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Comment Letters & Statements
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EFC issues comments and letters to regulators, lawmakers, policymakers, and industry stakeholders to promote its members’ positions on key issues. Click on the links below to read the letters.

 

EFC letter to Rep. John Curtis (R-UT) endorsing the Transparency in Student Lending Act, which would require the disclosure of the annual percentage rate (APR) for federal student loans (January 10, 2019)

 

EFC letter to Sens. Debbie Stabenow (D-MI) and Todd Young (R-IN) endorsing the Early Pell Promise Act, which would ensure that all students, regardless of their financial circumstances, have the opportunity to access and succeed in postsecondary education (November 30, 2018)

 

EFC letter to Reps. Darin LaHood (R-IL) and Terri Sewell (D-AL) endorsing the Workforce Development Through Post-Graduation Scholarships Act, which would create parity for student loan payments with how scholarship payments made by foundations are currently treated under the tax code to help charitable organizations to attract and retain talented graduates to strengthen underserved communities (November 13, 2018)

 

EFC & NASFAA letter to Education Secretary Betsy DeVos outlining recommendations to improve the administration of the TEACH Grant program (November 1, 2018)

 

EFC letter to Sens. Bill Cassidy (R-LA), Orrin Hatch (R-UT), Elizabeth Warren (D-MA), and Sheldon Whitehouse (D-RI) endorsing the College Transparency Act, which would modernize the college reporting system for postsecondary data in order to provide greater transparency for students, families, institutions, and policymakers (October 25, 2018)

 

EFC letter to Sens. Maggie Hassan (D-NH) and Marco Rubio (R-FL) and Reps. Mark Takano (D-CA) and Brad Wenstrup (R-OH) endorsing the Veterans’ Education, Transition, and Opportunity Prioritization Plan (VET OPP) Act, which would establish the Veterans Economic Opportunity and Transition Administration to empower veterans in their civilian lives and enhance their educational and economic opportunities (July 19, 2018)


Education Finance Council Encourages Policymakers to Coordinate Efforts to Protect Student Loan Borrowers (March 28, 2018)

 

EFC recommendations to the Senate Committee on Health, Education, Labor, and Pensions (HELP) regarding the reauthorization of the Higher Education Act (Spring 2018)


EFC letter to Sens. Rob Portman (R-OH), Chris Coons (D-DE), and Angus King (I-ME) endorsing S.2258, Domenic's Law, which would "allow a parent whose child develops a total and permanent disability to qualify for student loan discharge" (January 22, 2018)


MBFA, of which EFC is a member and EFC President Debra Chromy is an ex-officio member of the Executive Committee, letter to Senate Majority Leader Mitch McConnell (R-KY), Senate Finance Committee Chairman Orrin Hatch (R-UT), House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chairman Kevin Brady (R-TX) to "thank them for their efforts to preserve the tax-exempt status of municipal bonds, including the ability to issue private activity bonds, in the Tax Cuts and Jobs Act." (January 2, 2018)