Endorsements & Comment Letters

EFC Comment Letter to Chairman Warnock (D-GA) and Ranking Member Tillis (R-NC) of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection regarding their hearing on private student lenders and servicers. EFC highlights how its mission-driven nonprofit members help all students and families navigate the complexities of higher education financing so they can pursue their aspirations with minimal debt burdens.

EFC Endorsement Letter to Sens. Warner (D-VA) and Thune (R-SD) and Reps. Malliotakis (R-NY) and Peters (D-CA) in support of the Employer Participation in Repayment Act, which would permanently enable employers to provide up to $5,250 of annual tax-free student loan repayment educational assistance as a voluntary benefit to their employees.

EFC Endorsement Letter to Sens. Barrasso (R-WY) and Lummis (R-WY) voicing support for the Transparency in Student Lending Act, which will ensure borrowers understand the full cost of federal student loans.

EFC Endorsement Letter to the bipartisan and bicameral original sponsors of the Tax-Free Pell Grant Act, which simplifies federal student aid by better coordinating Pell Grants with other tax incentives for students pursuing higher education.

Joint Trade Association Letter to the Department of Education on its draft regulation implementing "waiver and compromise" authority to provide federal student loan borrowers with debt relief in certain circumstances.

EFC Endorsement Letter to Sen. Vance (R-OH) and Rep. Magaziner (D-RI) supporting Domenic and Ed's Law, which forgives Parent PLUS Loans when the student on whose behalf the parent incurred the loans becomes disabled.

EFC Endorsement Letter to Rep. Sessions (R-TX) applauding the introduction of H.R. 8243, the State-Based Education Loan Awareness Act, which makes college more affordable for students by exempting nonprofit student loan programs from onerous preferred lender list requirements.

EFC Comment Letter to Sens. Baldwin (D-WI) and Moore Capito (R-WV) urging them to include a one-year extension of Account Maintenance Fees paid to state and nonprofit guaranty agencies in FY 2025 Appropriations legislation.

EFC Comment Letter to Reps. Aderholt (R-AL) and DeLauro (D-CT) urging them to include a one-year extension of Account Maintenance Fees paid to state and nonprofit guaranty agencies in FY 2025 Appropriations legislation.

EFC Endorsement Letter to Sens. Grassley (R-IA), Smith (D-MN), and Ernst (R-IA), and Reps. Foxx (R-NC), Kim (R-CA), Krishnamoorthi (D-IL), Gottheimer (D-NJ), and McClain (R-MI) supporting two bills: the Understanding the True Cost of College Act and the College Cost Transparency and Student Protection Act. EFC urges the elected officials to work together to develop compromise legislation that reforms financial aid offers to make the college shopping process more transparent for students and their families.

EFC Comment Letter to Sens. Sanders (I-VT) and Cassidy (R-LA) and Reps. Foxx (R-NC) and Scott (D-VA) urging them to come together and work with their colleagues to pass a bipartisan and bicameral Higher Education Act reauthorization bill this Congress.

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.