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Federal Updates
Deferment Forms Extended
The U.S. Office of Management and Budget (OMB) has extended the expiration date for the FFELP deferment forms. The forms were set to expire June 30, 2002, but have been extended for three months to September 30, 2002.
Total and Permanent Disability Discharge Q&A
The following Q&As are taken from a document published by the National Council of Higher Education Loan Programs entitled "Total & Permanent Disability Outstanding Industry Issues: DCL GEN-02-03." The document was compiled based on industry consensus concerning issues related to the new total and permanent disability discharge procedures effective July 1, 2002.
Borrower Inquiries Regarding Consolidation
Now that the new student loan interest rates have become effective (as of July 1, 2002), the industry is poised for the inevitable surge in Federal Consolidation loan requests. As a result of this increased interest in consolidation, TG has received several questions from borrowers regarding consolidation that Shoptalk Online would like to highlight.
TG Updates
It's No Secret: TG Jazzed Up for the NASFAA Conference
TG team members are scrambling around like crawfish making preparations for the NASFAA Conference 2002, Jazzing It Up in the Big Easy, in New Orleans from July 21-24.
Click Me In
Some significant national events are coming up in the next few weeks. TG team members look forward to seeing you!
Edufacts™—June 2002
According to a study by American Demographics Magazine, 56 percent of current college students plan to live with their parents for some period of time after they graduate. (American Demographics, June Issue 2001)
Trends and Issues
MYF Chat to Focus on Distance Ed and Financial Aid
Families and students interested in online and distance education should plan to take part in a special chat event on Mapping Your Future (MYF) on July 11, 2002. During the live event, "Online and Distance Education Chat," financial aid and career experts will be available to answer questions from participants about distance education and financial aid.
Common Manual
Common Manual Governing Board Reorganizes, Elects New Leadership
In a move designed to strengthen and streamline ongoing maintenance and production of the Common Manual and e-Collection CD-ROM, the Governing Board has reorganized functions performed by the Board and its committees.
Legislative Update
The June 27 edition of TG’s Legislative Report includes a press release about the recent follow-up report about access from the Advisory Committee on Financial Aid, a memo to members and staff of the Texas Congressional Delegation from TG’s President and CEO regarding HR 4866-Fed Up Higher Education Technical Amendments of 2002, and an article about staff recommendations recently adopted by the Sunset Advisory Commission.
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