Student Financial Aid Services Comments on Settlement Agreement

Jul 24, 2015, 16:45 ET from Student Financial Aid Services, Inc.

SACRAMENTO, Calif., July 24, 2015 /PRNewswire/ -- Student Financial Aid Services, Inc. (SFAS), a company dedicated to expanding students' access to college, today released the following statement: 

"SFAS formally retracts its prior statements relating to this matter which were inaccurate, including statements that the CFPB's allegations were unsubstantiated and unsupported by evidence.  The company wishes to clarify that although it is unaware of any customer complaints being filed directly with the CFPB, the company is aware that in the course of its investigation, the CFPB reviewed customer complaints against the company.  The company does not  deny any allegation in the CFPB's complaint filed on July 23, 2015."

About Student Financial Aid Services, Inc.
Student Financial Aid Services, Inc. assists students and their families in applying for and securing financial aid so that clients can achieve their college dreams. Established in 1991, SFAS is the nation's oldest fee-based provider of preparation and assistance services related to the Free Application for Federal Student Aid (FAFSA). The company's Student Aid Advisors support and assist financial aid applicants, as authorized under the Higher Education Opportunity Act. The survey results indicate that 98% were satisfied with the company's professionalism and 93% would recommend the service to others. The company has helped secure the financial aid necessary for more than 2.2 million students to pursue the dream of college.


SOURCE Student Financial Aid Services, Inc.