The Department of Education (DOE) on Oct. 10 made amendments to its Loan Purchase Commitment Program and its Loan Participation Program. Under these programs, the DOE could purchase eligible FFELP loans that were made for the 2008-2009 academic year, or those originated after May 1.

While the student loan industry applauds the efforts made by the government to inject liquidity into the sector, outstanding issues remain to be addressed. Panelists at Information Management Network's 14th Annual ABS East last week discussed these problems, specifically the overhang of loans - under both government and private lending programs - that still need to find funding.

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