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Fast Facts

Since the creation of federal student loan programs, more than $485 billion in federal student loans have financed the higher education dreams of more than 50 million students at more than 6,000 schools across the nation.

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QUOTES

"Millions and millions of poor and middle-income students rely on student loans to pay for their education. Without these loans, these children and young adults would be left behind."

Sen. Harry Reid (D-Nevada)
Senate Majority Whip
April 29, 2002


"Our nation's higher education loan system under the Federal Family Education Loan Program (FFELP) is an example of government at its best. By working in partnership with students, parents, colleges and universities and private sector loan providers, the federal government has made the dream of college a reality for more than 50 million Americans since 1965."

Rep. Tom Davis (R-VA)
December 19, 2001