Financial Aid Administrators Call on Congress to Support the FFELP

In response to proposals in Washington to cut the private sector student lending program, financial aid administrators at colleges and universities across the country are voicing their support of the Federal Family Education Loan Program (FFELP). The FFELP currently serves 80 percent of all students who borrow to pay for college and plays a crucial role in the delivery of aid and benefits to students and parents.
      
Financial aid administrators and school officials expressed concern that the proposed cuts will significantly increase the cost of college for students and families, greatly diminish services, and will dramatically reduce competition by squeezing many student loan providers out of the market. School officials are also worried that cuts to the FFELP will limit choice and force colleges and universities to participate in the cumbersome and costly government run student loan program (Direct Lending) that has already cost students, families and taxpayers billions.

You can read some letters of recommendation here.