DALLAS - The Arkansas State Board of Finance has given its final approval to an $80 million line of credit to the Arkansas Student Loan Authority so it can continue making loans to college students.

The authority had planned to make student loans for the next 18 months with the proceeds of a bond issue of $250 million to $270 million earlier this year, but turmoil in the debt market foiled those plans, said ASLA executive director Tony Williams.

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