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TG Updates
TG resolves third-level discrepancies on the NSLDS
One of the many services offered by TG is the resolution of third-level discrepancies on the National Student Loan Data System (NSLDS). Third-level discrepancies are conflicts with a Social Security Number (SSN), name, or date of birth (DOB). Such conflicts may affect students' financial aid balances and, therefore, eligibility for Title IV funds and student loan guarantees.
Federal Updates
Secretary of Education resigns
Rod Paige, secretary of the Department of Education (ED), has resigned from the Cabinet. His resignation was submitted on November 5 but was announced by the White House yesterday.
Closed school corner
The Department of Education announces four new closures.
ED reminds financial partners of 45-day gap rule
ED recently issued Dear Partner Letter FP-04-08 to remind its financial partners that when performing due diligence collection activities, gaps may not exceed 45 days between those activities as specified in 34 CFR 682.411(b)(2). ED's reminder emphasizes that the final demand letter is considered a collection activity as defined in 34 CFR 682.411(f), and is subject to the 45-day gap rule.
Legislative Update
The November 9, 2004 issue of TG's Legislative Report includes a post election analysis of state races from the National Conference of State Legislatures (NCSL), an update on the now-Republican majority Texas congressional delegation, and a compilation of the higher education and student financial aid-related bills that have been pre-filed for consideration during the 79th regular session of the Texas Legislature, which convenes on January 11, 2005.
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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