CFPB Complaint Data Shows Student Loan Complaints Continue to Decline
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 Due to Pandemic
SLSA members continue to offer flexibility on private student loans in every state due to the coronavirus pandemic.
SLSA Supports CARES Act Relief for All Federal Borrowers
CARES Act Relief Excludes As Many As 9 Million FFELP and Perkins BorrowersSLSA and more than 20 other organizations reflecting a broad set of viewpoints all support Congress taking steps to ensure that federal student loan borrowers are provided interest subsidy...
Payment Flexibility For Private Student Loan Borrowers
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.
SLSA Files Supreme Court Amicus Brief
The Student Loan Servicing Alliance has filed an amicus brief in Barr v. American Association of Political Consultants.
SLSA Supports Amended FUTURE Act
The Student Loan Servicing Alliance (SLSA) supports the bipartisan agreement passed in the Senate today to amend the FUTURE Act.
SLSA Members Elect 2019-2020 Board
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.
SLSA Statement on GAO Report on IDR Information Verification
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.
Fact Sheet on Federal Student Loan Servicing
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.
Order & Opinion – SLSA v. Taylor
Order
On November 21,2018, U.S. District Court for the District of Columbia Judge Paul Friedman issued a ruling in Student Loan Servicing Alliance (SLSA) v. Taylor, finding that the District of Columbia may not regulate those student loan servicers under contract with the U.S. Department of Education to service Federal Direct Loans and federally-owned Federal Family Education Loan Program (FFELP) loans.
Opinion
In his 70-page opinion, Judge Friedman comprehensively addressed the Supremacy Clause issues of express, field, and conflict preemption, as well as intergovernmental immunity.
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Make A Plan Before You Borrow For College
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