President Obama’s proposal to finish the Federal Family Education Loan Program while making all federal student education loans through the Direct Loan Program has gotten lots of news attention.

Categories:

President Obama’s proposal to finish the Federal Family Education Loan Program while making all federal student education loans through the Direct Loan Program has gotten lots of news attention.

President Obama’s proposition to get rid of the Federal Family Education Loan Program while making all federal figuratively speaking through the Direct Loan Program has gotten lots of news attention. However for most of the talk about budget figures and politics, the views of university educational funding administrators have now been mainly lost within the shuffle.

All FAOs have actually their very own, differing grounds for selecting a specific federal education loan system because of their institutions, but I’d want to explain why we prefer the FFEL system and exactly why my university will stick online title loans to it.

It comes down right down to this: FFELP provides service that is outstanding pupils and our university and assists our students avoid defaulting to their loans, and competition — between FFEL loan providers and between FFEL and direct financing — has furnished for option and, fundamentally, quality. read more →