Mike Davies
January 2017

FFEL or Federal Family Education Loan

Federal Family Education Loan Program. These loans are federal student loans that have been borrowed through private loan lenders but are guaranteed by the federal government.

Federal Family Education Loans include the following types of federal student loans: Subsidized Stafford Loans, Unsubsidized Stafford Loans, FFEL PLUS Loans and FFEL Consolidation Loans.

These loans were originated along with regular Stafford Loans during the Higher Education Act of 1965. As of 2008, more than 6 million students held an FFEL loan.

Federal Family Education Loans were eradicated in 2010 during the Health Care and Education Reconciliation Act of 2010, and the program ended in June of that year.

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Most people do not realize that there are programs designed to help those who may be struggling with their student loan payments. Thousands of borrowers have trusted Ameritech Financial to be their advocate. Click here to find out what options are available. Our services could help you get back on track.

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Mike Davies

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