U.S. Congress - H.R.5914 Student Loan Access Act of 2008
H.R.5914 - Student Loan Access Act of 2008
To clarify the authority of the Federal Financing Bank to purchase loans guaranteed under part B of title IV of the Higher Education Act of 1965, and for other purposes. view all titles (2)
All Bill Titles
- Short: Student Loan Access Act of 2008 as introduced.
- Official: To clarify the authority of the Federal Financing Bank to purchase loans guaranteed under part B of title IV of the Higher Education Act of 1965, and for other purposes. as introduced.
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Official Summary
4/29/2008--Introduced.Student Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to: (1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loaOfficial Summary
4/29/2008--Introduced.Student Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to:
(1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loans;
(2) advance funds to eligible lenders for the purpose of originating or purchasing FFELs; and
(3) invest in securities collateralized with FFELs. Prohibits such FFEL purchases from resulting in any net cost to the federal government. Permits the Secretary of the Treasury to extend the Bank's authority to take such actions beyond July 1, 2009, if economic conditions threaten timely, uninterrupted access to student loans.
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Recent Blog Coverage
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Congressman Latham Discusses Protection of Student Loans with Iowa ...
Congressman Latham is expected to cosponsor H.R. 5914, the Student Loan Access Act, which would help ensure uninterrupted access to student loans for Iowa students by shoring up liquidity for student loans in dire situations ...
Federal Student Loan: Extended to 2010?
They were actually the one seeking support for the HR 5914, the Student Loan Access Act of 2008. This Act has something to do upon giving non-profit student loan lenders access to the Federal Financing Bank for funding student loans. ...
Federal Student Loan: Extended to 2010?
They were actually the one seeking support for the HR 5914, the Student Loan Access Act of 2008. This Act has something to do upon giving non-profit student loan lenders access to the Federal Financing Bank for funding student loans. ...
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