Federal Updates

DCL Addresses Expiration of Disbursement Exceptions
The 1998 Reauthorization of the Higher Education Act provided two temporary exceptions to disbursement requirements for schools with low cohort default rates. These exceptions expire on September 30, 2002.

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

TG Updates

TG Makes an Impact with Successful Default Prevention Efforts
On August 1, the U.S. Department of Education sponsored its second annual National Default Prevention Day offering the financial aid community another opportunity to exchange information about proven strategies to combat student loan default. This year, nearly 2,000 participants nationwide benefited from information shared in various locations across the country.

Physician website List Available
In the total and permanent disability discharge process, the loan holder, upon receipt of a borrower's application for discharge, reviews the application and makes a preliminary determination of the borrower's eligibility. To assist in this determination, the National Council of Higher Education Loan Programs (NCHELP) has developed a handy tool that loan holders can use to verify this physician information.

TG Solutions and Tools

TG Loans By Web™ E-signature Lender List Continues to Grow
For nearly a year, TG Loans By Web™ (LBW), in conjunction with participating lenders, has offered student loan borrowers the option of electronic signatures. In that time, the number of lenders that have chosen to offer this option to borrowers has continued to grow.

Legislative Update

The August 13 Legislative Report shares information about the FY2003 Appropriations process, a hearing on the state of Texas Personal Privacy Task Force, and a call for a salary increase by teacher groups in Texas. Read the details athttp://www.tgslc.org/lege_report/
2002/lr_020813.cfm.

Quick Links

• Physician website List
• LBW E-Signature Lenders

This, That, and the Other...

We live and work in a world of acronyms. We provide answers to our customers' FAQs, search for information via the WWW, and even grab lunch from KFC. And we do it all ASAP.

Nowhere, it seems, are acronyms more prevalent than in the financial aid industry. Have you ever been reading something and wonder what ATB, ICRP, or SAIG (Ability to Benefit, Income Contingent Repayment Plan, and Student Aid Internet Gateway) mean? Well, ED's Financial Partners (FP) portal has developed a comprehensive list of acronyms used by the financial aid community. Check it out and maybe you can get some ES out of processing your ISIRs and completing your FISAP, all while consuming a PB&J (yes, even PB&J made the list!).

The acronym list is available on the FP website at www.fp.ed.gov/
PORTALSWebApp/fp/pubs.jsp. It's the last link at the bottom of the page, BTW.

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