Fact Sheet on Student Loan Borrowers
The vast majority of borrowers are managing their student loans successfully. Student loan servicers are on the front lines helping. Check out our Fact Sheet to learn more.
Testimony-Joint Consumer Protection and Professional Licensure Committee
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Testimony of Winfield Crigler, Executive Director SLSA
Before the Joint Consumer Protection and
Professional Licensure Committee July 18, 2017.
Some very brief background on the student loan programs:
• SLSA opposes S129 and H2173
• Federal Loans are already extensively regulated.
• Most federal loan borrowers are successfully repaying their student loans.
• The current Department of Education compensation structure encourages servicers to do the right thing.
Overview of Student Loan Servicing
PowerPoint presentation, containing an overview of student loan servicing, including information about SLSA, Federal Student Loans, Private Education Loans and the Consumer Financial Protection Bureau.
Crain’s Business Journal Op Ed
With $1.4 trillion in outstanding student loan debt in the United States, Illinois state lawmakers are rightly exploring effective ways to improve the higher education financing system. Unfortunately for Illinois borrowers, the Student Loan Servicing Rights Act (SB 1351), currently on its way to the Governor’s desk, is misguided.
Testimony – Illinois General Assembly House Executive Committee
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Testimony of Winfield Crigler, Executive Director SLSA
There is currently $1.4 trillion in outstanding student loan debt, ($1.3 trillion) is federal loans, with more than $1 trillion owned by the U.S. Department of Education. The Department has entered into contracts with nine SLSA members to service all of its loans.
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