The Daily Caller65%
Student Loan Purchase Programs Under the Ensuring Continued Access to Student Loans Act of 20081%
By Steve Zehngut0%
5/27/2009, 7:19:00 PM
BS Summary: This article contains 0 faulty reasoning types, including no named faulty reasoning patterns yet, with no single egregious example has been isolated yet. Analysis detected 0 faulty-reasoning hits from 185 analyzed words, generating a BS Score of 0% and a BS Rank of 1% (15,604 of 15,673 articles). This article is better (less manipulative) than 99.60% of the article peer group.
May 27, 2009 3:19 PM ET
Click here to download a PDF copy of this report.
In May of 2008, Congress passed the Ensuring Continued Access to Student Loans Act (ECASLA) in response to concern that credit market conditions could disrupt federal student loan availability. The law gives the U.S. Department of Education temporary authority to purchase federally backed student loans made by private lenders, effectively providing a secondary market for the loans. Congress opted to leave the new purchase authority largely undefined in statute, giving the Department considerable discretion to design and administer it.
To date, the Department has created four separate loan purchase arrangements under ECASLA: a put option; a short-term purchase program; a financing arrangement; and an asset-backed commercial paper support program. This issue brief provides a detailed description of these arrangements and has been updated with new information since originally published in January 2009.
To read the full report, download the PDF at right under “related files.”
Student Loan Purchase Programs Under ECASLA 2008 (10pp, PDF)
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185 words analyzed.
Analysis
Hover over highlighted words in the article to view the associated bias or fallacy analysis.