Loan Policy and Regulations

USA Funds^® offers its education-loan program partners—educational and financial institutions—resources to help them follow the rules of the student-loan program.

For guidance on key loan-policy issues, you can download the Common Manual. For specific regulatory language, we offer a compilation of Federal Family Education Loan Program (FFELP) regulations. For timely guidance on a specific policy question, you can browse our archive of Dear Colleague letters. Financial-aid professionals and education lenders can refer to the latest borrower interest rates and special allowance rates.

USA Funds' policies offer guidance unique to USA Funds. These policies either are not covered in the Common Manual or differ from Common Manual policies and procedures.

We also offer you tools to support your compliance with federal student-aid regulations and to help you prepare for program reviews.

You can access information and tools to assist you with cohort-default-rate appeals.

We'll periodically post a frequently asked policy question from one of our partners along with our answer.

If you can't find answers to your loan-policy questions, send your question to our policy experts.