Life of Loan/Loan Basics (FFELP & Private). Brenda Dillon VP, Product Management KeyBank. Federal and Private Process Overview. Agenda FFELP Loan Overview FFELP Process Private Loan Overview Private Loan Process Processing Methods Loan Sales. FFELP Overview. Federal Stafford Loan
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Life of Loan/Loan Basics(FFELP & Private)
VP, Product Management
insurance agency for the federal loan.
Many guarantors and lenders work together to handle pieces of the loan originations process.
to the school and the lender
Credit Check ( PLUS Loans Only)
(STAN – Student Authentication Network)
Open Platform) disburses funds
on lender’s behalf
drops below ½ time
Private Loan Purchase Program
Thank You and