FISL Program definition
FISL Program means the federal loan insurance program created under the Higher Education Act whereby the Secretary of Education directly insures the repayment of at least eighty percent (80%) of the principal of (or in certain cases up to one hundred percent (100%) of the principal of and accrued interest on) student loans under the Higher Education Act.
FISL Program means the federal loan insurance program created under the Act, whereby the Secretary directly insures the repayment of 100% of the principal of and accrued interest on student loans under the Act.