[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-325217-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-325217-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","house-panel-approves-stopgap-fiscal-1986-spending-bill-panel-explores-allowing-sallie-mae-into-college-construction-arena","HOUSE PANEL APPROVES STOPGAP FISCAL 1986 SPENDING BILL - PANEL EXPLORES ALLOWING SALLIE MAE INTO COLLEGE CONSTRUCTION ARENA","","Reports on two separate U.S. House panel discussions from September 13, 1985. One covers a 45-day continuing resolution approved by voice vote to fund the Education Department and other agencies at current levels until early fiscal 1986. The other details testimony by Sallie Mae President Edward Fox proposing a federally sponsored insurance corporation to back private-capital loans for college construction and renovation, including funding estimates, loan guarantees, and reactions from lawmakers and university officials.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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Thompson","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-06","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",6,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What spending bill did the House Appropriations Committee approve for fiscal 1986?","Question",{"text":63,"@type":64},"It approved a 45-day continuing resolution to fund the Education Department at its current level through the beginning of fiscal 1986 and to fund other agencies into the start of the fiscal year.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What is the proposed Sallie Mae plan for college construction financing?",{"text":68,"@type":64},"Sallie Mae President Edward Fox described creating a federally sponsored insurance corporation that would back loans using private funds for college construction or renovation, with loan guarantees conditioned on financial soundness.",{"name":70,"@type":61,"acceptedAnswer":71},"Why did university and congressional participants show interest in the graduate education and facilities proposals?",{"text":72,"@type":64},"They linked graduate-school access and the deteriorating state of college buildings to broader national competitiveness, noting concerns about funding levels and emphasizing the need for additional action and further study.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},325217,1790511513,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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House Appropriations Committee yesterday approved a temporary spending billthat would fund the Education Department at its current level through thebeginning of fiscal 1986,which begins Oct.1.  \nThe 45-day stopgap spending bill,called a continuing resolution,was approvedby voice vote.The measure,which had not been given a number yesterday,alsowould fund other government agencies into the start of the fiscal year.It isseheduled to go to the full House next week and then to the Senate for finalapproval.  \nMarkup Scheduled     The committee approved the temporary measure,whichwould fund ED at $19.1 billion in fiscal 1986,although it has tentativelyscheduled a markup for late September on permanent 1986 appropriations.  \nThe permanent bill,if approved before the stopgap measure expires Nov.14,would supersede the levels contained in the continuing resolution.  \nThe committee has not released information on the permanent bill since it wasmarked up by the Labor,Health and Human Services and Education ADpropriationsSubcommittee in executive session Sept.5(HED,Sept.9)。--Kristina Brenneman  \n# PANEL EXPLORES ALLOWING SALLIE MAE INTO COLLEGE CONSTRUCTION ARENA\n\nThe Student Loan Marketing Association(Sallie Mae),already the nation'slargest secondary market for student loan capital,may become involved incollege construction financing under an idea floated before a House subcommit-tee Wednesday.  \nIn testimony offered by Sallie Mae President Edward Fox,a new federally spon-sored insurance corporation could be created to back loans utilizing privatefunds for college construction or renovation.Such a corporation,Fox said,would go a long way toward upgrading the deteriorating buildings found on manycampuses.  \nUnlike Sallie Mae,which functions as a secondary market,Fox said,the insur-ance corporation would act as a business,\"based on sound underwriting stan-dards and practices to insure the integrity of the private sector loans and thefederal government's seed capital investment.\"  \nFox added that Sallie Mae would like to be involved as an investor and would beinterested in managing the new corporation.(more)  \nHEA—  \n# PANEL EXPLORES ALLOWING SALLIE MAE INTO COLLEGE CONSTRUCTION(Cont.)\n\nFox made his suggestion as the House Postsecondary Education Subcommittee stud-ied Title VII college construction and housing programs,part of its reauthor-ization process for the Higher Education Act of 1965.  \nSallie Mae's interest in the problems facing college construction came as theresult of discussions with a number of college presidents,Fox said.  \nWith a federal commitment of about $25 million per year and a private fund of$5 million per year,Fox said,enough capital could be raised to make the  \ncorporation self-supporting in six years,andenough insurance could be provided in the first  \nReauthorizationyear to back loans worth millions of dollars.’85Indeed,Michigan State University President JohnDiBiaggio testified that Sallie Mae's idea has merit since the federal govern-ment appears unwilling to increase its commitment of direct academic facilitiesgrants.Not funded in fiscal 1983,Congress appropriated $28 million to theprogram in 1984.While appreciated,DiBiaggio said it was\"a drop in thebucket.\"  \nDiBiaggio restated what many have said in the past:college buildings are crum-bling at an alarming rate。The total physical plant in higher education,witha replacement value of $200 billion,currently needs replacement or renewalfunds of $40 billion,he said.  \n\"Such a program [by Sallie Mae],we believe,would be a natural extension ofits present activities,”DiBiaggio concluded.  \nUnder the Sallie Mae plan,a college in need of funds could arrange potentialfinancing through a bank on either a taxable or tax-exempt basis,and wouldthen apply to have that loan guaranteed by the new corporation.  \nAssuming the college was financially sound,Fox said,the insurance corporationwoul","cbCairuAT1EdxSEs","https://ap.wps.com/l/cbCairuAT1EdxSEs","pdf",1269177,"English","# HOUSE PANEL APPROVES STOPGAP FISCAL 1986 SPENDING BILL\n## Temporary spending bill and timing\n## Committee approval and next steps\n# PANEL EXPLORES ALLOWING SALLIE MAE INTO COLLEGE CONSTRUCTION ARENA\n## Proposed insurance corporation model\n## Funding assumptions and guarantee mechanism\n## Testimony, concerns, and congressional interest","[{\"question\":\"What spending bill did the House Appropriations Committee approve for fiscal 1986?\",\"answer\":\"It approved a 45-day continuing resolution to fund the Education Department at its current level through the beginning of fiscal 1986 and to fund other agencies into the start of the fiscal year.\"},{\"question\":\"What is the proposed Sallie Mae plan for college construction financing?\",\"answer\":\"Sallie Mae President Edward Fox described creating a federally sponsored insurance corporation that would back loans using private funds for college construction or renovation, with loan guarantees conditioned on financial soundness.\"},{\"question\":\"Why did university and congressional participants show interest in the graduate education and facilities proposals?\",\"answer\":\"They linked graduate-school access and the deteriorating state of college buildings to broader national competitiveness, noting concerns about funding levels and emphasizing the need for additional action and further study.\"}]","HOUSE PANEL APPROVES STOPGAP FISCAL 1986 SPENDING BILL - PANEL EXPLORES ALLOWING SALLIE MAE INTO COLLEGE CONSTRUCTION ARENA | PDF",1789969965,13]