Meaning Guarantee Agency
What does Guarantee Agency mean? Here you find 3 meanings of the word Guarantee Agency. You can also add a definition of Guarantee Agency yourself
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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.
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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.
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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 [..]
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