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Is American Student Assistance a federal loan?

American Student Assistance (ASA) is a nonprofit guarantor for the Federal Family Education Loan Program (FFELP). ECMC is providing services for ASA to support borrowers with their federal student loans.

Is Asa a non profit?

A national non-profit, American Student Assistance (ASA) has been pioneering solutions to help students for more than 60 years.

Is Federal Student Aid the same as a loan?

Federal Student Aid offers three types of financial aid. Grants: Financial aid that generally doesnt have to be repaid. Loans: Borrowed money for college or career school; your loans must be repaid with interest.

What are examples of federal student loans?

Types of federal student loans Direct Subsidized Loans. Direct Unsubsidized Loans. Direct PLUS Loans, of which there are two types: Grad PLUS Loans for graduate and professional students, as well as loans that can be issued to a students parents, also known as Parent PLUS Loans.

Is a fafsa loan a federal loan?

To apply for a federal student loan, you must first complete and submit a Free Application for Federal Student Aid (FAFSA) form. Based on the results of your FAFSA form, your college or career school will send you a financial aid offer, which may include federal student loans.

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