Federal Updates

Team I NPRM Released
The first Notice of Proposed Rulemaking (NPRM) to result from this year's negotiated rulemaking (Neg Reg) sessions has been released in the August 6 Federal Register, available at www.access.gpo.gov/su_docs/fedreg/a020806c.html.

TG Updates

Helping Students Prepare for Success
E ntering freshmen usually have lots of enthusiasm about the journey they are beginning. Even if returning students aren't quite as enthusiastic about the upcoming semester, they usually do have at least one thing in common with the freshmen: a need for information to help make their journey successful.

TG Offers Default Prevention Model
As part of last week's National Default Prevention Day activities, TG provided a copy of the newly-revised brochure "Default Prevention: A Model for Institutions of Higher Education" to attendees at each of the 12 workshop locations across the country. The booklet, developed cooperatively by TG and the Council for the Management of Educational Finance, provides strategies and instruction to help schools with the challenge of reducing student loan default.

Holiday Schedule for the 2002-2003 School Year
As you plan for the upcoming school year, you might want to include TG holidays on your calendar.

Trends and Issues

MYF Chat to Address Loan Consolidation Questions
With interest rates at a new low, Mapping Your Future (http://mapping-your-future.org) will offer a "Loan Consolidation" Chat on August 8, 2002, to help borrowers decide what's right for their individual situations. The chat is designed to help students and parents who are interested in consolidation learn more about its advantages and disadvantages.

Legislative Update

The July 30 Legislative Report includes a summary of the status of FY 2003 appropriations and an article that offers an update on “Closing the Gaps,” the Texas effort to increase college enrollment.

This, That, and the Other...

With scandals and allegations of fraud circulating in the news, many companies are responding with a renewed focus on business ethics. The following shows one perspective of a contrast between the economic/business and ethics models of human behavior:

Economic/business model of human behavior—
- Egocentric, self-centered
- Motivated by pursuit of individual wants, tastes, and preferences
- Behavior is rational when its aim is to strengthen one's own best interests
- Asks "How can I get ahead, get what I want?"

Ethics model of human behavior—
- Communal, collective
- Based on relationships with others
- Considers rights of others in addition to own desires and goals
- Asks "What ought we do?" in regard to others

To reconcile these divergent models of behavior, ethical leadership is required. Ethical leadership serves the common good, not just self-interests. It involves due consideration for the rights and interests of all stakeholders involved in a business. In addition, ethical leadership fosters the development and growth of others while helping them meet their basic needs.

These insights were taken from a presentation by Howard T. Prince II, Ph.D.

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