1 |
Guarantee AgencyA guarantee agency or guarantor administers federal loans in the FFEL program, reimbursing lenders when a borrower defaults and collecting defaulted loans on behalf of the federal government.
|
2 |
Guarantee AgencyA third-party established to take partial responsibility of repaying a student loan debt in the event the original borrower does not repay a loan.
|
3 |
Guarantee AgencyA state or private nonprofit agency that has an agreement with the Secretary of Education to administer the FFEL program. The agency insures lenders against losses due to a borrower's default. Al [..]
|
<< Grade Level | HCERA >> |