Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Dept. of Educ.

Student Loan Guarantees

May 7, 2008
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.


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 ( Amount spent current as of 11/20/2009. Deficit Impact unknown.

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