TG updates

TG begins PLUS MPN processing; all systems "go"
TG is the first guarantor in the nation to announce that it is ready to process loan guarantees for parent borrowers using the new Federal PLUS Loan Application and Master Promissory Note (PLUS MPN). As a result, TG's school partners will be able to help their PLUS loan borrowers take advantage of the same convenience that has been enjoyed by Stafford loan borrowers for nearly four years.

Federal updates

ED announces revised deferment forms
Borrowers dealing with tough economic circumstances will now receive additional flexibility in the deferment application process. Among the regulatory changes approved in the final rules published November 1, 2002, are new rules affecting the eligibility criteria for unemployment deferment and the method for calculating the amount of a borrower's education debt burden for determining eligibility for economic hardship deferment.

Common Manual

Common Manual Updates
Information on recent updates to the Common Manual.

Legislative update

The March 11, 2003, issue of the Legislative Report lists and summarizes major financial aid legislation filed for consideration during the First Session of the 108th Congress. The report also summarizes bills filed for consideration by the 78th Texas Legislature that concern financial aid, tuition, and fees. Read the full report at www.tgslc.org/lege_report/index.cfm.

This, that, and the other...

NASFAA recently issued a news brief outlining school requirements for complying with the Federal Trade Commission (FTC) final rules on safeguarding customer financial information, which are effective May 23, 2003. The news brief is available to NASFAA members at www.nasfaa.org/newsletters/
daily/2003/tn022503.html.

Those without a NASFAA password can find similar guidance from NACUBO at www.nacubo.org/public_policy/
advisory_reports/2003/2003-01.pdf.

NCHELP members can access a summary of FTC final rules at www.nchelp.org/elibraryII/
Main/14-Members/14A-MB/2002/May02/02-may.htm.