Implementing New CAM-CCI Preclaim Policies
As announced in the February 2000 issue of Shoptalk, on July 5, 2000, TG will begin accepting preclaim assistance requests in the Common Account Maintenance-Common Claim Initiative (CAM-CCI) format or through use of the common Preclaim Request Form.
The 1998 Reauthorization of the Higher Education Act mandates that all Stafford loan requests be on the Master Promissory Note (MPN) form beginning July 1, 2000.
TG Implements Regulatory Change for Default Aversion Assistance Requests
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.
Loan Guarantee System Edit Booklets Revised
Texas Guaranteed Student Loan Corporation (TG) Loan Guarantee Operations (LGO) announces the release of its revised Loan Guarantee System Edit Booklets.
TG Enhances Loan Reject Response Process
During the summer of 2000, Texas Guaranteed Student Loan Corporation (TG) is enhancing its loan guarantee process to provide responses to customers when any request for a loan guarantee is rejected.
Return of Title IV Funds Worksheet Available
The Department of Education (ED) has developed worksheets to assist institutions with implementation of the new return of Title IV funds requirements.
Annual Revisions to the Common Manual Published
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.
New Appeal Process for the Common Manual
The Common Manual Governing Board recently implemented an appeal process, providing the Federal Family Education Loan Program community with additional opportunities to assist in policy development.
Home-Schooled Students: Admissions vs. Financial Aid Eligibility
Students who complete a secondary school educational program in a home-school setting received a significant benefit in the Higher Education Amendments of 1998.
TG Requests Suggestions for LSA Representatives
Texas Guaranteed Student Loan Corporation (TG) is requesting your input in developing a slate of candidates to serve as representatives on TG's Lender and School Advisory Committees (LSA).
New MPN Q&As
The National Council of Higher Education Loan Programs (NCHELP) Master Promissory Note (MPN) Task Force recently released a new set of Questions and Answers (Q&As) dealing with MPN processing and implementation
ED Releases Need Analysis Methodology
The Department of Education (ED) recently released the 2001-02 "Federal Need Analysis Methodology" tables in the Federal Register published on May 30, 2000.
Revised Interest Rates Effective July 1, 2000
On July 1, 2000, the interest rate on existing Federal Stafford, SLS, and PLUS loans that are subject to the variable rate provision will change.
Interest Rate Changes
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