Indeed, research suggests that dramatic economic events, such  in the 2010–11 academic year. During that same period, total federal loans originated increased from $ billion to $ billion. Federal student loan programs also changed significantly during this time.
In 2010, the Congress eliminated the Federal Family Education Loan Program, which provided a federal guarantee for student loans originated by private lenders, leading to a sharp increase in the number of students borrowing directly from the U.S. Department of Education through the Federal Direct Loan Program.