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(FFEL) Subject: Letter from Education Secretary Margaret Spellings regarding continued implementation of the Ensuring Continued Access to Student Loans Act of 2008.

Posted Date:November 20, 2008

Author: James Manning, Acting Chief Operating Officer, Federal Student Aid

Subject: Letter from Education Secretary Margaret Spellings regarding continued implementation of the Ensuring Continued Access to Student Loans Act of 2008.

Attached to this announcement is a copy of a letter from Secretary of Education Margaret Spellings providing information on how the Department of Education will use the Secretary's existing authority to purchase 2007-2008 FFEL Program loans to address issues of liquidity in the student loan market.


Last Modified: 11/19/2008