Issue review : projected impact of elimination of the Federal Family Education Loan Program.

(2010) Issue review : projected impact of elimination of the Federal Family Education Loan Program. Legislative Services Agency (Legislative Service Bureau)

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11-18-10 Projected Impact of Elimination of the Federal Family Education Loan Program.mp3

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Abstract

The federal Health Care and Education Reconciliation Act of 2010 ended the Federal Family Education Loan Program, or FFELP, and no new FFELP loans will be issued after June 30, 2010. The Iowa College Student Aid Commission received approximately 14 million dollars of its 14.7 million dollar fiscal year 2010 administrative budget from the various fees associated with the FFELP program and services. With the cessation of FFELP loans, the commission project's revenues will decline, as the currently existing FFELP loans are paid off, beginning with a 2.7 million dollar decline in fiscal year 2011. This issue review examines the prison system fiscal year 2010 budget, including receipts and expenditures, average annual costs, personnel and inmate assaults.

Item Type: Audio
Keywords: student loans
Subjects: Education
Education > Education programs
Education > Educational finance
ID Code: 18883
Deposited By: Timothy Skeers
Deposited On: 13 Feb 2015 19:21
Last Modified: 13 Feb 2015 19:21
URI: http://publications.iowa.gov/id/eprint/18883