Coalition Letter

The Institute for College Access & Success joined national consumer and student groups in submitting public comments about new disclosures for private student loans.

Nineteen organizations sent a letter to the U.S. Treasury Secretary Timothy Geithner urging him to make the receipt of TALF funds for private student loan financing conditional upon adequate consumer protections and better data reporting.

We are part of a coalition calling on Reps. Barney Frank and George Miller, who chair the House Financial Services and Education committees, respectively, to push for necessary borrower protections should bailout funds be given to private loan lenders.

Thirteen higher education groups urge that an economic stimulus bill include major new investments in college affordability, including a dramatic Pell Grant increase, a boost in funding for Federal Work-Study, more access to PLUS loans, and emergency federal loan funds for some students.