Both Agreements contain sections providing for a “Commitment to Lend” under the FFEL Program. What does this commitment entail?
A9 The FFEL lender executing either of the Agreements represents that, at some point after the date of execution of the Agreement, and when funds become reasonably available from private sources, it will originate or purchase FFEL Program loans, either directly or through an Eligible Lender Trustee.
