Student Loans Weblog

After the House and Senate voted against the funding of the programs by $12.7 billion, the student loan programmes were struck hard. The federal government has two loan programs that provide money for college and graduate school. Both programs allow students and parents to lock in interest rates and later consolidate loans, but they differ in how the government administers loans. As per the prevailing regulations, educational institutions have to choose either FELP or the direct program to offer student loans. Consequently, a majority of them want to stick to FELP as the lending groups can provide more services.