| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Federal Family Education Loan Program | Federal Student Aid | The Federal Family Education Loan (FFEL) Program is made up of Federal Stafford Loans (both subsidized and unsubsidized), Federal PLUS Loans for parents, and Federal Consolidation Loans. All of these are long-term loans insured by state or private nonprofit guaranty agencies that are reimbursed by the federal government for all or part of the insurance claims paid to lenders. This guarantee replaces the collateral or security usually required with long-term consumer loans. (FFEL). (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
