Endorsements & Comment Letters

EFC Endorsement Letter to Reps. Grothman (R-WI), Tenney (R-NY), LaMalfa (R-CA), Tiffany (R-WI), and Owens (R-UT) expressing support for the Responsible Borrowing Act, which allows colleges and universities to prorate or limit the amount of federal student loan debt an enrolled student may borrow based on certain factors like academic program and enrollment status, among others.

EFC Endorsement Letter to Sens. Klobuchar (D-MN), Braun (R-IN), Duckworth (D-IL), Collins (R-ME), Feinstein (D-CA), Manchin (D-WV), Heinrich (D-NM), and Reps. Wittman (R-VA) and Spanberger (D-VA) expressing support for the Freedom to Invest in Tomorrow's Workforce Act, which allows students to use 529 plans to cover costs associated with obtaining postsecondary education workforce certifications.

Joint Trade Association Letter to the Consumer Financial Protection Bureau on its Statement of Policy Regarding Prohibition on Abusive Acts or Practices.

EFC Advocacy Letter to President Biden and congressional leaders recommending the executive and legislative branches implement certain policies to assist federal student loan borrowers with the transition back into repayment.

Trade Association Letter responding to the U.S. Securities and Exchange Commission's proposed rule on the Prohibition Against Conflicts of Interest in Certain Securitizations (Release No. 33-11151).

EFC Endorsement Letter to Sens. Grassley (R-IA), Smith (D-MN) and Ernst (R-IA) expressing support for the Know Before You Owe Federal Student Loan Act, which strengthens current federal student loan counseling requirements.

Joint Trade Associations Letter to the Office of Federal Student Aid encouraging the agency to provide borrowers and servicers the resources and guidance necessary to transition federal student loans back into active repayment status.

Joint Trade Associations Letter to the Department of Education in response to the Notice of Proposed Rulemaking on improving income-driven repayment plans.

EFC Endorsement Letter to Sens. Wyden (D-OR), Crapo (R-ID), Murray (D-WA), and Burr (R-NC) expressing support for treating employee student loan payments as elective deferrals under employers' retirement plans.

Joint Trade Associations Letter to the Federal Reserve on its proposed LIBOR Act rules.

Joint Trade Associations Letter to the Department of Education on proposed Federal Family Education Loan Program Secured Overnight Financing Rate Election Form.

Joint Trade Associations Letter to the Department of Education on proposed borrower defense to repayment and Public Service Loan Forgiveness regulations