Family Education Loan (FFEL) Stafford loans are administered by the Department of Education, and MHGS participates in the FFEL Program which allows students to borrow FFEL Stafford Loan funds from a lender (bank, credit union or financial institution) of their choice (note: only financial institutions that participate in the FFEL Program can be used.) Each lender offers different student benefits and students should research the lender that best suits their needs.