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Federal Updates
Congress instructed to resolve reconcilable differences
The House and Senate budget committees have adopted their FY 2006 budget resolutions. The House resolution calls for total FY 2006 spending of $2.5 trillion. This amount includes $843 billion in discretionary spending — $419.5 billion for defense and $423.5 for non-defense — and provides $106 billion in selected tax reductions through 2010. The Senate resolution calls for spending of $2.6 trillion. This amount includes $843 billion in discretionary spending — $439 for defense and $404 for non-defense — and provides $70.2 billion in selected tax cuts through 2010. Both resolutions include $50 billion for the "war on terror."
TG Updates
TG's RT4 teleconference is huge success
Financial aid professionals from nearly 200 institutions participated in TG's RT4 — Basics and Beyond teleconference on Thursday, March 17, making the event the most popular of TG's Industry Telephone Conference series.
2005 TG Conference sessions focus on school, lender issues, and default aversion
This year's TG Conference, Breakthrough: Higher expectations in higher education, to be held April 11-13 in Austin, Texas, will offer eight "tracks" with session topics geared to specific audiences. Participants may attend all sessions from a single track or choose various sessions from multiple tracks.
Default management track to offer session on the implications of education debt at 2005 TG Conference
Next month, at the 2005 TG Conference, the Council for the Management of Educational Finance (the Council) will present a series of conference sessions that focus on debt management and default aversion. Committed to its core mission, the Council and TG have worked diligently to provide conference participants with an opportunity to learn about the latest information and best practices in student debt management and default aversion.
Trends and Issues
FAFSA Info Center debuts on Adventures In Education
As an added financial aid resource for your students and parents, Adventures In Education (AIE) now features a FAFSA Info Center that offers helpful information regarding the Free Application for Federal Student Aid (FAFSA). The section, available at www.AIE.org/FAFSA, is designed to help college-bound students understand the FAFSA and how the form is used to determine a student's eligibility for financial aid to finance higher education.
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