Student Loan Purchase Programs Under the Ensuring Continued Access to Student Loans Act of 2008 ^⁠1%

5/27/2009, 7:19:00 PM

Keywords: Department Of The Treasury, Department Of Education, Subprime Mortgage Crisis, Congress

BS Summary: This article contains 4 faulty reasoning types, including Availability Heuristic, Attempt to Sell a Product or Service, and Ambiguity (Equivocation), with Recency Bias as the most egregious example at 16.2% saturation with 30 hits. Analysis detected 81 faulty-reasoning hits from 185 analyzed words, generating a BS Score of 0% and a BS Rank of ⁠1% (21,798 of 21,887 articles). This article is better (less manipulative) than 99.60% of the article peer group.

Confidence50%

underlinesheatmap

185 words

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)

185 words analyzed.

Speakers

1speaker29%attributed speech132writer words

53 attributed words100% of attributed speech39% writer coverage

Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.

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Analysis

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Student Loan Purchase Programs Under the Ensuring Continued Access to Student Loans Act of 2008 ^⁠1%

Speakers

U.S. Department of Education

Analysis

Biases

Fallacies

Manipulations

Student Loan Purchase Programs Under the Ensuring Continued Access to Student Loans Act of 2008 ⁠1%

Speakers

U.S. Department of Education

Analysis

Biases

Fallacies

Manipulations

Student Loan Purchase Programs Under the Ensuring Continued Access to Student Loans Act of 2008 ^⁠1%