ASLP Student Loan Fact Book 2008 (02/09/2009)
America’s Student Loan Providers released the updated“2008 Student Loan Fact Book.” ASLP is a D.C.-based coalition that represents 85 private, nonprofit and state-based education and financial organizations that provide guaranteed student loans through the FFELP. The Fact Book uses only independent and government data and provides as thorough a collection of student loan data as you'll find anywhere. It paints a very good picture of the loan programs within the larger context of postsecondary financial aid (federal and nonfederal).
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Federal Student Loans (02/09/2009) Information on: The two Federal Student Loan Prograns; What is FFELP?; Comparison of Federal Student Loan Programs; What is America's Student Loan Providers? Download
FFELP Advantages (02/09/2009) Information on: FFELP Overview; The FFELP Advantage: Choice & Competition; FFELP: A Better Deal for Taxpayers; Delinquency & Default Prevention Services Download
FFELP and Direct Loan Comparison Chart Prepared by the NCHELP Program Regulations Committee
Revised: 02/11/2009 Download
Impact of Credit Crisis (02/09/2009) Information on: Credit Crisis and the Impact on FFELP; Wall Street Journal article on the success of ECASLA Download
Preliminary FAQs for Parent PLUS Auction (03/27/2009) Download
Relief for Student Loan Borrowers (03/13/09) Guaranty agencies announce plan to protect loan rehabilitation-eligible borrowers from state tax offset Download
Terms & Conditions for FFELP & FDLP Borrowers This Congressional Research Service report describes currently effective provisions of the FFEL and DL programs and reflects amendments that have been enacted through November 2008, including those enacted in the 110th Congress under the College Cost Reduction and Access Act (CCRAA; P.L. 110-84),5 the Ensuring Continued Access to Student Loans Act (ECASLA; P.L. 110-227),6 and the Higher Education Opportunity Act (HEOA; P.L. 110-315).7 It also discusses recently enacted amendments that take effect prospectively or that are temporary in duration. Download
Lender Reporting System (LaRS) The Lender's Request for Payment of Interest and Special Allowance - LaRS (ED Form 799) is used by approximately 3,200 lenders participating in the Title IV, PART B loan programs. The ED Form 799 is used to pay interest and special allowance to holders of the Part B loans; and to capture quarterly data from lender's loan portfolio for financial and budgetary projections.
Student Loan Community Proposal On July 7, 2009 a diverse coalition of lenders, guaranty agencies, secondary markets and servicers representing all sectors of the student loan community --non-profit, for-profit, and state-based --released a reform proposal that builds on President Obama’s student loan plan.
The Student Loan Community Proposal endorses the core principles of the Administration’s reform effort --using federal funds to guarantee the stability of student loan financing, eliminating subsidies to private lenders, and generating historic savings for student financial aid --while maintaining choice, competition, superior service for students and schools and preserving tens of thousands of local jobs in all 50 states.
In addition, the proposal meets these goals without the significant transition risk assumed by 4,500 schools that comes from the Administration’s planned government takeover of more than $60 billion in private-sector-originated student loans in less than six months.
