The College Board Ends Its Student Loan Program

The College Board is ending its role as a lender in the Federal Family Education Loan Program (FFELP) and will not accept new loan applications after Oct. 15, 2007.

The College Board will continue to honor its obligations to existing borrowers through the 2007-2008 academic year.

The College Board’s decision to end its student loan program was based on the enactment of new legislation and codes of conduct regarding the student loan industry.

Read the full release.