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Title edit
NELA : Northwest Education Loan Association
Description edit
Northwest Education Loan Association (NELA) is a not-for-profit guaranty agency that works in partnership with schools, banks and other lending institutions to help students continue their education. NELA administers the Federal Family Education Loan Program (FFELP) and guarantees the loans against default. This guarantee allows commercial lenders to make loans to students, who often have no collateral or credit history.
Services
Since many college-bound students are also first-time borrowers, NELA provides informational publications, resources and counseling services to help simplify complex student aid information. Students and their families can learn more about the FFELP loan programs available to them, as well as develop a better understanding of their rights and responsibilities as borrowers.
Area of Service
NELA is the designated guarantor for the states of Washington and Idaho, and primarily services the Western states. Incorporated in 1978, the agency is headquartered in Seattle, Washington.
Languages edit
English
Contact edit
- Northwest Education Loan Association
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- Indianapolis IN
- US 46256
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- 10475
Logos edit
