News
Lendor of Last Resort Information
The following information was made available by EdFund:
Although recent announcements from several lenders regarding their willingness to make loans to all students and parents at all schools have made the need for a Lender of Last Resort (LLR) Program less pressing, EdFund and CSAC have implemented a sturdy LLR program that provides a safety net to ensure California borrowers have access to educational loan funding.
For more information regarding the LLR program, colleges and universities can access information here.
EdFund/CSAC have also developed an informational flyer in PDF format that can be provided to students and families if needed. This informational flyer can be accessed here.
If you have additional questions regarding the LLR program, please contact your EdFund Client Relations Manager.
If you have news items or topics* that you would like to see posted here, please email CAPPS at info@cappsonline.org.
*Appropriate items include sector specific news such as Bureau, legal, legislative or any other topic that impacts the industry as a whole. Please note that not everything submitted will be posted. Please do not send press releases regarding promotions, new hires or any other topic that does not benefit the sector as a whole.