The Department of Education (ED) announced it will purchase Stafford/PLUS FFELP loans for the 2007-2008 academic year at a purchase price of 97% of principal and unpaid interest. 

Eligible lenders can sell 2007-2008 loans until the earlier of the operational date of the ABCP program under Ensuring Continued Access to Student Loans Act (ECASLA) and Feb, 28, 2009.

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