Fitch Teleconf Tomorrow: Examining the U.S. Student Loan Industry in Light of Growth, Changes.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch fitch: see polecat. will hold a conference call tomorrow (Thursday, Feb. 8 at 10 a.m. ET) to examine the student loan industry in light of changes and recent growth. Analysts will focus on the legislative risk inherent in the industry, growth in private education loans and associated credit risks, and student loan funding diversity and necessary credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing levels. Fitch believes consistent increases in tuition costs and enrollment levels have combined to produce substantial growth in the U.S. student loan industry over the last decade. Moreover, participants in the Federal Family Education Loan Program The Federal Family Education Loan Program (FFELP) is a United States Department of Education program that provides for private organizations to market, originate, and service federally guaranteed loans, such as Stafford and PLUS loans to students and their parents. (FFELP FFELP Federal Family Education Loan Program ) have benefited from this trend, but private education loan providers have experienced even greater growth as student borrowers increasingly seek private loans to fund the growing gap between federal aid and college expenses. Encompassing much of these trends is the continued politically charged process -- which includes the President's 2008 budget -- as educational funding reform takes up debate following the 2007 Republican-to-Democrat power shift in Congress. What this all means for the student loan process is also the subject of a Fitch Special Report 'An Education in Student Lending,' released earlier this week. In the report, Fitch examines the industry in light of recent growth trends and takes a closer look at the student lending process, legislation, loan types, and industry economics. In addition, the teleconference and report will explore the roles of the major participants in the student lending process. Conference Call: Feb. 8, 2007 at 10 a.m. ET Teleconference Participants (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ): 877-241-2557 Teleconference Participants (International): 706-643-7396 Conference ID: '8396909' Conference Leader: Meghan Crowe Or, listen via Web: http://audioevent.mshow.com/322846 A Call Replay will be available one hour after the call concludes and will be archived for two weeks. To listen to the Replay: US Replay: 800-642-1687 International Replay: 706-645-9291 Web Replay: http://audioevent.mshow.com/322846 A copy of the Special Report, 'An Education in Student Lending,' is now available on the Fitch web site at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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