Summary: state level agencies have no role in the direct loan program whereas states must have a designated guaranty agency that administers FFELP the remainder of this report focuses only on FFELP Guaranty Agencies Play Critical Role in Administering FFELP Under FFELP private lenders such as banks fund the student loans The federal government guarantees repayment to these
Image Dimensions: 566 x 528
Image originally found here.