New PLUS and Revised Stafford NOG Available in May
On May 31, 2000, Texas Guaranteed Student Loan Corporation (TG) will begin providing a new version of the Federal PLUS Loan Notice of Guarantee/ Disclosure Statement (NOG).
Closed School Corner
The Department of Education (ED) reports school closures.
TG Announces SMTP/POP3 Transmission of CommonLine Files
As of May 15, 2000, Texas Guaranteed Student Loan Corporation (TG) supports the use of encrypted SMTP/POP3 to transfer CommonLine files. POP3 is the protocol used in almost every Internet system today. Encrypted POP3 mail is the standard selected by the National Council of Higher Education Loan Programs (NCHELP) CommonLine committee to replace CompuServe as the accepted standard for transmission of CommonLine files.
Common Manual Updates
Common Manual Updates (Continued)
Common Manual Update Index
Interest Payment Field in Application Send Records
With the onset of the Master Promissory Note (MPN), the language found in "Field 12. Interest Payments (Optional)" has changed slightly from language in the Common Application. Today's MPN gives the borrower the option of paying unsubsidized interest while in school whereas the Common Application language gave the borrower the option of interest capitalization - the same option, only different wording.
Product Support Forum
When Texas Guaranteed Student Loan Corporation's (TG) mainframe system guarantees a new loan, the school and the lender receive an electronic CommonLine @1G record from TG via AdvanTG, CompuServe, or POP3. Customers update their databases with the information in these response records.
Information on TG's LSA Committees Available Online
Texas Guaranteed Student Loan Corporation (TG) has many direct connections to members of the FFELP community. For example, TG's Lender and School Advisory (LSA) Committees meet, usually each quarter, to offer feedback and advice from schools and lenders and to be updated on TG initiatives and industry issues.
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