Amy Resnick's Bondbits: Counting on Kids
Alaska expects to issue a $75 million tax-exempt bond this year, backed by a pledge of the payments on student loans in its 2003 consolidation loan portfolio.
Alaska expects to issue a $75 million tax-exempt bond this year, backed by a pledge of the payments on student loans in its 2003 consolidation loan portfolio. The issuing agency will be the Alaska Student Loan Corp. The money raised will go directly into state coffers, a repayment for some of the $300 million the state loaned the corporation at start up--and a help in balancing Alaska's fiscal 2005 budget.
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