SLSA

The Student Loan Servicing Alliance (SLSA) is a nonprofit, trade association that focuses exclusively on student loan servicing issues.

[SLSA @SLSAorg]

Borrowers: Due to the current lapse in government funding many agencies are running at reduced capacity, but Federal #StudentLoan Servicers are available to support you. Call us with questions or to explore payment plan options. Remember, student loan payments are still due.

[SLSA @SLSAorg]

Legislation goes into effect in July that changes the #studentloan landscape, impacting those who seek college, grad school & professional programs. Understand what's changing & who's affected to make informed decisions about education financing. Read: https://t.co/4DUyoplWTi

[SLSA @SLSAorg]

ALERT: The #FAFSA Simplification Act has expanded access to the maximum Pell Grant for 1.7 million more students. More low-income students than ever can now qualify for the full award. File your FAFSA every year. Don’t leave money on the table. #studentloans

[SLSA @SLSAorg]

What is the new Tiered Standard Repayment Plan? It’s a new repayment option offering fixed monthly payments. The length of your repayment term is determined by your loan balance. Read more here: https://t.co/nDGOSxD47l #studentloans

[SLSA @SLSAorg]

Grad students: Starting July 1, federal student loans will be capped:
• Graduate Annual: $20,500 Lifetime: $100K
• Professional Annual: $50K Lifetime: $200K
• Grad PLUS loans eliminated for new borrowers.
Research the value of grad programs and read: https://t.co/IGyv2JgRtP

[SLSA @SLSAorg]

#Students & Families: Do you know how to read a #college financial award letter? It’s important to be able to discern the kind of financial aid you’re entitled to, what #studentloans you might need & how to take next steps. Read here: https://t.co/CBaxqhHjw1

[SLSA @SLSAorg]

Borrowers: #studentloan fraud is on the rise. Sign up for credit monitoring & review your credit report annually. If you find a fraudulent loan in your name, take action right away! Contact your school, loan servicer & take key steps found here: https://t.co/BIPaYhxP1V

[SLSA @SLSAorg]

Looking for a private #studentloan? Shop around. Start with your school’s financial aid office – they may have suggestions or a lender list to get you started. Make a chart to compare interest rates, fees and repayment options. Learn more: https://t.co/F0JUj7FVPH

[SLSA @SLSAorg]

#DidYouKnow Congress sets all #studentloan plan options & interest rates? Federal loan servicers are hired to provide customer service to borrowers within the government’s loan programs. They do not have the authority to change your loan or interest rates on #studentloans.

[SLSA @SLSAorg]

Applying to #College? You may have received a college acceptance & financial award letter – but what does it mean? Make sure you understand the financial aid options available to help you pay for college before taking out #studentloans. Go to https://t.co/yK71oTM9xn

[SLSA @SLSAorg]

Changes to the federal #studentloan program in July will require increased support to help borrowers navigate new borrowing options & consolidate loans. #Congress must increase funding for Student Loan Servicing to help expand customer service for federal borrowers.

[SLSA @SLSAorg]

Students: Don’t assume you won’t qualify for scholarships. While some are merit-based, others are geared toward particular interest areas, regions & personal backgrounds. Here's a list of the best websites for finding financial aid: https://t.co/YZHjLNswlA

[SLSA @SLSAorg]

With college costs increasing, many students turned to credit cards, HELOCs & payday loans. These products have higher interest rates & fewer protections than private student loans. Using short-term credit to pay for long-term education costs creates big future financial problems

[SLSA @SLSAorg]

NEWS ALERT: The FAFSA Simplification Act has increased the maximum Pell Grant award & expanded eligibility to include approximately 1.7 million more students. This allows a significantly larger number of students from low-income backgrounds to qualify for the maximum Pell award.

[SLSA @SLSAorg]

New @philadelphiafed Report A large share of grad & professional students regularly borrow above new federal loan limits that go into effect in July. 38% of #students also have limited or low credit histories that will make a cosigner necessary to access private education loans.

[SLSA @SLSAorg]

@NASFAA has created a very helpful Student Loan Repayment Toolkit to provide information to help borrowers prepare to pick a #studentloan repayment plan, how to prepare to enter loan repayment & how to avoid scams. Review it here: https://t.co/zt448rQ8gA

[SLSA @SLSAorg]

Federal #studentloan borrowers deserve top-notch customer service. To better support & expand outreach to borrowers, #Congress should accelerate or redirect federal resources to Student Loan Servicing to expand customer service.

[SLSA @SLSAorg]

Heading to College? It’s time to do your research if you’re interested in taking out #studentloans. Be sure to shop around to compare the rates and benefits offered with each type of loan you consider. Always fill out FAFSA and read: https://t.co/zo2xy12OJv

[SLSA @SLSAorg]

NEW: Legislation goes into effect in July that changes the #studentloan landscape, impacting those who seek college, grad school or professional programs. Understanding what's changing & who's affected is essential to making informed decisions . https://t.co/4DUyoplWTi

[SLSA @SLSAorg]

New report shows more students using personal loans & credit cards to finance college than ever before. Don’t make this mistake. Those financing options have much higher interest rates. Shop around for private education loan options on sites like this: https://t.co/pFtvo9x1TT

[SLSA @SLSAorg]

In July, federal graduate-level borrowing limits begin. @philadelphiafed reports many borrowers, especially those with poor or thin credit histories & no available cosigner, may be unable to access private education loans to pursue graduate study. Read: https://t.co/4BZczNKQK4