What Are FFELP Loans? What is the Difference Between FFEL and Direct Loans?
Federal Family Education Loan Program (FFELP) Loans are federal student loans available until June 2010. At first, private companies paid for these loans, but now the U.S. Department of Education owns most of them. The Direct Loan program, which is still in use today, replaced FFELP in 2010. Even though the FFEL Program is no … Read more