Student Loan Guarantees

suggp — Fri, 10 Jul 2009 19:13:11 +0000

Date:

May 7, 2008

Who:

Dept. of Educ.

Policy Area:

Financial Sector Policy

Economic Target:

Financial Institutions

Action Type:

Government Guarantee

Maximum Amount:

130000000000

Maximum Amount Special Symbol:

Amount Spent:

63719000000

Deficit Impact Special Symbol:

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:

Monthly Treasury October 2009

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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Stimulus.org - Dept. of Educ.

Student Loan Guarantees