answersLogoWhite

0

The federal government began guaranteeing student loans provided by banks and non-profit lenders in 1965, creating the program that is now called the Federal Family Education Loan (FFEL) program.

User Avatar

Alexandre Ferry

Lvl 10
5y ago

What else can I help you with?

Related Questions

How do you know if you have a federal student loan?

You can know if you have a federal student loan by checking your loan documents or contacting your loan servicer. Federal student loans are issued by the government and typically have terms and conditions set by federal regulations.


What is the best federal student loan program?

There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.


Can you file bankruptcy for your student loans and keep your house out of it?

If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.


How do I know if I have a federal student loan?

You can check if you have a federal student loan by logging into the National Student Loan Data System (NSLDS) website using your FSA ID. This site will show all federal student loans you have borrowed.


How do I know if my student loan is federal?

You can find out if your student loan is federal by checking the National Student Loan Data System (NSLDS) website or contacting your loan servicer. Federal student loans are issued by the government, while private student loans are issued by banks or other financial institutions.


Can you get a federal student Stafford loan if one of your parents has a student loan that is in default?

Yes.


If a student is still in school can the IRS take their federal refund for student loan payments?

yes, if your loans are in default then you will be listed on the Tax offset list. Once on the list, your tax refund will be kept by the Guarantee agency until the loan is paid off or until the loans are out of default. It does not matter if you are in school or out of school. In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal Income Tax return money that is owed to you. They also have the right to garnish any wages and to garnish Social Security benefits. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.


What has the author Donald Conner written?

Donald Conner has written: 'Federal student loan programs data book, FY 94-96' -- subject(s): Federal Direct Student Loan Program (U.S.), Federal Family Education Loan Program, Government policy, Student aid, Student loan funds


How do you obtain a federal student loan?

Go to student loan area--financial assistance--at the school where you are applying.


Does a student have to be full time to receive a federal student loan?

yes


What can you do to geta student loan?

The Free Application for Federal Student Aid


Where can a student get a student loan that has no credit bad credit and parents don't qualify as cosigner and gotten all federal loans I gualify for?

where can I get a student loan that has no credit and parents dont qualify for a loan and I have gotten all federal loans