Overview
What is Student Loan Servicing Alliance Inc?
Student Loan Servicing Alliance Inc is a nonprofit organization, headquartered at 2210 Mount Vernon Avenue in Alexandria, Virginia. With a small team of one employee, their primary mission is to represent federal and private education loan servicing organizations, advocating for industry best practices and adherence to relevant laws and regulations governing student loans. Their activities include engaging with various federal and state agencies, such as the Consumer Financial Protection Bureau (CFPB) and the Department of Education (ED), to influence policy and guidelines related to federal and private student loans. Additionally, they provide input during the negotiation process, respond to regulatory requests, and educate legislators and regulators on federal preemption of state licensing and regulatory schemes regarding federal student loans.
Official website here: www.slsa.net
Is Student Loan Servicing Alliance Inc legitimate?
Student Loan Servicing Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Student Loan Servicing Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $266,348
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.slsa.net
What is the mission statement of Student Loan Servicing Alliance Inc?
The Student Loan Servicing Alliance Inc serves as a trade association, representing both federal and private education loan servicers. Its primary mission is to advocate for these entities in relation to laws and regulations affecting student loans, specifically those authorized under Title IV of the Higher Education Act of 1965. Additionally, the alliance promotes industry best practices within the education loan servicing sector. By doing so, the alliance aims to ensure compliance with federal and state regulations while fostering a standard of excellence within the loan servicing industry.
Official website here: www.slsa.net
Who is the CEO of Student Loan Servicing Alliance Inc?
C Tapscott Buchanan is the President of Student Loan Servicing Alliance Inc.
Official website here: www.slsa.net
What is the revenue of Student Loan Servicing Alliance Inc?
Student Loan Servicing Alliance Inc's revenue in 2022 was $337,301.
Official website here: www.slsa.net
Who are the executives of Student Loan Servicing Alliance Inc and what are their salaries?
The average compensation at Student Loan Servicing Alliance Inc during 2022 was $266,348. There is 1 employee and 10 volunteers at Student Loan Servicing Alliance Inc.
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- Compensation: $246,448
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Official website here: www.slsa.net
Where can I find the form 990 for Student Loan Servicing Alliance Inc?
Student Loan Servicing Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slsa.net
Learn more at the official website: www.slsa.net
Mission Statement of Student Loan Servicing Alliance Inc
Student Loan Servicing Alliance Inc, serving as a trade association, represents both federal and private education loan servicers in adhering to laws and regulations affecting student loans. Their primary mission is to uphold industry best practices within the realm of student loans. Specifically, they represent participants in the Federal Education Loan Programs authorized by Title IV of the Higher Education Act of 1965, as amended. Additionally, they advocate for lenders and servicers of private education loans, ensuring compliance with federal and state laws and regulations pertaining to education loans. Furthermore, Student Loan Servicing Alliance Inc actively promotes best practices within the loan servicing industry, strengthening the sector as a whole.
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Impact
October, 2024
Student Loan Servicing Alliance Inc plays a critical role in shaping the landscape of student loan servicing through advocacy and representation. By bringing together approximately 40 federal and private education loan servicing organizations, the Alliance develops consensus positions on key issues impacting both students and servicers. These positions are communicated to influential bodies such as the U.S. Congress, the Department of Education, and various federal agencies, allowing the organization to influence legislation and regulatory practices related to student loans.
The Alliance actively engages in the rulemaking process, providing guidance on important aspects like income-driven repayment plans and aspects of the Servicemembers Civil Relief Act (SCRA). Its contributions extend to discussions on credit reporting and addressing complaints related to student loans, thereby enhancing transparency and accountability within the industry.
By participating in legislative processes, including the analysis of provisions in the Higher Education Act and responses to inquiries from congressional staff, the Alliance ensures that the voices of loan servicers are heard. It also plays an educational role, informing legislators and regulators on the nuances of federal preemption over state licensing, contributing to informed decision-making on state and federal regulations.
In addition, the Alliance promotes industry best practices, which ultimately benefits borrowers by fostering an environment of improved service quality and consumer protection. Through its collaborations and advocacy efforts, the Student Loan Servicing Alliance Inc significantly contributes to the ongoing evolution and improvement of student loan servicing, impacting the experiences of millions of borrowers across the country.
This information is meant to be a general summary of Student Loan Servicing Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $33
- Program Service Revenue: $337,268
- Gross Receipts: $337,301
Assets and Liabilities:
- Total Assets: $135,049
- Total Liabilities: $0
- Net Assets: $135,049
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$337,268
Organization Details
Founding Year
1995
Phone
(202) 955-6055Principal Officer
C Tapscott Buchanan
Main Address
2210 MOUNT VERNON AVENUE 207, ALEXANDRIA, VA, 22301
Website
www.slsa.netNTEE Category
Code: S41 - Community improvement
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