End of Line Looks Near For Student Aid Program

Kaper, Stacy; Dietrich, Chris
February 2010
American Banker;2/18/2010, Vol. 175 Issue 26, p1
Trade Publication
The article reports that the U.S. President Barack Obama administration still wishes to end the Federal Family Education Loan Program (FFELP). According to the article, the U.S. House of Representatives passed legislation in the year 2009 to end the program that allows lenders to offer low-rate student loans through partial government guarantees. The response of lenders including the Student Loan Marketing Association to the government ending FFELP is discussed.


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