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Federal Updates
Guide provides financial institutions with help in complying with Security Guidelines
Is your financial institution in compliance with the federal Interagency Guidelines Establishing Information Security Standards (Security Guidelines)? Are you uncertain about what the Security Guidelines are or if they apply to your institution?
Appropriations bill provides relief for schools impacted by Hurricane Katrina
On December 30, 2005, the president signed the Defense Appropriations Act of 2006 (H.R. 2863). H.R. 2863 (which is now Public Law No. 109-148) provides a total of $29 billion in assistance to Gulf Coast regions impacted by Hurricane Katrina, including $200 million for higher education institutions.
Current Special Allowance Rates: Quarter Ending December 31, 2005
Special allowance rates for the quarter ending December 31, 2005, are now available.
Closed school corner
The Department of Education announces two new closures.
TG Updates
TG enables schools to deliver financial aid award notifications online
TG now offers TG Awards By Web™, our online financial aid award notification system, to school customers. TG Awards By Web helps financial aid professionals operate more efficiently and provide their students with more convenient access to their financial aid award information.
Meet Beth Valdez, TG claims examiner
Imagine gathering in one place every volume of federal regulations governing FFELP loans that has been issued over the past two decades. If you lined up those volumes you would probably have a library aisle's worth of information. For claims examiners, those shelves of regulatory information serve as a user's manual of sorts, perhaps one of the largest in the world — and the best guide to ensuring that student loan claims get paid promptly and correctly.
Question of the week
When is a school required to prorate a loan for a student?
Trends and Issues
Mapping Your Future and TG offer alternative loan resources
Alternative loans are becoming more and more common as a financing source for higher education. Many of your students may be securing alternative loans to help pay for their college costs, but because of the difference in regulations regarding FFELP and alternative loans, you may be unsure of how to address alternative loans during entrance and exit loan counseling.
Common Manual
Common Manual Updates
Information on recent updates to the Common Manual.
Legislative Update
The December 21, 2005 issue of TG's Legislative Report includes updates on the HEA Reauthorization; Health and Human Services, Labor, and Education FY 2006 Budget Reconciliation and Appropriations; and an interim study that the Texas House is set to begin. 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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