Common Manual Gets More Common

The Common Manual just got more common, and the participants in the Federal Family Education Loan Program (FFELP) will enjoy the harmony.

The 1999 version of the Common Manual was published and distributed during July. As a result of a dramatic (33 percent) reduction in guarantor exceptions, schools, lenders and guaranty agencies will find a significant increase in policy commonality among the thirty-six member guaranty agencies of the Common Manual. The exceptions covered all aspects of FFELP loan administration, and their elimination, along with each guarantor's adoption of common policy, will further ease the administration of the program by schools and lenders.

The Common Manual is designed to establish common policy to which all guarantors subscribe. The recent efforts to increase commonality are a clear statement of each member guaranty agency's continuing commitment to that mission.

If your primary guarantor is Texas Guaranteed Student Loan Corporation (TG) and you did not receive your Common Manual, please contact Darron Grussendorf in TG Policy and Regulatory Affairs at (800) 252-9743, ext. 4589.