Republicans Seek to Extend ECASLA While Democrats Urge Schools To Go Direct

There’s good reason why aid administrators’ heads may be spinning this morning. The same day that ranking minority members on the House and Senate education committees introduced legislation to extend the Ensuring Continued Access to Student Loans Act (ECASLA), Democratic education leaders sent letters to college presidents urging them to be prepared to deploy the Direct Loan program for the 2010-11 academic year. All of this leaves schools wondering: Will there be a FFEL program next year?

The full article was originally published in NASFAA’s Today’s News on 11/19/09.