Kim, Salle Mae Would not Promote Combination Financing,» Wall structure Street Log, , p
Institution of Education, Agency of Treasury, Place of work regarding Administration and Budget, «Observe out-of terms and conditions out-of purchase of finance within the Making certain Proceeded Accessibility Figuratively speaking Operate of 2008,» 73 Federal Register 127, , p. 37423.
Such, Sallie Mae launched so it do not pay a 1.5% loan origination commission on the part of people taking out Stafford loans. Jane J. B2.
Thomas Hungerford and you can W. Upshaw, Federal Borrowing from the bank Software and Cointegration: possible out-of Student loans, Business economics away from Training Review, vol. 13, Sept. 1994, pp. 235-242.
Unique allowance repayments getting FFEL Stafford loans disbursed in advance of , was centered on prices to possess 91-date Treasury costs
Having an in depth need of the auction-speed securities field, pick Douglas Skarr, «Public auction Rate Ties,» California Obligations and you will Resource Advisory Commission Topic Temporary, , available at .
You to definitely economic blogger dubbed the market-rates ties market a beneficial «historical relic.» Aline van Duyn, «Little danger of hushed farewell for market rate bonds,» Monetary Times, , available at .
When you look at the 2006, this new U.S. Securities and you can Exchange Percentage (SEC) sanctioned 15 agent/people to possess irregularities from inside the market-rates bonds places. See SEC Administrative Proceeding Document Zero. 3-12310, Comes to Sustain, Stearns & Co. Inc., et al. (cease-and-desist order, ), offered at .
Summons and grievance, Cuomo v. UBS Securities LLC, mais aussi al., instance 650262-2008, submitted regarding Finest Court of new York (New york County), available at drive/2008/july/UBS.pdf .
Having a reason of the latest improvements looking for market speed bonds, look for Gretchen Morgenson, «It’s an extended, Cool, Cashless Siege,» Nyc Moments, .
Lucas and you can Moore vie that practical types of measuring the latest financial will cost you from financing apps on the federal government understate the real financial will cost you ones loans
Question along the financial condition of some bond insurance providers might have been cited because the a cause of brand new incapacity away from deals having municipal bonds. «Market rate bonds unwinding,» Monetary Moments, .
Such as, Nuveen Investments and you can Eaton Vance Management provides established intends to write brand new forms of varying-speed securities. «Finance Director Would be to Re-finance Stalled Market-Speed Notes,» New york Moments, , p. C8.
George Miller, Couch of the property Degree and Work Committee, and you may Edward Kennedy, Sofa of Senate Studies and you will Labor Committee, page in order to Assistant away from Studies , offered at .
Howard (Buck) McKeon, Ranks Person in our house Degree and you may Work Panel and you can Ric Keller, Senior Republican, Subcommittee into Advanced schooling, Lifelong Discovering and you may Competition, page so you’re able to Secretary regarding Training , available at pdf .
Department out of Degree, Institution of your own Treasury, Place of work off Management and you will Funds, «Observe out-of conditions and terms of acquisition of fund according to the Making sure Proceeded Accessibility Student education loans Operate of 2008, 73 Government Sign in 127, , offered at .
Get a hold of Deborah Lucas and you will Damien Moore, «Guaranteed Versus Lead Lending: The situation out-of College loans,» Congressional Finances Office Doing work Papers 2007-09, , available at .
The fresh Agencies off Degree concluded that in an extreme condition when you look at the that your authorities ordered every FFEL fund got its start with the 2008-2009 academic seasons, «charges for both Pick System together with Contribution System have been economical on Regulators compared to the standard subsidy will cost you having FFELP money prices for the fresh FFELP standard inside several months.» Other conditions, with respect to the Department’s data, the mortgage Pick System might be cheaper on the regulators than simply set up a baseline scenario. Ibid. In addition to find talk of Federal Credit Change Operate of 1990 as well as the formula of subsidy will cost you later inside declaration.
Jean-Charles Rochet and you can Xavier Vives, «Dexterity Failures together with Financial away from Last resource: Was Bagehot Following All of the?» Diary of your Eu Economic Association, , vol. dos, zero. six, pp. 1116-1147.