Dept. of Educ.
Student Loan Guarantees
Date:
May 7, 2008
Who:
Dept. of Educ.
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Government Guarantee
Maximum Amount:
> $130.00 billion
Amount Spent:
$63.72 billion Purchase of student loans and participation interests in student loans from lenders in order to improve liquidity and ensure the continuation of student loans.
Source:
Notes:
Maximum amount represents total market for student loans between 2003-2007 that were tied to eligible securities. This amount may increase in succeeding years with demand for new student loans. Authority subject to a requirement that purchases not have any net costs (http://www.cbo.gov/ftpdocs/92xx/doc9213/hr5715.pdf). Amount spent current as of 11/20/2009. Deficit Impact unknown.
