H.R. 5914 would clarify the authority of the Federal Financing Bank to purchase loans guaranteed under part B of title IV of the Higher Education Act of 1965.

== Detailed Summary ==

<summary>
(LogStudent Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to: (1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loans; (2) advance funds to editeligible lenders for the wikipurpose of originating or purchasing FFELs; and be the first(3) invest in securities collateralized with FFELs.

Prohibits such FFEL purchases from resulting in any net cost to provide a detailed summarythe federal government.

Permits the Secretary of the bill!)Treasury to extend the Bank's authority to take such actions beyond July 1, 2009, if economic conditions threaten timely, uninterrupted access to student loans.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 4/29/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.
</status>

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== Points in Favor ==

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== Points Against ==

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