Federal Updates

Closed school corner
The Department of Education announces three new closures.

ED releases guidance on subsequent disbursements for students displaced by Hurricanes Katrina and Rita
Last week, ED released two identical electronic announcements (one applicable to schools and students affected by Hurricane Katrina, and the other applicable to schools and students affected by Hurricane Rita) on the subjects of the "regular student requirement" and "annual and aggregate grant and loan limits."

TG Updates

TG names new regional account executive for New York
Steve Kakaty is the newest addition to TG's national sales team, serving as the regional account executive for student financial aid professionals in New York.

PESC launches CRC, TG joins as member
The Postsecondary Electronic Standards Council (PESC) has announced the release of Common Record: CommonLine (CRC) as a PESC member-approved community standard for the transmission of FFELP and alternative loan data. CRC Version 1.1.0 is an important first step in ensuring industry-wide student loan processing simplification for financial aid offices.

TG EFT enhancement updates provide customers with more options
Based on customer feedback and suggestions, TG will begin offering schools the option to choose the Electronic Funds Transfer (EFT) process that best meets their needs — TG's new Next Day Funding (NDF) EFT process, or TG's standard EFT process.

Skillbuilders: The Elements of E-communication
Most everyone has heard the advice on proper etiquette. However, for those who work in the financial aid office, protecting your students' personal and financial information when sending an can be a more challenging, but more important, task.

Question of the week
What does "default" mean?

Common Manual

Common Manual Updates
Information on recent updates to the Common Manual.

This, That, and the Other...

Remember to register for the upcoming TG telephone conference — Things that make you go “hmmm…” which will be held a week from this Thursday, December 15, from 2 p.m. to 3:30 p.m. (CST).

The telephone conference will cover a variety of recurring policy issues, including some of the key topics from ED's recent Dear Colleague Letter (DCL) GEN-05-16, titled "Responses to recent, recurring Federal Student Aid questions." Participants are also strongly encouraged to submit their own persistently perplexing policy questions in advance of the event to viola.perez@tgslc.org.

To register and to get further details, contact Premiere Teleconferencing at (800) 289-0579 and reference confirmation number 8317574. The telephone conference is free of charge and open to participants from any institution. For more information about the event, visit www.tgslc.org/custfocus/
teleconf.cfm or contact Viola Perez at (800) 252-9743, ext. 4576, or send an message to viola.perez@tgslc.org.