Endorsements & Comment Letters
EFC Comment Letter
EFC joined Public Finance Network (PFN) in submitting comments to the Office of Management and Budget (OMB) on proposed changes to the Uniform Guidance, urging a longer implementation timeline, clearer guidance, and reduced administrative burden for recipients of federal financial assistance.
EFC Comment Letter
EFC submitted a letter to the Governmental Accounting Standards Board (GASB) requesting clarification on the implementation of Statement No. 103, highlighting concerns that the current guidance may misrepresent the financial performance of nonprofit and state-based student loan organizations by classifying related interest revenue and interest expense differently.
EFC Endorsement Letter
EFC endorsement of the Improving Financial Aid Offers for Students Act, which would improve the clarity and consistency of financial aid offers for students and families by requiring clearer disclosures on college costs, financial aid, and student loan borrowing obligations.
EFC Endorsement Letter
EFC endorsement of the State-Based Education Loan Act which would enable institutions of higher education to inform students and families of the affordable loan products offered by their nonprofit state-based agency, without requiring schools to complete the onerous preferred lender list process.
Joint Trade Association Letter
Joint Trade Association Letter to the Department of Education, which details comments regarding the Department's notice of proposed rulemaking on various programs under Title IV of the Higher Education Act.
Joint Trade Association Letter
EFC signed a muni coalition letter urging the SEC to consider how it proposals under “Concept Release on Residential Mortgage-Backed Securities Disclosures and Enhancement to ABS Registration” could add or create regulatory burdens and liability for issuers and borrowers in the muni securities market.
Joint Trade Association Letter
Joint Trade Association Letter to Congressional leadership, urging them to retain funding for federal student loan servicing in its budget reconciliation package.
EFC Endorsement Letter
EFC endorsement to Rep. McClellan (D-VA) in support of the Accessible Campus Commuting and Expanded Student Savings (ACCESS) Act, which would include transportation and parking costs as qualified education expenses under a 529 savings plan.
Joint Trade Association Letter
Joint Trade Association Letter to the Department of Education, which details comments regarding the Department's intent to commence negotiated rulemaking on various programs under Title IV of the Higher Education Act.
EFC Endorsement Letter
EFC endorsement of S.1559, the Know Before You Owe Federal Student Loan Act, which would strengthen loan counseling requirements to ensure students have comprehensive information about paying for their degree.
EFC Endorsement Letter
EFC Endorsement Letter to Reps. Casten (D-IL) and Lee (D-NV) in support of the Pell Grant Sustainability Act, which would index the Pell Grant to inflation.
EFC Endorsement Letter
EFC Endorsement Letter to Rep. Feenstra (R-IA) in support of H.R. 2660, a bill that would remove Qualified Student Loan Bonds (QSLBs) from the Private Activity Bond Volume Cap and exempt QSLBs from the Alternative Minimum Tax.