Outstanding dollars and number of borrowers included in Federal Student Loan Portfolios by State and projected commercially held FFEL Program Loans by State.
CFPB complaint data for the past several years has shown continued student loan industry success as complaints by borrowers have decreased by more than 30%…
SLSA members continue to offer flexibility on private student loans in every state due to the coronavirus pandemic.
SLSA has been working with its members to share private education loan payment flexibility info to all borrowers (who request it) impacted by the coronavirus.
The Student Loan Servicing Alliance has filed an amicus brief in Barr v. American Association of Political Consultants.
The Student Loan Servicing Alliance (SLSA) supports the bipartisan agreement passed in the Senate today to amend the FUTURE Act.
New leadership and the 2019-2020 Board will continue to lead our efforts in the next year to work with all stakeholders on issues related to student loan servicing.
On July 25, 2019, SLSA issued a statement in response to the GAO report on IDR information verification (GAO-19-347) that outlined areas for improvement in order to reduce fraud and errors. Servicers have been actively promoting legislation and processes to do just that over the past few years by curbing companies that are committing fraud and also encouraging data-sharing between ED and Treasury.
Servicers have a unique role to play in the federal student loan program as the government’s loan program has grown over time.
This fact sheet gives a high level overview of who servicers are, and their success in driving utilization of income-based repayment plans.