The United States Department of Education is a Cabinet-level department of the United States government. The Department of Ed. is administered by the United States secretary of education. The function of the Department of Ed. is to “establish policy for, administer and coordinate most federal assistance to education, collect data on US schools, and to enforce federal educational laws regarding […]

What Role Do Student Loans Servicers Play In Federal Student Loans? The United States Department of Education is responsible for policy, administration and coordination of most federal assistance to education.  This includes providing student loans to secondary education students through a program called the William D. Ford Federal Direct Loan Program (sometimes referred to as “Direct Loan” or “FDL”).  Before […]

Prior to July 1, 2010, federal student loans were not funded by the department of education and the federal government.  Under the Federal Family Education Loan Program (“FFEL”), private lenders used their own funds to make federal student loans to borrowers to pay for secondary education (college).  These Loans were guaranteed by “guaranty agencies” that insured the funds, which were, […]

The United States Department of Education administers and coordinates most federal assistance to education including directly providing student loans to secondary education students through a program called the William D. Ford Federal Direct Loan Program (sometimes referred to as “Direct Loan” or “FDL”).  Before July 1, 2010, federal student loans were originated by private banks who gave out loans that […]

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid and student loan information. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of Education programs. NSLDS Student Access provides a centralized, integrated view of federal student loans and grants so that recipients of federal student loans […]