TG Updates

Your input helps TG enhance AdvanTG Web™
Another round of enhancements has been made to AdvanTG Web, the flexible loan processing solution from TG. The product development team at TG thanks all the users — especially those active in the TG Users Group (TUG) — for their valuable input and feedback.

TG produces teacher loan forgiveness brochure, nears half-million-dollar forgiveness mark
TG has just completed publication of a brochure for borrowers that highlights key information about the Teacher Loan Forgiveness Program (TLFP). To view a downloadable PDF version of the brochure, go to www.tgslc.org/pdf/teacher_loan.pdf.

Default prevention team works with customers to manage debt, avert default
TG is committed to helping schools, lenders, and servicers in the financial aid community support borrowers in averting default. By providing exceptional service and counseling, the default prevention team at TG helps borrowers recover from loan delinquency and successfully manage their student loan debts.

Legislative update

The July 15, 2003, issue of TG's Legislative Report provides updates on a number of appropriations bills for FY 2004 and a Congressional Budget Office (CBO) budget review projecting a record deficit for FY 2003. Also included are updates on the status of major student aid-related legislation filed during the first session of the 108th Congress, including proposed Higher Education Act changes, appropriations, budget resolutions, and technical amendments.

Read the full report on TG Online at www.tgslc.org/lege_report/index.cfm.

This, That, and the Other...

Private or alternative student loans now account for more financial aid dollars than the federal SEOG, Work-Study, and Perkins Loan Programs combined. With college costs increasing faster than federal student aid, private loans are becoming a critical factor for students in school choice, according to a new study from the Institute for Higher Education Policy.

A report on the study, "Private Loans and Choice in Financing Higher Education," is available online at www.ihep.org/Pubs/
PDF/PvtLoans.pdf. Key findings are highlighted in a news release at www.ihep.org/
Organization/Press/
PR20030714.htm.