Campaign Launched to Preserve Student Loan Choice and Services, Protect Jobs, Avoid Student Loan Disruptions

Campaign Launched to Preserve Student Loan Choice and Services, Protect Jobs,
Avoid Student Loan Disruptions

ProtectStudentChoice.org Advocates Taxpayer Savings, Increased Student Aid,
Preservation of Quality Services

WASHINGTON, Oct. 7 /PRNewswire-USNewswire/ -- A broad-based coalition of state
and local student loan service professionals today launched a campaign to
support legislation that preserves a choice of loan providers for college
students, avoids potential disruptions to funds and services, and protects
35,000 jobs. This effort will solicit the support of students, schools and
other organizations that have expressed concern about legislation that could
force 4,500 colleges and universities to hastily shift to an entirely new
student loan process within a few short months.

The campaign supports legislation that saves billions of taxpayer dollars that
can provide increased grants to college students and a reduction in the
federal budget deficit. However, unlike legislation passed by the U.S. House,
this proposal retains student choice, averts a potential meltdown in student
loan services next academic year, and avoids the prospect of thousands of
skilled and experienced workers being thrown out of jobs in the depths of a
recession.

Protect Student Choice consists of individuals who have dedicated their
careers to helping students finance their college education. The Protect
Student Choice initiative will inform the American people and Congress about
the costs and consequences of the student loan proposals being debated in
Washington. Legislation passed by the House of Representatives last month
would result in the loss of up to 35,000 jobs, end choice and competition in
student loans, and impose costly demands on schools and universities.

Visitors to the website -- www.protectstudentchoice.org -- can get details
about the initiative's student loan proposal, learn what others have to say
about the proposal, and sign an online petition to Congress to preserve
student choice and protect jobs.

If you would like to talk to local Campaign members, we can put you in touch
with:

Rene Drouin
President and CEO
New Hampshire Higher Education Assistance Foundation

David Feitz
Executive Director
Utah Higher Education Assistance Authority

Becky Collins
Chief Compliance Officer
Student Loan Guarantee Foundation of Arkansas

Patrick McBride
Student, Vanderbilt University

SOURCE ProtectStudentChoice.org

David Silverstein, +1-202-683-3126, dsilverstein@qorvis.com, for
ProtectStudentChoice.org