Voluntary Flexible Agreements
A notice was published in the Federal Register on August 14, 2013 inviting guaranty agencies to submit Letters of Request to the Secretary for a Voluntary Flexible Agreement (VFA) as authorized by Section 428A of the Higher Education Act. The deadline for a guaranty agency to submit a Letter of Request for a VFA is September 13, 2013. Specific information regarding the Letter of Request is outlined in the Federal Register.
The Voluntary Flexible Agreements will be posted when they are finalized.
The Letters of Request for a VFA submitted by the September 13, 2013 deadline will be provided here on a future date.
On August 22, 2013, CEOs of all FFEL guaranty agencies were invited to participate in a conference call for a brief overview of the Federal Register notice and to address questions in preparation of their Letters of Request for a VFA.
On August 12, 2013, Federal Student Aid sent a letter to Guaranty Agency CEOs regarding information about the August 14, 2013 Federal Register notice.
The following Questions and Answers provide additional information and guidance as agencies prepare for the submission of the Letter of Request for a VFA. Guaranty agencies must follow the notice published in the Federal Register on August 14, 2013 to ensure that the proposals are complete prior to submission to the U.S. Department of Education.