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 109: September 2000

DAA Changes May Affect Information for Schools
In June, Texas Guaranteed (TG) announced its implementation of a new regulation that requires lenders and servicers to submit default aversion assistance (DAA) requests to the guaranty agency no earlier than the 60th day and no later than the 120th day of the borrower's delinquency.

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

TG Improves ESR and Notice of Default Prevention Activity Report
Texas Guaranteed (TG) has taken steps to enhance its weekly Notice of Default Prevention Activity report and the electronic version of the report, the Electronic School Report (ESR). Beginning in October 2000, the reports will include the cohort year affected by delinquent and claim accounts for the most recent two years.

ED Clarifies Interest Capitalization Reporting by NSLDS
On August 29, the Department of Education (ED) issued Dear Partner Letter GEN-00-12 in order to clarify the way capitalized interest is reported by the National Student Loan Data System (NSLDS).

TG to Change DAA Request Reject Resubmission Policy
In an effort to assure sufficient time to meet all deadlines and to address all delinquencies, TG is changing the time frame during which lenders and servicers must resubmit rejected requests for default aversion assistance (DAA).

Common Manual Updates

Plan Now for the 2001 Conference
Texas Guaranteed's (TG's) 2001 Annual Conference promises exceptional opportunities for networking, training, and more fun than ever.

Common Manual Update Index

Meeting Exit Counseling Requirements
In all cases, the schools must provide exit counseling in person, by audiovisual presentation, or by interactive electronic means.

The WebShop

Veterans' Benefits, AmeriCorps, and Subsidized Stafford Eligibility
The 1998 Reauthorization to the Higher Education Act changed the way AmeriCorps awards and certain Veterans' benefits are treated in assessing a student's subsidized Stafford loan eligibility. In accordance with the changes, AmeriCorps awards and certain Veterans' benefits are still subtracted from the cost of attendance but are no longer considered estimated financial assistance for determining subsidized Stafford loan amounts.

Eliminating Paper Financial Aid Transcripts
When determining awards and disbursing aid to transfer students, schools need the most accurate, most current information available.

TUG Meeting Scheduled

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:
Valerie Gonzalez
Darron Grussendorf
Brent Hay
Joan Ivy
Laura Lavergne
Andrea McCrea
Vickie Reyes
Heather Vaughan

Edited and designed by TG Communications.