H.R. 6889 would extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year.

== Detailed Summary ==

<summary>
(Log in<b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b>

Amends the Higher Education Act of 1965 to editextend by one year, from July 2009 to July 2010, the wiki and beSecretary of Education's authority to purchase, or enter into forward commitments to purchase, Federal Family Education Loans (FFELs) from lenders upon the firstdetermination that there is an inadequate availability of loan capital to provide a detailed summarymeet the demand for such loans.

Extends by one year, from June 30, 2009 to June 30, 2010, the authority of institutions of higher education (IHEs), with the bill!)Secretary's approval, to participate in the FFEL lender-of-last-resort program for borrowers otherwise unable to obtain such loans; thereby requiring guaranty agencies serving as lenders-of-last-resort to make FFELs to student and parent borrowers of such IHEs, until such date, regardless of their ability to otherwise obtain such loans.
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== Status of the Legislation ==

<status>
Latest Major Action: 9/15/2008: Passed/agreed9/26/2008: Presented to in House. Status: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 368 - 4 (Roll no. 591).President.
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== Points in Favor ==

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== Points Against ==

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