Federal Updates

2005 Electronic Common Manual released
The 2005 version of the Electronic Common Manual (ECM) is now available for download at www.tgslc.org/resources/
integrated_online_manual.cfm. The 2005 ECM contains all of the new policies approved since the July 2004 version of the manual was published. A summary of the new policies and other changes is included in the manual.

Closed school corner
The Department of Education announces one new closure.

TG Updates

TG offers addenda for disclosing new interest rates
As announced in Shoptalk Online 308, variable interest rates on Stafford and PLUS loans will increase for the first time in four years on July 1, 2005. To help lenders and servicers disclose the new rates to borrowers, TG is again offering interest rate addenda to accompany its Notice of Guarantee/Disclosure (NOG).

Come see TG at NASFAA in New York
Each year, the NASFAA Conference offers an opportunity for financial aid professionals to gain new ideas and insights to help their offices maximize their potential and reach their goals. This year will be no different at NASFAA in New York City, and as always, you can count on TG to be there offering informative and innovative sessions to grab your attention and get you motivated.

TG enhances website with additional information about teacher loan forgiveness
In light of the recent changes to the Teacher Loan Forgiveness Program (TLFP), TG has updated and expanded information on teacher loan forgiveness on its website, TG Online.

Trends and Issues

NCES releases The Condition of Education 2005
ED's National Center for Education Statistics (NCES) recently released its annual report, The Condition of Education 2005 (COE) that summarizes important developments and trends in elementary, secondary, and higher education in the U.S.

Legislative Update

The June 8 issue of TG's Legislative Report includes a Congressional update on the final push of legislation for the initial session of the 109th Congress, which is scheduled to adjourn on September 30, 2005. Keep up with the latest developments by reading the full report on TG Online at www.tgslc.org/lege_report/index.cfm.

This, That, and the Other...

Don't forget to submit your application for the 2005 Commitment to Student Success Awards. The award, given by TG and the Council for the Management of Educational Finance, recognizes schools that have developed innovative debt management and default prevention strategies that have helped students to manage their debt and successfully repay their student loans. The deadline for entries is July 22, 2005. For more information, visit www.tgslc.org/council/
cssa.cfm.