Shoptalk is published by Texas Guaranteed Student Loan Corporation (TG). Unless specifically noted, the policies and procedures outlined in Shoptalk apply only to loans made under TG's guarantee and not to loans underwritten by other guarantors.

Shoptalk 96: August 1999

Milestone for Default Prevention
TG's Default Prevention (DPRV) reaches a new milestone

Closed School Corner
The Department of Education (ED) reports school closures.

Disbursement Reporting Process Streamlined
Effective with August 1999 Electronic Funds Transfer (EFT) disbursements,TG will begin updating its system automatically... at the time of the EFT transaction

Discharge/Cancellation Forms Reminder

Common Manual Updates

ED Approves Plain Language Disbursement
On August 9, 1999, the U.S. Department of Education (ED) approved the Plain Language Disclosure (PLD) to be used for multi-year loans under the Master Promissory Note (MPN) and named schools currently eligible to participate in the multi-year process.

Information Resources from TG
TG offers a wide variety of publications to help meet the needs of its student loan partners.

Clarification to Loan Guarantee Edits

ED Approves New Deferment Forms
ED recently approved new loan deferment forms for use in the Federal Family Education Loan Program (FFELP).

Product Support: Providing Technical Assistance for Solutions and Tools
TG Product Support Group is committed to taking care of technical questions and problems related to TG's solutions and tools.

Federal Register NPRM Update

ED Discontinues Disaster Letters
Effective immediately, loan holders will decide what constitutes a natural disaster for purposes of granting an administrative forbearance to a borrower

"Plain Language Disclosure"

Questions about the articles in Shoptalk should be addressed to:
Customer Services
Texas Guaranteed Student Loan Corporation
P.O. Box 83100, Round Rock, TX 78683-3100
(800) 252-9743
(512) 219-5700
(512) 219-4560 speech and hearing impaired

Contributors to this month's edition:

Michelle Anderson
Bryan Fritch
Rosie Gonzalez
Valerie Gonzalez
Darron Grussendorf
Nina Hold
Dianne Ivy
Laura Lavergne
Kyle Smith

Edited and designed by TG Communications.