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Download full textAshby, Cornelia M. – 2002
Certain state or not-for-profit agencies guarantee payment to banks and other lending institutions if students fail to repay loans obtained through the Federal Family Education Loan Program. The 1998 amendments to the Higher Education Act authorize the Secretary of Education to enter into voluntary flexible agreements (VFAs) with individual…
Descriptors: Debt (Financial), Federal Aid, Federal Programs, Higher Education
