|
Federal Updates
Neg Reg Sessions Completed
Negotiated Rulemaking, or Neg Reg, has concluded. Now, all of the hard work and negotiation of the Neg Reg participants will be reflected in the Notices of Proposed Rulemaking (NPRMs) that ED is expected to release by the beginning of June.
ED Launches Financial Partners Site
In a cooperative effort with representatives from the FFELP community, ED's Financial Partners Channel has developed the Financial Partners Portal, available at www.fp.ed.gov.
TG Updates
Neg Reg Participants to Lead Quarterly Telephone Conference
Following the success of TG's most recent telephone conference on distance education, e-signatures, and the Meteor Project, TG is offering a chance for the financial aid community to focus on another timely topic this spring: Negotiated Rulemaking (Neg Reg).
Click Me In
Things are heating up! As we near the end of the spring semester, and summer approaches, there are numerous opportunities to get involved. Why not plan on attending some of the informative events planned during the next several weeks?
Trends and Issues
Chat Event to Focus on Financial Aid and the FAFSA
Students and parents can obtain helpful information about financial aid and the application process during a May 9, 2002, Chat Event on Mapping Your Future (http://mapping-your-future.org). Financial aid experts from all over the country will answer questions during the event, which will take place from 3-4 p.m. (Eastern), 2-3 p.m. (Central), 1-2 p.m. (Mountain), and 12-1p.m. (Pacific).
Legislative Update
The April 30 edition of TG’s Legislative Report includes two articles about the Administration’s proposal to repeal the fixed interest rate provision in the Federal Consolidation Loan Program. Despite reports that the proposal has been withdrawn in response to opposition, the Senate Health, Education, Labor, and Pensions Committee has scheduled a hearing on the proposal and surrounding issues on May 14. Additionally, Representative John Boehner (R-OH), Chair of the House Education and Workforce Committee, issued a statement highly critical of the opposition, claiming that the savings from the proposal would go to the Pell Grant Program, and, therefore, to needy students, while the primary beneficiaries of the low fixed interest rate on consolidated loans would be middle- and upper-income borrowers. He also has requested that the General Accounting Office issue a comprehensive report on the Consolidation Loan Program, focusing on who benefits the most from the program.
|
