TG Updates

Make Nominations Now for TG Conference Awards
Ever feel that you and your financial aid colleagues are underappreciated? Step up and recognize your deserving colleagues for their contributions and accomplishments by nominating them for a TG Conference award.

Federal Updates

Variable Interest Rate for Calendar Year 2003
ED has announced the PLUS/SLS variable interest rate for 2003 for loans using the "91-day Treasury Bill" interest rate calculation method. Due to wording of promissory notes, some older loans are subject to a calendar-year adjustment of the variable interest rate based on the "91-day Treasury Bill" method that existed prior to the enactment of the Higher Education Act Technical Amendments of 1987. Most of the loans with this interest rate provision have likely already been paid in full or refinanced.

Legislative Update

The December 10 issue of the Legislative Report provides updates on the budget outlook for the 108th Congress, the agenda for the 78th Texas Legislature, and a new report on possible solutions to the looming budget shortfall in Texas. Read the details at www.tgslc.org/lege_report/index.cfm.

Quick Links

• TG Speakers Bureau

This, That, and the Other...

This is our last edition of Shoptalk Online for the year. We are breaking for the holidays, but look forward to bringing you more financial aid industry news each Tuesday in the new year. You will receive your next weekly edition of Shoptalk Online on January 7, 2003.

TG will be closed Tuesday and Wednesday, December 24 and 25, for the Christmas holiday and Wednesday, January 1, for New Year's Day.

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