Shoptalk 543, March 9, 2010

Policy Resources

Ask the Policy Expert

Q.: While I understand that ED's temporary authority to purchase FFELP loans under the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA) is currently set to expire on September 30, 2010, is the additional $2,000 the unsubsidized Stafford annual loan limit for dependent undergraduate students created by this legislation set to expire as well?

A: No. The additional $2,000 unsubsidized Stafford annual loan limit for dependent undergraduate students that was created under ECASLA is a permanent change to Section 428H of the Higher Education Act of 1965, as amended. The provision in the law specific to this additional annual limit does not contain an expiration date.

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