Page:United States Statutes at Large Volume 94 Part 2.djvu/177

 PUBLIC LAW 96-374—OCT. 3, 1980

94 STAT. 1455

"(H) the most appropriate source or sources of student loan capital considering both the cost and the reliability of adequate capital availability; (I) the appropriate level of public subsidy to students and parents for the cost of capital for student loans; "(J) the impact of the availability of Federal student financial assistance on the availability of student financial assistance from all other sources; "(K) the impact of the availability of student assistance, particularly from Federal sources, on the level of postsecondary education costs; "(L) the most appropriate mechanism to provide students and parents with the flexible repayment options and opportunities for consolidation of student loan indebtedness; "(M) means to remove barriers to capital availability caused by patterns of lender discrimination; "(N) the cost to the Federal Government of the arbitrage derived from revenue bonds issued by agencies for the purpose of making or purchasing loans under part B of this title and the appropriate role of such bonds as a mechanism for raising student loan capital; and "(O) the effectiveness in serving the purposes of this title of the existing formulas for allotment among the States in subpart 2 of part A and in parts C and E of this title. "(2) The Commission shall make a study of the insurance premium charged by an insurer pursuant to section 428(b)(l)(H) in order to determine if the rate of the insuremce premium exceeds the rate necessary to protect the reserves of the insurer and to determine if a statutory limit should be enacted for the rate of such premium. "(3)(A) The Commission shall make a study of an improved method or methods for determination of the quarterly rate of special allowances p£dd under part B of this title which the Commission determines will carry out the objectives set forth in section 438(a). "(B) The Commission shall make every effort to reach a unanimous decision with respect to the method for determination of the quarterly rate of the special allowances required to be studied by this paragraph. "(C) In developing the method for the determination of the quarterly rate of the special allowances under this paragraph, the Commission shall consider— "(i) the experiences of students and eligible lenders under the method in operation during the period of the study, "(ii) the administrative costs of various types of eligible lenders under part B of title IV, "(iii) relevant and widely available financial indicators which accurately reflect the costs of capital invested in programs under such part, or substitute financial indicators which equitably represent the cost of such capital, '(iv) an administrative mechanism necessary to produce a prompt and rapidly disseminated determination of the quarterly rate of the special allowances, in order to avoid delays in the determination and dissemination of that rate and in the actual payment of the special allowances to eligible lenders, and '(v) such other factors as the Commission considers necessary to carry out the purposes of section 438(a). "(4) The Commission shall conduct a study to determine if institutions of higher education which meet the requirements of section 1201(a) (other than the provisions of subclauses (A) and (B) of clause

79-194

O—81—pt. 2

12: QL3

20 USC 1071.

20 USC 1070b, 42 u s e 2751, 20 u s e 1088. Insurance premiums. Ante, p. 1422. Quarterly rate of special allowances, determination. Ante, p. 1425.

20 USC 1071.

20 USC 1141.

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