May 2009 / StudentLoanShark

The Federal Family Education Loan Program

student loansQ: I was wondering what The Federal Family Education Loan Program is all about, and how it can help me get student loans?

A: Well this is a hefty student loan subject, that could literally go on for pages, so ill do my best to give you the answer to your student loan question, in a little student loan nutshell! So to start off with “YES” The FFELP can most certainly set you on the path to securing financial help for college, it can do this because the FFELP represents the largest federal source of financial aid for college.

The FFELP was created by Congress in 1965 to deliver and administer guaranteed education loans for college students and their parents. The program has provided more than $627 billion in low-cost student loans to tens of millions of college students and parents.

Some of the student loans the FFELP provides are Stafford student loans, PLUS student loans, and Federal Consolidation student loans. You can learn more about these types of student loans by using the keyword search on our blog or website.


Share this Student Loan Information or Comment!


Share