Posted by: cslfconnects | March 16, 2009

CSLF Sets record straight – counters recent inaccuracies with facts

In an open letter to industry partners submitted to be published to the NASFAA (National Association of Financial Aid Administrators) website, CSLF president Mark Valenti responds powerfully to recent media coverage in one Connecticut newspaper in order to set the record straight. With over $150,000,000 to lend, a pending systems conversion to bring state-of-the-art products and services to students and schools, CSLF exists in 2009 as a free-market success story, prevailing in a difficult regulatory  environment compounded by intense economic pressures.

Valenti emphasized that despite what has been recently said about the Connecticut Student Loan Foundation, CSLF has operated as a non-profit, non-State agency and has received no state or tax monies to assist it. CSLF’s challenges are not unique to CSLF: all across the country, small FFEL lenders like the Foundation have been hit hard by changes in legislation, the condition of the capital market, and cuts to federal student loan programs.

We hope that we continue to provide an opportunity to better understand the challenges and rewards of serving the higher education community.  Mark’s letter, available here as a .pdf file at the link below, provides an in-depth response and notes that CSLF remains focused on its mission to provide quality education loan products and services to students, families and business partners.

Please click on the link to view or download the letter, available here in .pdf.

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Responses

  1. Hello!
    Very Interesting post! Thank you for such interesting resource!
    PS: Sorry for my bad english, I’v just started to learn this language 😉
    See you!
    Your, Raiul Baztepo


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