Number: R40122 Title: Federal Student Loans Made Under the Federal Family Education Loan Program and the William D Ford Federal Direct Loan Program: Terms and Conditions for Borrowers Authors: David P. Smole, Specialist in Education Policy Abstract: This report describes currently effective provisions of the FFEL and DL programs and reflects amendments that have been enacted through November 2008, including those enacted in the 110th Congress under the College Cost Reduction and Access Act (CCRAA; P.L. 110-84),5 the Ensuring Continued Access to Student Loans Act (ECASLA; P.L. 110-227),6 and the Higher Education Opportunity Act (HEOA; P.L. 110-315).7 It also discusses recently enacted amendments that take effect prospectively or that are temporary in duration. Pages: 57 Date: December 15, 2008