Service Loan Forgiveness

Loans, and Federal Direct Consolidation Loans qualify for PSLF. Loans in the FFEL program or Federal Perkins Loans can be consolidated into a Direct Consolidation

For-profit higher education in the United States

Discover Financial Services have been among the largest student loan lenders. FFEL loans and private loans are packaged, rated by rating agencies, and sold