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Causes: Financial Institutions
Mission: Nela's mission is to enhance postsecondary education preparedness, access and success by providing and supporting financial and other valued services.
Programs: Collection on defaulted loans - nela successfully collected over $81. 3 million on defaulted educational loans in the current year.
guarantee services - maintains a portfolio over $3. 1 billion in outstanding educational loan guarantees in accordance with the higher education act of 1965, as amended.
default aversion - nela worked with borrowers and successfully averted defaults on over $753. 6 million of delinquent educational loans reported by lenders in the current year.
includes other guarantor revenues, as defined by the u. S. Higher education act and administrative fees charged for the administration of various loan programs.
This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.