On President Barack Obama's 100th day in office Wednesday, April 29, 2009, Congress approved a $3.4 trillion federal budget for 2010 that includes the elimination of student loan subsidies for banks and other lenders (and the Federal Family Education Loan Program, FFELP, as it exists today). Discussions continue in both the House and the Senate as to the specifics of the legislation.
Edamerica supports President Obama's commitment to making education a national priority and look forward to working with the Administration to improve student loan delivery and processing. Along with our student loan servicer, Edfinancial Services, Edamerica remains dedicated to creating access to higher education and providing support to our industry partners, schools, students and families we serve.
If you would like to contact your Congressional representatives to make suggestions about the new student loan program, you may use the links below to locate their contact information.
Contact Information
U.S. Senators – Search for your senators by name, state or congressional class, and visit their websites.
U.S. Representatives – Find contact information for your U.S. representative by typing in your zip code
“There’s still a lot of work to be done in conference, and we plan to have a seat at the table for those discussions. This plan gives Congress the opportunity to keep the private sector involved in the student loan process, and that’s a good thing. As for the future of our companies, we’ll adapt and evolve. We’re developing new business models to continue our successful public/private partnerships. The people of Edamerica and Edfinancial Services have been doing the right thing for students, schools and families for over twenty years. That won’t change.”
- Tony Hollin, Chairman & CEO, Edamerica and Edfinancial Services