SLSA Statement on U.S. Department of Education Preemption Notice
Summary
Clear, uniform student loan servicing guidance from the federal government will help borrowers avoid the frustrations of an inconsistent patchwork of policies from individual states.It is critical that we set aside political student loan rhetoric and focus on creating effective solutions for the biggest issues facing borrowers, like simplifying complex repayment programs and improving college completion rates.SOURCE Student Loan Servicing Alliance (SLSA)Related Links WASHINGTON, March 9, 2018 /PRNewswire/ -- The U.S. Department of Education took an important step today to reaffirm its longstanding position regarding the appropriate role of states in the federal student loan program.The 9th Circuit Court of Appeals clearly affirmed federal preemption in its 2009 Chae decision, which was based on the official intervention of the Department of Justice.