The American Federation of Government Employees (AFGE) Local 3354 is asking all Greater St Louis Area officials, civic, business, labor and religious leaders in Missouri and Illinois to sign-on to a letter requesting the St. Louis Area Congressional delegation to support the Department of Education entering into an inter-agency agreement to bring several hundred jobs to St. Louis to service student loans.
Local 3354 President Emeritus Steve Hollis urged delegates at last month’s St. Louis Labor Council meeting to sign-on to the letter to bring jobs to the recently designated Promise Zone area of north St. Louis city and county.
“Processing students loans is a huge industry,” Hollis said. “Because of concerns about high costs and mistreatment of some student borrowers, serious consideration is being given toward making it a government loan program, using a public sector alternative to some contractors. We’re trying to bring the student loan servicing work to the Federal Center on Goodfellow.”
Local 3354 is working with USDA/Rural Development, which manages the Centralized Servicing Center at the Federal Center, 4300 Goodfellow, St. Louis, to convince the Department of Education to enter into the agreement.
The Centralized Servicing Center already processes loans for rural development, and does so in a manner that effectively balances financial integrity with sensitivity toward borrowers.
This pilot project would allow five percent of the student loan portfolio to be serviced by our friends and neighbors at the Goodfellow facility, providing meaningful employment for St. Louis area residents, while promoting the interests of students and taxpayers.
You can view and sign the letter here: https://goo.gl/qWDtkc.