The fresh new repurchased funds was created also known as “ED-held” FFELP money, as well as over the class of one’s pursuing the age, the country totally transitioned into the Direct Mortgage program.
But ED did not purchase all of the FFELP loans that were outstanding when ECASLA passed, and many loans remained in private hands. These have come to be known as “commercial” FFELP loans. They are owned by companies like Navient, which owns $65 billion in FFELP loans, and Nelnet, which owns $20 billion in FFELP loans. Continuar leyendo “Because of the 2010, the education loan consumers can simply take out fund beneath the Direct Financing program”