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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.

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.

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