Company from Training, Institution of the Treasury, Work environment regarding Management and Funds, “Observe away from terms and conditions from acquisition of loans under the Making certain Went on Access to Student education loans Work from 2008,” 73 Government Sign in 127, , p. 37423.
Eg, Sallie Mae announced this do not pay a-1.5% mortgage origination fee for college students taking right out Stafford financing. Jane J. B2.
Thomas Hungerford and you can W. Upshaw, Government Borrowing from the bank Applications and you will Cointegration: happening out-of Figuratively speaking, Business economics from Degree Comment, vol. thirteen, Sept. 1994, pp. 235-242.
Unique allotment money to own FFEL Stafford funds paid before , was basically considering cost getting 91-day Treasury costs
For reveal need of one’s public auction-rates bonds field, pick Douglas Skarr, “Market Rate Bonds,” California Personal debt and Investment Advisory Payment Topic Short-term, , offered at .
You to definitely financial blogger called new auction-rates securities market a beneficial “historic relic.” Aline van Duyn, “Nothing likelihood of quiet farewell getting market price bonds,” Monetary Moments, , available at .
When you look at the 2006, the brand new U.S. Securities and you may Exchange Fee (SEC) approved fifteen broker/investors getting problems from inside the market-rates securities areas. Find SEC Management Proceeding Document No. 3-12310, In the matter of Incur, Stearns & Co. Inc., ainsi que al. (cease-and-desist order, ), offered at .
Summons and you will problem, Cuomo v. UBS Securities LLC, et al., case 650262-2008, filed in the Ultimate Courtroom of brand new York (Ny County), offered at drive/2008/july/UBS.pdf .
To possess an explanation of recent developments looking for auction rates bonds, pick Gretchen Morgenson, “It’s a lengthy, Cool, Cashless Siege,” New york Moments, .
Lucas and you can Moore vie one practical ways of computing the new financial will set you back regarding financing software with the authorities understate the true financial costs of them financing
Question across the monetary position of a few thread insurers has been quoted once the a factor in this new incapacity out of deals to have civil bonds. “Public auction rates ties relaxing,” Financial Moments, .
Such as, Nuveen Opportunities and Eaton Vance Management provides announced intends to develop the latest different adjustable-speed bonds. “Finance Manager Will be to Re-finance Stalled Public auction-Speed Cards,” New york Moments, , p. C8.
George Miller, Chair of the property Degree and you will Work Panel, and Edward Kennedy, Settee of Senate Training and you can Work Committee, page to Secretary regarding Education , offered at .
Howard (Buck) McKeon, Ranks Member of the house Education and Work Panel and you may Ric Keller, Elderly Republican, Subcommittee on Advanced schooling, Lifelong Learning and you can Competition, page to help you Secretary out-of Studies , available at pdf .
Institution regarding Studies, Agency of your own Treasury, Work environment away from Government and Funds, “See out of conditions and terms regarding purchase of fund under the Making certain Proceeded Usage of College loans Act out-of 2008, 73 Government Sign in 127, , available at .
Select Deborah Lucas and Damien Moore, “Guaranteed Rather than Lead Lending: The case regarding College loans,” Congressional Finances Workplace Performing Report 2007-09, , offered by .
The fresh new Agency off Training figured during the a severe condition into the that your government ordered all the FFEL financing began into the 2008-2009 instructional year, “costs for both Pick Program and Participation System had been cheaper to the Bodies compared to the brand new baseline subsidy can cost you having FFELP loans costs for this new FFELP standard within period.” Most other circumstances, depending on the Department’s data, the mortgage Pick System could be more affordable to your regulators than just a baseline circumstance. Ibid. As well as look for dialogue of your Federal Borrowing Reform Act away from 1990 together with computation from subsidy will set you back later on within declaration.
Jean-Charles Rochet and Xavier Vives, “Coordination Disappointments together with Lender away from Final resort: Try Bagehot Immediately after All of the?” Record of the European Economic Organization, , vol. dos, no. 6, pp. 1116-1147.