The enactment of the Student Aid and Fiscal Responsibility Act of 2009 (SAFRA) would mean the elimination of the Federal Family Education Loan Program (FFELP), according to Bank of America/Merrill Lynch analysts.

FFELP lenders would no longer originate new loans, and would therefore no longer receive the revenue generated by such action. SAFRA, however, would employ the use of multiple servicers, which could ease the negative impact on FFELP participants.

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