Ensuring Continued Access to Student Loans Act (ECASLA) of 2008
On May 7, 2008, the President signed the Ensuring Continued Access to Student Loans Act of 2008 (Pub. Law 110-227) into law. The legislation authorizes the Department of Education to purchase federal student loans from lenders to ensure ongoing liquidity and availability of funds for student loans.
To learn about the ‘Put’ process for loans, specifically the new data specifications for providing notification on ‘Put’ loans, click the link to the left.