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The NAICU Discussion Section
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Economic, cost, and affordability trends in private higher education
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NAICU in Action
Find more info on NAICU issues and initiatives:
- U-CAN: Get the facts for a smart college choice
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Bush Weighs Federal Aid to Student Loan Auction-Rate Issuers
Bloomberg News
July 10, 2008
A senior adviser to U.S. Treasury Secretary Henry Paulson is working with Undersecretary for Education Sara Martinez Tucker on a plan to help issuers of student loan-backed securities refinance all their $85 billion in outstanding auction-rate debt. Student loan auction-rate securities have emerged as among the most toxic of the debt since Wall Street dealers abandoned the $330 billion market in February amid slumping demand and worries that bond insurers guaranteeing the debt would be downgraded
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