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TG Updates
TG begins pilot program for online financial aid awards system
TG is developing an online financial aid award packaging system to help financial aid professionals operate more efficiently and provide more convenient access to information for the students they serve.
Federal Updates
New DCL provides RT4 guidance
Last Friday, ED released new guidance on return of Title IV funds (RT4). ED issued the guidance in Dear Colleague Letter (DCL) GEN-04-03, the second in a series of letters on RT4 that began with GEN-00-24 in December 2000.
Feds sweeten loan repayment deal to attract employees
The federal government has raised the amount that it will repay on behalf of federal employees under the Federal Student Loan Repayment Program. This year, the program, administered by the Office of Personnel Management (OPM), increased the annual maximum that may be repaid under the program from $6,000 to $10,000, and the aggregate maximum from $40,000 to $60,000.
Trends and Issues
Adult students to receive financial aid answers during upcoming online chat
Adults planning to attend a college or university next fall can take the first step toward understanding the college application and financial aid processes by joining a special Mapping Your Future online chat event on Tuesday, March 9, 2004, at 6 p.m. CST.
Legislative Update
The February 10 issue of TG's Legislative Report includes updates on the reaction of House and Senate Republicans to President Bush's budget request for FY 2005, the breakdown of federal grant outlays to state and local governments under the administration's proposed budget, the Congressional Budget Office's estimate for the 10-year cost of last year's Medicare reform bill (H.R. 1), and two recently introduced bills affecting federal student assistance. Keep up with the latest developments by reading the full report on TG Online at www.tgslc.org/lege_report/index.cfm.
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