Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Summary: Federal Family Education Loan Program Lender/Servicer Compliance Guide

Publication Date: March 30, 2004

Author: General Manager, FSA Financial Partners Services

Summary: Federal Family Education Loan Program Lender/Servicer Compliance Guide


Posted on 03-30-2004

To: Financial Partners

From General Manager, FSA Financial Partners Services

Subject: Federal Family Education Loan Program Lender/Servicer Compliance Guide.

Summary: Lender/Servicer Compliance Guide used in conducting program reviews of lenders, loan holders, servicers, and secondary markets participating in the Federal Family Education Loan Program

Attached is the Federal Family Education Loan Program Lender/Servicer Compliance Guide. The purpose of this guide is to provide information to those responsible for conducting program reviews of lenders, loan holders, servicers, and secondary markets participating in the Federal Family Education Loan (FFEL) program. The guide is intended for use by both guaranty agency and US Department of Education (ED) compliance staff.

Since each review and situation is unique, an all-inclusive guide would be impossible to create and maintain. This guide is divided into review elements that are considered to comprise a thorough and comprehensive review. Not every element applies to each review or situation. The reviewer must determine which elements are applicable and which might need to be altered given the circumstances of the review. For guaranty agency reviews, the scope may be changed due to unique, internal circumstances. The reason for the change in scope must be documented in the work papers. For example, the scope of a guaranty agency's review of loan documentation will be limited to loans guarantied by that agency.

If you have any questions on the content of the Lender/Servicer guide, contact your cognizant regional office.

FFEL Program Lender/Servicer Compliance Guide – REMOVED