Intermediate education agency. An education agency at the county or regional level that exists to provide specialized instructional and administrative support and services to local education agencies (e.g., educational service centers).
Individual Education Account. An Individual Education Account (IEA) is a federal program under which you can consolidate multiple federal education loans into a new, single account--this means you'll have to make only one monthly payment to cover all your loans. Even if you currently have only one loan to consolidate, there are still benefits to an IEA: you can choose from four repayment options--that is, you can pick the repayment option that is right for you. Also, the interest rate on your new loan may be lower. If you have questions about the Federal Direct Consolidation Loan Program or the Individual Education Account, contact the Direct Loan Servicing Center at: Direct Loan Servicing Center, Post Office Box 4609, Utica, New York, 13504-4609 or call 1-800-848-0979/(TDD) 1-800-848-0983 between 8:00 a.m. and 8:00 p.m., EST, Monday - Friday.