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Federal Updates
Pell Max is $4000 in 2002-03
After months of waiting and wondering, it's official—the maximum Pell grant that an eligible student may be awarded for the 2002-2003 year is $4000. This is a $250 increase over the $3750 maximum in place for the 2001-2002 award year.
President Gives Act a HEROES Welcome
On January 15, 2002, President Bush signed into law the Higher Education Relief Opportunities for Students (HEROES) Act of 2001 (the Act). The Act authorizes the Secretary of Education to waive certain Title IV student aid statutory and regulatory requirements, as necessary, as a result of the national emergency spawned by the September 11, 2001, terrorist attacks or any subsequent incidents.
FAFSA on the Web Gets New Look
The web version of the Free Application for Federal Student Aid (FAFSA) has recently received a makeover.
TG Updates
AIE Featured on Cable TV Program
TG's Adventures In Education (AIE) (www.AdventuresInEducation.org) is featured in a special report on the television program titled ".com". The segment showcasing AIE—"The Path to Higher Education"—highlights AIE's usefulness as a tool for college and career planning as well as for managing finances and avoiding student loan default.
Telephone Conference Reminder
Remember to register for the first of TG's 2002 telephone conferences on February 4, 2002, from 2-3 p.m. CST. The free session will offer participants the opportunity to discuss distance education, e-signatures, and the Meteor Project.
FAFSA Teleconference Reminder
Looking for a reliable resource to help families and students begin the process of locating financial aid? Why not encourage them to participate in "Applying for Financial Aid: The FAFSA Process" on Thursday, February 7, 2002, from 6:30 to 8:30 p.m.?
Trends and Issues
Employ JobGusher™ in Your Default Prevention Efforts
Borrowers who are employed are more likely to repay their student loans, and less likely to go into default. In addition, schools have a vested interest in helping their students avoid default through job placement assistance. To support efforts to prevent student loan default, EAS has developed JobGusher™.
Over One Million Served with MYF Online Counseling
Well over one million students have completed online student loan counseling through Mapping Your Future (MYF) (www.mapping-your-future.org). On Tuesday, January 7, 2002, at 3:30 p.m., a student attending Richard Stockton College in New Jersey became the millionth person to take advantage of the service.
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