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Does the Department of Education have capacity to assume 100% of FFEL Loan Volume?

April 26, 2017assume Department Education FFEL loan volume

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Does the Department of Education have capacity to assume 100% of FFEL Loan Volume?

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Today, the Direct Loan program has ample capacity to assume significantly more origination volume with no impact to existing service levels and will be able to assume 100% of FFEL volume by the end of 2009. Currently, Direct Loan servicing can also assume significant more volume, including increased customer service activity. The Department is in the process of developing even more capacity over the next several months. These steps will mean that all aspects of the Direct Loan Program will be fully supported both prior to the start of 2010-2011 activity and when the program assumes 100% of the volume.