NASFAA To Respond To LLR Provisions In ECASLA Dear Colleague Letter

Abstract: Dear Colleague Letter GEN-08-08, released yesterday afternoon, provides a summary of the recently enacted Ensuring Continued Access to Student Loans Act (ECASLA) and the actions the Department is taking to help ensure that postsecondary students and their parents have access to federal student loans. While many of the details in the DCL have appeared in previous Department communications, the letter offered new guidance on lender of last resort (LLR) provisions and extenuating circumstances for PLUS loans.

The full article was originally published in NASFAA’s Today’s News on 6/20/08.