Federal Updates

Closed School Corner
The Department of Education announces two new closures.

TG Updates

The Big Picture—A Really Big Hit
The TG 2002 Conference was another in a series of record breakers. The Big Picture: Take a Leading Role found nearly 500 industry partners in Austin in April at the Marriott at the Capitol for three days of information and fun.

New Resource Helps Visitors Make Sound Decisions about Money
Helping your students learn to manage their money and prepare for "the real world" just got easier. As part of our ongoing efforts to promote good decisions about money management and student loan repayment—and to help borrowers avoid default—TG has created "Managing Your Money."

Neg Reg Telephone Conference Reminder
There's still time to plan to participate in the upcoming Negotiated Rulemaking (Neg Reg) Telephone Conference planned for Thursday, May 16.

Trends and Issues

Reauthorization Approaches
The next Reauthorization of the Higher Education Act is scheduled for 2003. Discussions are swirling about whether it will occur as scheduled next year or be postponed until the following year, as is typically the case. No matter when it occurs, though, the financial aid industry should be prepared with suggestions for Congress as to how the Higher Education Act should be amended.

JobGusher™ to Host Retail and Healthcare Job Fairs Concurrently
After graduation many students ask themselves, "Now what?" JobGusher has a solution: make extra money and earn valuable work experience by finding a job at JobGusher's Online Job Fairs May 20-26, 2002!

Common Manual

Common Manual Updates
Information on recent updates to the Common Manual.

Legislative Update

The May 6 edition of TG’s Legislative Report includes an article about budget issues relating to supplemental spending requests and budget discipline, a related article regarding a report from Congressional Democrats concerning budget issues and their impact on access to higher education, and another article that offers a response to the report from Secretary Paige highlighting ways in which the Bush budget helps to keep college affordable.

Quick Links

• Managing Your Money
• JobGusher.com™

This, That, and the Other...

A Texas program based on the concept of matching funds has raised about $4.5 million from a combination of public and private sources thus far with the goal of increasing the number of graduates with engineering and technology degrees. The program, called the Technology Workforce Development Grant Program, offers grants for scholarships, salaries, training, and equipment.

With the state's current budget providing $5 million a year, if private matching funds are available, the program could provide considerable revenue to Texas institutions. The Texas Engineering and Technical Consortium is charged with sharing information about the program, which is administered by the Texas Higher Education Coordinating Board.

Find out more about the program at the consortium's website at http://www.tetc.utdallas.edu/.

Take a look at Adventures In Education, TG's Public Awareness website.