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EdFed Government Relations
Welcome to EdFed's Government Relations section. Because EdFed values each of its clients, we'd like to take the time to assure you that we endlessly work to follow federal and state legislation on the administration of the Federal Family Education Loan (FFEL) Program. In addition, we adhere to the policy positions, while tracking any federal legislative and regulatory activity and working with national and state associations to provide updates.

In this section, you will find more extensive information on the FFEL Program and related legislation and regulatory actions. Feel free to use the links below for quick navigation.

FFEL Program

Higher Education Act

Policy Headquarters

Policy and Regulations

Tax Benefits For Higher Education

Free Application for Federal Student Aid

Federal Family Education Loan Program

Your Guide to Understanding More

Read EdFed's Articles

Resources

FFEL Program
Part B of Title IV of the Higher Education Act of 1965, as amended, includes the Federal Family Education Loan (FFEL) Program, formerly the federal guaranteed student loan program. FFEL includes four components: Stafford Loan, Unsubsidized Stafford Loan, PLUS (Parent Loan for Undergraduate Students) Loan, and Consolidation Loan. FFEL loans are available to students attending institutions of higher education, vocational and technical schools, business and trade schools, and some foreign institutions.
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Higher Education Act
The legislation reauthorizes all the federal student assistance programs for five years with an automatic one-year extension. These programs include: the Federal Family Education Loan (FFEL) Program, the William D. Ford Federal Direct Loan Program, Pell Grants, the Federal Supplemental Educational Opportunity Grant Program, Federal Work-Study, Federal Perkins Loan Program, Leveraging Educational Assistance Partnership (LEAP) and the Special Leveraging Education Assistance Partnership (SLEAP). The last reauthorization of the Higher Education Act was on October 7, 1998 when President Clinton signed into law the Higher Education Amendments of 1998 (Pub. L. 105-244).
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Policy Headquarters
EdFed is your quick-stop for information regarding the federal student loan programs. Visit this page to learn of any new updates.
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Policy and Regulations
In addition to federal statutory requirements, EdFed charts national policy issues and federal regulations issued by the U.S. Department of Education and other agencies. Guidance issued includes Dear Colleague letters, Federal Register notices and other policy guidance related to the administration of the federal student loan program.
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Tax Benefits for Higher Education
In 1997, The Taxpayer Relief Act was created and implemented new tax benefits for families are paying for higher education. In 2001, the Economic Growth and Tax Relief Reconciliation Act of 2001 added new benefits and revised several others. The Hope Scholarship tax credit helps make the first two years of college or vocational school universally available. Students will receive a 100 percent tax credit for the first $1,000 of tuition and required fees and a 50 percent credit on the second $1,000. This credit is available for tuition and required fees less grants, scholarships, and other tax-free educational assistance and will be available for payments made after December 31, 1997, for college enrollment after that date.
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Free Application for Federal Student Aid
Comprehending and correctly filing a FAFSA is necessary to qualify for large loans, such as the Federal Stafford Loan and PLUS Loan. Adhere to the set deadlines. FAFSA has an established deadline, but be sure to check out if the individual institutions have different dates for financial aid requests. The 2007-2008 FAFSA is the FAFSA form for the academic year beginning on July 1, 2007. The start of this years filing began on January 1, 2007. Filing the application ASAP is the best way to gauge how much financial aid you have the opportunity to receive, especially if you're requesting consideration for limited funding. You can find your FAFSA application and more information at www.fafsa.ed.gov.
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Federal Family Education Loan Program
For a complete and current manual regarding FFELP update, policy changes, and information, click here.
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Your Guide to Understanding More
Understanding the Hope Scholarship Tax Credit
Understanding the Lifetime Learning Tax Credit
Understanding the Tuition and Fees Tax Deduction
Related IRS Publications
PDF Version of Parent and Student Guide to Federal Tax Benefits for Tuition and Fees
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Read EdFed's Articles
For everything you need to know on student loan consolidation and important, lending information, please visit our articles archives and newsroom.
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Resources
Federal Student Aid (FSA)
Scholarship Search
National Student Loan Data System
Student Aid on the Web
Free Application for Federal Student Aid
Tax Benefits Guide
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How EdFed Helped others!
GREAT! That is the one word that would describe my experience with EdFed. I had an outstanding balance of over $100,000 in loans from medical school and they helped me save tens of thousands of dollars with their payment incentives. Thanks EdFed.
- Ellen R.  Cambridge, MA
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Student Loan Consolidation Info - How to Choose the Right Loan Company

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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

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Our Select 2/Graduated Payments repayment option allows for interest-only payments for the first 2 years of repayment. In the third year, payments increase to level installments of principal and interest payments for the remaining term of the loan.
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EdFed is a FFELP lender with lender identification number 834241.
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