Political Quotes

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…

On the recordJuly 9, 1998
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.
Said by
Asa Hutchinson
Arkansas

Editor's note · Context

Addressing concerns about federal guarantees for student loan agencies during a debate.

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