How to Get Rid of Your FFELP Loans

Despite the FFEL program ending in 2010, there is still a massive amount of outstanding student loan debt arising from the program. As of September 30, 2020, FFELP student loans accounted for $ 245.9 billion in outstanding student loan debt for 11.01 million borrowers.

Here’s what you need to know about FFELP loans, your repayment options, and your best options for obtaining FFELP lending.

Note: FFEL loans come in two forms: federally owned and commercially owned ….

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