Federal Updates

• Closed School Corner
  The Department of Education (ED) reports school closures.
• PLUS Application and Promissory Note Extended
  The current Application and Promissory Note for Federal PLUS Loan, which is due to expire on July 31, 2001, has been extended for 90 days.
• HEAL Interest Rate Update
  The maximum interest rate for the portion of a Consolidation loan that is attributable to a loan made under the Health Education Assistance Loan (HEAL) program.
• Further Guidance on NSLDS Transfer Monitoring Process
  The Department of Education (ED) has issued two recent forms of guidance on of the National Student Loan Data System (NSLDS) Transfer Monitoring Process.
• Interest Rates Changes
• Money Matters

TG Updates

• Shoptalk Goes Electronic
  Beginning in October 2001, TG will replace the paper publication with weekly issues of Shoptalk Online
• TG Produces "Initial Summary of Outcomes" following National Summit of Councils
  In May, Texas Guaranteed (TG) joined other default prevention leaders from throughout the nation in Dallas for the first National Summit of Councils, which was sponsored by TG, USA Funds Services, American Student Assistance, and Education First.

Trends and Issues

• NASFAA History Available
  NASFAA recently announced the availability of a history that traces its first 20 years of existence.
• Forbearances for Houston Flood Victims
  This is a reminder to lenders regarding borrowers who were affected by the recent Houston flooding.
• Default Aversion Assistance Request Information
  The Notice of Default Prevention Activity report is valuable to all schools—especially those that have implemented default management programs.
• NCES Releases 2001 Condition of Education
  The National Center for Education Statistics (NCES) has released the 2001 version of their annual publication The Condition of Education.
• New President at EFC
  On July 10, 2001, Education Finance Council (EFC) announced the appointment of Mark E. Powden as its new president.

Common Manual

• Common Manual Updates
  Information on revisions to the Common Manual.

Back to Top