22) For additional information on increased borrowing limits enacted under the ECASLA
, and as amended by the HEOA, see CRS Report RL34452, The Ensuring Continued Access to Student Loans Act of 2008, by David P.
Kantrowitz figures those wrinkles in the current ECASLA
format would cost about $10 billion a year.
With lenders currently committing loan volume to colleges and universities for the upcoming school year, Secretary Spellings and Treasury Secretary Henry Paulson detailed their experience and success at improving the functioning of the loan marketplace and providing liquidity and stability in the near term under the Ensuring Continued Access to Student Loans Act (ECASLA
) and outlined additional action to implement the extended ECASLA
Our ability to continue to meet students' needs in this environment is the direct result of the ECASLA
legislation championed by Chairmen Miller and Kennedy," Mr.