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Student loan cuts could hurt students and program, ASLP warns senators in a letter
America’s Student Loan Providers today sent a letter to senators urging them to oppose significant budget cuts in federal student loans. …
“The Senate’s first priority should be students and the grant and loan programs that serve them,” the letter states. “Deep budget cuts would make it nearly impossible for Congress to increase access to higher education through much-needed program improvements as part of the [HEA] reauthorization.”
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Fast Facts
The non-partisan U.S. Government Accountability Office (GAO) found that the Federal Direct Loan program has spent more than it has collected in fees and interest in every year since 1997.
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America's Student Loan Providers Launches ListServ
First Issue Planned for Week of July 21
WASHINGTON D.C. July 21, 2008—America’s Student Loan Providers this week launched "The Landscape," a new listserv for the financial aid community.
Moderated and published regularly, "The Landscape" will contain media articles that offer unique or important perspectives on federal student aid policy and will also include and invite commentary on these articles and other issues of the day.
“ASLP’s new listserv is not intended to duplicate other fine listservs,” said Kevin Bruns, executive director, ASLP. "Rather, it will publish select articles that offer a fresh or overlooked perspective and would be of interest to the financial aid and student loan communities.
“During this extraordinary period in which broader economic, budget policy and politics create enormous challenges for the federal student loan program, The Landscape seeks to be a forum for insightful and rational debate.”
To subscribe, please send an email to exdir@aslp.info.
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America’s Student Loan Providers represents more than 80 of the nation’s leading private, nonprofit and state-based education and financial organizations that provide federally guaranteed student loans through the Federal Family Education Loan Program. By leveraging private financial markets and competing for the right to lend to students, ASLP members offer low-cost loans and superior levels of service to millions of students and most of the 5,000 postsecondary institutions that participate in FFELP. More information is available at www.aslp.us or call 202.721.1190
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