Department of Education Planning Emergency Financial Aid Survey
In an effort to better gauge the availability of federal student loans, the U.S. Department of Education is planning to issue an emergency survey to the 4,500 colleges that participate in the Federal Family Education Loan Program.
With almost 50 FFELP lenders having already suspended their federal student loan programs, the survey — which will be sent electronically to financial aid offices at all FFELP schools — will ask administrators to confirm that they have secured lenders for the 2008–09 academic year and to provide the Education Department with a list of those lenders.
In a notice published April 16 in the Federal Register, education officials wrote that the survey is designed to help the Department of Education ensure that students have continued access to federal student loans. Survey results are expected to highlight the difficulties families may be experiencing in accessing FFELP loans.
Comment Notification
If you would like to receive an email when updates are made to this post, please register here
Subscribe to this post's comments using