youbet
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I suppose there may be fear of political change and an expansion of federal direct loan programs, but that is a possibility not at all a reality yet. This kind of thing can get very expensive to an already overburdened treasury.
That's my guess...... Fear of a Dem win and them having the gov't grow it's involvement with student loans in direct competition with SLM.
But gee..... these prices are attractive to us greedy folks! If SLM caved in and the bond holders got only 60% ($15) of PAR, they still make a capital gain.... and collect 12% - 13% interest in the meantime.
It's kind of falling into the "too good to be true category" for me.