Federal Updates

Relief Continues for TRA School Reporting
On April 29, the Internal Revenue Service (IRS) issued proposed rules for comment on school reporting of qualified tuition and related expenses. The proposed rules concern the Taxpayer Relief Act of 1997.

TG Updates

A Day in the Life…The Series Continues
In this ongoing series, Shoptalk Online has previously examined TG's role in the Awareness, Origination, and Interim phases in the life of a loan. In part one of a two-part article, the series continues this month, with a focus on the part that TG's Default Prevention plays in the next loan phase—Repayment.

Legislative Update

The May 21 edition of TG’s Legislative Report includes updates on the FY 2002 Supplemental Appropriations Bills from both the House and Senate and an article about HR 4678—the Consumer Privacy Protection Act of 2002.

A Day in the Life

• ...of TG's Default Prevention
• ...of TG's Customer Assistance
• ...of TG's Loan Guarantee Operations
• ...of TG's Educational Alliances

This, That, and the Other...

The National Center for Education Statistics (NCES) has recently released the results of a study that concludes that students who are awarded Pell grants have a higher probability of graduating than those who do not receive such aid. In its report, "Persistence and Attainment of Beginning Students with Pell Grants," the NCES took a look at first-time college freshmen during a specific academic year, and followed their progress to see which students—among those who received a Pell grant and those who didn't—were still in college three years later.

To access the report, visit the NCES website at http://nces.ed.gov/pubsearch/
pubsinfo.asp?pubid=2002169.

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