HR 5914
110th Congress
House
Education
Economics and Public Finance
Federally-guaranteed loans
Finance and Financial Sector
Higher education
Investments
Securities
Student loan funds
Student Loan Access Act of 2008
Introduced: April 29, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2008
Referred to the House Committee on Financial Services.
Apr 29, 2008
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1