If I might respond, if I understand what you have just read from the law, that while that ensures the fact the Federal Government is the ultimate guarantor, that that only occurs when the guaranty foundation, the guaranty agency, has faced solvency, and that is my very concern. Yes, while there may be an ultimate protection, before that ultimate protection is realized, the agencies that have served our students so well would, in fact, face insolvency. That is my concern for the State of Arkansas; that is my concern for the students of Arkansas.
Asa Hutchinson: “If I might respond, if I understand what you have just read from the law, that while that ensures the fact the Federal…”
Editor's note · Context
Addressing concerns about federal guarantees for student loan agencies during a debate.
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