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Federal Updates
Reversal of ED guidance brings good news for certain teacher loan forgiveness applicants
Last week, the FFELP industry received information from ED reversing a recent ruling on the eligibility of certain borrowers for increased loan forgiveness amounts under the Teacher Loan Forgiveness Program (TLFP); see ED's previous ruling in Shoptalk Online, Edition 305.
TG Updates
TG continues quality controls to ensure smooth foreign school loan processing
One of the most notable benefits of partnering with TG is our dedication to putting in place solid processes to implement policies that impact the FFELP. One example of the regulatory diligence that TG demonstrates concerns loan processing for borrowers attending foreign schools. For years, TG's quality controls for foreign school borrowers has demonstrated a practical approach to ensuring smooth, sound operations for lenders working with this segment of school customers while ensuring the integrity of the FFELP.
Skill builders: Building and leading your dream team
It's a task that some people dread. You've been chosen to bring together and lead a team to accomplish a specific task or project. Whether it's a group in your own department, a cross-campus team, or an association committee, leading a team can be intimidating. However, it can also be a rewarding experience, if you take a positive approach, keep organized, and focus on those you bring together to get the job done.
TG Resources: Posters promote default prevention awareness
TG, in collaboration with the Council for the Management of Educational Finance (Council), has published a series of default prevention posters. The posters promote awareness of the responsibilities of student loan repayment and the consequences of student loan default. They also highlight resources available to students as they enter repayment.
Question of the week
Can a school refuse to certify a loan for a student or parent who chooses a lender that is not on the school's preferred lender list?
Trends and Issues
The "in-school" consolidation aftermath: Reconsolidation
Shoptalk Online continues its series on the implications of the in-school consolidation rush that occurred earlier this summer. This week's article answers the question: if a borrower who obtained a Consolidation loan while in school receives a new Stafford loan(s) while completing his or her education, will the borrower be able to "reconsolidate" after graduation?
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