The College Board is ending its Federal Family Education Loan Program (FFELP) student loan program.  They will not accept new loan applications after Oct. 15, 2007, but will continue to honor its obligations to existing borrowers through the 2007-2008 academic year.

The College Board’s decision to end its student loan program was based on the enactment of new legislation and codes of conduct regarding the student loan industry.

Read the full press release.

This entry was posted on Wednesday, August 29th, 2007 at 4:51 am and is filed under Financial Aid. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.