According to financial aid officials at 2-year and less-than-2-year schools we visited, prior to the Direct Loan Program, some FFELP lenders refused to lend to students at their schools because some of their graduates did not repay their loans on time. In contrast, financial aid officials at public and private 4-year schools we visited said that they did not have any problems finding lenders to serve their students, and FFELP lenders actively marketed their products to them and their students
