The American Securitization Forum (ASF) and the Securities Industry and Financial Markets Association (SIFMA) sent a joint letter to Senators Edward Kennedy (D-Mass.) and Michael Enzi (R-Wy.), calling for restraint on student loan reform legislation. Kennedy and Enzi are chairmen of the committee on Health, Education, Labor and Pensions committee.
Specifically, the letter takes aim at the committee's plans to increase obligation fees and reduce loan guarantees and yields in the Federal Family Education Loan Program (FFELP) program.