Publication Date: September 14, 2007
Author: Jeff Baker, Director Policy Liaison and Implementation, Federal Student Aid
Summary: FFEL Prohibited Inducement Guidance
Posted on 09-14-2007
Attached to this announcement are three letters related to the statutory and regulatory requirements on the prohibition against improper inducements between FFEL lenders and guaranty agencies and schools. One is a copy of a letter recently sent by Secretary Spellings to the chief executive officers of all schools that participate in the FFEL Program.The other two are older letters that provide program participants with guidance on this important issue.