6980 Student Aid Commission
Program Descriptions

50 - CALIFORNIA LOAN PROGRAM

Passage of the federal Health Care and Education Affordability Reconciliation Act of 2010 terminated the Federal Family Education Loan Program (FFELP) in July 2010 in favor of the Direct Loan Program where all loans originate from the United States Treasury. The United States Department of Education terminated its designation of the Commission as the guaranty agency and transferred that designation to a private entity on November 1, 2010.