On the recordSeptember 7, 2007
I, too, thank Senator Alexander for his commitment to students in his State and across the country, and to the public purpose mission of nonprofits, such as EdSouth and, in my home State of Wyoming, the Wyoming Student Loan Corporation. I appreciate him taking the time to clarify this issue. I, too, agree with my colleague regarding his explanation of the intent of the bill with regard to nonprofit entities that provide Federal student loans through eligible lender trustees. And I join Chairman Kennedy in his commitment to make any further clarifications necessary to ensure that existing nonprofit loan providers that use eligible lender trustees will be able to benefit from the differential special allowance payment.
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