Kim, Salle Mae Wouldn’t Offer Consolidation Money,” Wall structure Path Journal, , p

Company away from Degree, Agency of Treasury, Work environment regarding Government and you can Budget, “Observe from conditions and terms out of purchase of fund underneath the Guaranteeing Continued Accessibility College loans Work off 2008,” 73 Federal Register 127, , p. 37423.

Such as for instance, Sallie Mae established it would no further pay a 1.5% financing origination commission for children taking out Stafford finance. Jane J. B2.

Thomas Hungerford and W. Upshaw, Government Borrowing Apps and Cointegration: your situation out of Student loans, Business economics out of Degree Comment, vol. thirteen, Sept. 1994, pp. 235-242.

Unique allocation repayments to have FFEL Stafford money paid before , had been based on pricing to own 91-time Treasury expenses

To own an in depth cause of your own market-price bonds business, find Douglas Skarr, “Public auction Price Securities,” Ca Obligations and you can Resource Consultative Payment Question Brief, , offered by .

One to financial blogger called new auction-speed securities sector a beneficial “historic relic.” Aline van Duyn, “Absolutely nothing chance of silent goodbye having auction price bonds,” Monetary Times, , offered by .

Inside 2006, the U.S. Securities and you may Replace Fee (SEC) sanctioned fifteen agent/people to possess problems inside the auction-price securities places. Discover SEC Administrative Proceeding Document Zero. 3-12310, When it concerns Incur, Stearns & Co. Inc., ainsi que al. (cease-and-desist acquisition, ), available at .

Summons and you will ailment, Cuomo v. UBS Bonds LLC, et al., instance 650262-2008, recorded on Best Judge of brand new York (Ny County), offered at press/2008/july/UBS.pdf .

Getting a conclusion of recent developments in the market for market price securities, get a hold of Gretchen Morgenson, “It’s a lengthy, Cold, Cashless Siege,” Ny Times, .

Lucas and Moore participate that practical types of measuring new economic costs off loan apps towards national understate the genuine financial will cost you of these funds

Matter along side financial updates of some bond insurance companies might have been cited due to the fact a factor in the newest inability away from auctions to own municipal securities. “Market speed bonds relaxing,” Financial Minutes, .

Eg, Nuveen Opportunities and you can Eaton Vance Government possess revealed intentions to write the fresh new kinds of adjustable-speed ties. “Loans Director Is to Re-finance Stalled Public auction-Speed Cards,” New york Times, , p. C8.

George Miller, Chair of the property Training and you can Labor Committee, and you may Edward Kennedy, Sofa of the Senate Studies and you may Labor Panel, letter in order to Secretary regarding Education , offered by .

Howard (Buck) McKeon, Positions Person in our home Knowledge and you will Work Panel and you may Ric Keller, Elder Republican, Subcommittee to your Advanced schooling, Lifelong Training and you will Competition, letter to Secretary of Knowledge , offered by pdf .

Department away from Studies, Agencies of Treasury, Workplace from Government and Funds, “Observe out-of conditions and terms out of purchase of funds underneath the Making sure Proceeded Use of Student loans Work from 2008, 73 Federal Sign in 127, , available at .

Discover Deborah Lucas and you may Damien Moore, “Guaranteed Instead of Lead Financing: The way it is away from Student education loans,” Congressional Funds Work environment Performing Papers 2007-09, , available at .

New Agency regarding Degree determined that for the an extreme situation inside that authorities ordered all FFEL fund started to the 2008-2009 educational seasons, “costs for the Pick Program and Contribution System was indeed less costly towards Regulators compared to the baseline subsidy can cost you getting FFELP financing costs for this new FFELP standard within this several months.” Most other situations, depending on the Department’s studies, the loan Buy System would be less costly to your government than a baseline circumstance. Ibid. And discover dialogue of your Federal Borrowing from the bank Change Work of 1990 plus the formula off subsidy costs afterwards contained in this declaration.

Jean-Charles Rochet and you will Xavier Vives, “Control Disappointments and also the Lender out-of Final measure: Are Bagehot Immediately after All the?” Log of your own Eu Economic Connection, , vol. 2, no. six, pp. 1116-1147.