Direct-to-consumer private loans was the fastest growing segment of education finance with the "percentage of undergraduates obtaining private loans from 2003–04 to 2007–08 rose from 5 percent to 14 percent" and were under legislative scrutiny due to the lack of school certification. Loan providers range from large education finance companies to specialty companies that focus exclusively on this niche. Lenders often push such loans by advertising: "no FAFSA required," or "Funds disbursed directly to you." But since the passing of Health Care and Education Reconciliation Act of 2010(HCERA), the death knell sounded for private sector lending under the Federal Family Education Loan Program (FFELP). Since July 1, 2010, no new student loans have been made under the FFELP; all subsidized and unsubsidized Stafford loans, PLUS loans, and Consolidation loans have been made solely under the Federal Direct Loan Program.