The FFELP Lender of Last Resort (LLR) program was created to ensure that no qualified borrower at a qualifying institution would be denied access to a federally guaranteed student loan. As the auxiliary to the California Student Aid Commission (CSAC), EdFund can administer LLR loans for eligible borrowers attending institutions in California or California residents attending schools in another state. Additionally, according to Dear Colleague Letter (DCL) GEN-08-05, CSAC/EdFund can also provide LLR loans to institutions that have campuses in more than one state, based on their administrative processes, if the main campus (or administrative office) is located in California.
