Department of Education December 18, 2008 – Federal Register Recent Federal Regulation Documents

On December 2, 2008, the Department of Education, the Department of the Treasury, and the Office of Management and Budget (collectively, ``Secretaries and Director'') jointly published a notice in the Federal Register (73 FR 73263) announcing the terms and conditions under which the Department will purchase loans pursuant to section 459A of the Higher Education Act of 1965, as amended (HEA), enacted by the Ensuring Continued Access to Student Loans Act of 2008 (Pub. L. 110-227) and amended by Public Law 110-315 and Public Law 110- 350 (December 2 Notice). The terms and conditions announced in the December 2 Notice apply to the purchase of Federal Family Education Loan Program (``FFELP'') loans made for the 2007-2008 academic year (the ``Short-term Purchase Program''). Included as an appendix to the December 2 Notice was the Master Loan Sale Agreement under which these purchases will be made. This notice makes three corrections to the December 2 Notice.