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TG Updates
TG Launches AdvanTG Web™
TG is pleased to announce the release of AdvanTG Web™, a comprehensive, web-based loan management tool that allows schools to manage all aspects of their student loan portfolios through a single web interface. Nine public and private universities in Texas are already up and running on AdvanTG Web as of today, and more schools in Florida, Mississippi, and Texas will move to AdvanTG Web later this week.
Federal Updates
ED Extending Multi-Year Use of MPN to All U.S. Schools
In keeping with the generous spirit of the holidays, ED recently announced a broader Master Promissory Note (MPN) policy in Dear Colleague Letter (DCL) GEN-02-10. According to the new policy, all domestic schools will soon be able to use the multi-year feature of the MPN. Borrowers attending foreign schools will not be able to use the multi-year feature of the MPN, unless such a school is informed by ED that its borrowers may do so.
Deadline Near for Electronic Cohort Default Rate Enrollment
In Edition 174, Shoptalk Online announced that starting with fiscal year (FY) 2001, ED will send out electronic cohort default rates (eCDRs) via the Student Aid Internet Gateway (SAIG). This process will launch in February 2003, when ED distributes the FY 2001 draft rates.
Closed School Corner
The Department of Education announces three new closures.
Trends and Issues
MYF Enhances Loan Consolidator Worksheet
Mapping Your Future (MYF), a public service website providing college, career, and financial aid information and services, has enhanced its Loan Consolidator Worksheet (http://mapping-your-future.org/features/dmconsolid.htm), allowing borrowers to estimate consolidation costs with as many as 16 underlying loans. The worksheet also links to MYF's Loan Consolidation page (http://mapping-your-future.org/paying/cnsldte.htm) so borrowers can find out more about the benefits and drawbacks of consolidation.
Common Manual
Common Manual Updates
Information on recent updates to the Common Manual.
Legislative Update
The December 4 issue of the Legislative Report provides updates on the appropriations outlook for the upcoming 108th Congress, a recent symposium on federal budgeting, and the agenda for the upcoming 78th Texas Legislature. Read the details at www.tgslc.org/lege_report/index.cfm.
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