Spread Vol To Follow On Student Loan Act
The College Cost Reduction and Access Act, which passed both the House of Representatives and the Senate on Sept. 7, included a cut in lender subsidies by 55 basis points in the special allowance payment for new loans made by for-profit lenders and 40 basis points in SAP for new loans made by non-profit lenders.
The recent student loan legislation may add some spread volatility to future student loan asset-backed securities. The College Cost Reduction and Access Act, which passed both the House of Representatives and the Senateon Sept. 7, included a cut in lender subsidies by 55 basis points in
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