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.
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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