First published in December 1995, the Common Manual is a cooperative effort of the nation’s guarantors that currently participate in the Federal Family Education Loan Program (FFELP). The Common Manual is an indispensable resource for participants in the FFELP program and contains up-to-date federal student loan information. The manual is one of many efforts by guarantors to simplify and streamline the federal rules and regulations for the FFELP program, and provides a single, standardized policy guidance for schools and lenders.