Major Federal Student Loan Changes Take Effect in 2026
What Students and Families Need to KnowBeginning July 1, 2026, new federal legislation will significantly change how students and families borrow and repay federal student loans. The changes will affect borrowing limits, repayment options, and loan programs,...
Consumers, Regulators & Schools: Be Alert to Student Loan Fraud
Student loan fraud is causing real harm to borrowers, financial institutions, and schools. As these crimes continue to evolve in sophistication and complexity, loan servicers are monitoring to find new ways to detect and prevent these crimes. Following is a fact sheet...
SLSA Testimony Before the Senate Banking Subcommittee on Economic Policy
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Written Testimony of C. Tapscott “Scott” Buchanan, Executive Director, Student Loan Servicing Alliance
Senate Hearing on “MOHELA’s Performance as a Student Loan Servicer” April 10, 2024 to address and correct false and misleading statements about servicing.
Are Private Student Loans Right For You?
If you’re in the process of making a plan to pay for college, it’s important to understand all the funding sources available. Be sure to calculate the full cost of your intended degree. Then, as you calculate the grant and federal loan options presented in your...
What Borrowers Should Know About the Resumption of Federal Student Loan Payments
The Federal government has indicated that the pause on student loan interest will end on September 1st and student loan borrowers will be required to resume making monthly payments in October. The detailed steps outlined in this fact sheet walk federal borrowers...
Coming Soon: Changes to the Variable Interest Rate Calculations on Some Student Loans
Following the direction of Congress, the benchmark used to calculate the variable interest rate of some private student loans will soon change. Federal student loans will not be impacted by this change. The new calculation for variable interest rates should not cost...
SLSA, EFC and NCHER Respond to ED IDR Announcement
On April 19, 2022, Education Finance Council (EFC), the National Council of Higher Education Resources (NCHER), and the Student Loan Servicing Alliance (SLSA) issued the following is a joint statement provided in response to the Department’s announcement that it will...
Borrowers Ready to Resume Federal Student Loan Payments
With expanded support in place for borrowers who need it, it’s time for the nation to resume federal student loan payments as planned in May, 2022.
SLSA supports the Economic Continuity and Stability Act
SLSA, along with the broad financial services industry, today announced support for the Economic Continuity and Stability Act, sponsored by Senators Tester and Tillis with Chairman Brown and Ranking Member Toomey to address “tough legacy” contracts that currently...Latest Posts
Understanding the New Repayment Assistance Plan For Federal Student Loans
Major Federal Student Loan Changes Take Effect in 2026
Consumers, Regulators & Schools: Be Alert to Student Loan Fraud
SLSA Testimony Before the Senate Banking Subcommittee on Economic Policy
Are Private Student Loans Right For You?
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