The state's governor, Asa Hutchinson, is a conservative Republican, but he's urged Congress to protect the money that the state receives under the program.
The program also contains a loophole, according to Philly.com, allowing companies to sidestep the limit in the total amount of tax credits they can receive under the program in a given year by donating through affiliates or subsidiaries.
Loans you received under the Federal Family Education Loan FFELL) Program (in which the government guarantees loans made by banks and which was ended in 2010), the Perkins Loan Program or any other student loan program are not eligible for the forgiveness program.
While some other banks, including Bank of America and Citibank, have not yet been able to pay back the money they received under the bailout program, Goldman Sachs has done so, along with dividends on preferred shares issued to the government.
But the authorities did not disclose the overall volume of data they had received under the European program over that period, or how many times that data from Europe had been searched.
Professor Rebell's study examined in some detail how school districts have used the stimulus money they received under the federal programs intended for poor and disabled students.
But Mr. Kashkari said he and the department had "a different perspective" from what the auditors had about how to monitor the use banks are making of money received under the financial rescue program.
He said, "I could agree to exempt financial institutions that pay back all of the federal money they received under the Troubled Assets Relief Program within a 12 or 24 month time frame.
Three banks that passed the government's "stress tests" announced large common stock offerings on Monday and said they would use the proceeds to repay money received under the government's bank bailout program.
