FFELP Program definition
FFELP Program means the Federal Family Education Loan Program authorized under the Higher Education Act, including Federal ▇▇▇▇▇▇▇▇ Loans authorized under Sections 427 and 428 thereof, Federal Supplemental Loans for Students authorized under Section 428A thereof, Federal PLUS Loans authorized under Section 428B thereof, Federal Consolidation Loans authorized under Section 428C thereof and Unsubsidized Loans authorized under Section 428H thereof.
FFELP Program means the Federal Family Education Loan Program established by the Higher Education Act pursuant to which student loans are made to borrowers pursuant to certain guidelines, and the repayment of such loans is guaranteed by a Guarantee Agency, and any predecessor or successor program.
FFELP Program means the Federal Family Education Loan Program authorized under the Higher Education Act, including Stafford ▇▇▇▇▇, ▇LS Loans, PLUS Loans and Consolidation Loans.
More Definitions of FFELP Program
FFELP Program means the Federal Family Education Loan Program authorized under the Higher Education Act, including ▇▇▇▇▇▇▇▇ Loans, SLS Loans, PLUS Loans and Consolidation Loans. “Guarantee” or “Guaranteed” means, with respect to a Student Loan, the insurance or guarantee by the applicable Guarantor, in accordance with the terms and conditions of the applicable Guarantee Agreement, of some or all of the principal of and accrued interest on such Student Loan and the coverage of such Student Loan by the Federal Reimbursement Contracts providing, among other things, for reimbursement to such Guarantor for losses incurred by it on defaulted Student Loans insured or guaranteed by such Guarantor. “Guarantee Agreements” means the Federal Reimbursement Contracts, the Eligible Lender Trustee Guarantee Agreements and any other guarantee or agreement issued by a Guarantor to the Bank Eligible Lender Trustee or the Interim Eligible Lender Trustee, which pertain to Student Loans, providing for the payment by the Guarantor of amounts authorized to be paid pursuant to the Higher Education Act to holders of qualifying Student Loans guaranteed in accordance with the Higher Education Act by such Guarantor. “Guarantor” means any entity listed on Attachment C to the Servicing Agreement authorized to guarantee Student Loans under the Higher Education Act and with which the Eligible Lender Trustee maintains in effect a Guarantee Agreement. “Higher Education Act” means the Higher Education Act of 1965, as amended or supplemented from time to time, and all regulations and guidelines promulgated thereunder.