Shoptalk Online 356

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Federal Updates

ED releases Electronic Announcement regarding changes to needs analysis at CPS
On May 11, ED released an Electronic Announcement discussing ED's plans to reprocess certain FAFSA data due to changes in need analysis as a result of the passage of the Higher Education Reconciliation Act of 2005 (HERA). This announcement is a follow-up to the Electronic Announcement released last week that provided a high-level overview of operational changes due to HERA.

TG Updates

Reporting Back: 1988
During 1988, TG continued and strengthened its tradition of service, technological innovation, and industry leadership, as demonstrated in the Annual Report for that year.

Question of the week
What is a cohort default period?

Trends and Issues

Building a summer bridge for the Grad PLUS student
Since President Bush's signing of the Higher Education Reconciliation Act of 2005 (HERA) last February, many of the high-level issues raised by TG and our industry partners about the resulting changes to the Higher Education Act have been addressed through further guidance from ED in the form of Dear Colleague Letters (see Shoptalk Online editions 351 and 346).

Origination fee reminder for lenders
Have you recently decided or have you just begun to pay origination fees on behalf of your Stafford loan borrowers? If so, please remember that this benefit, like many others in FFELP loan processing, is tied to when a loan is first disbursed.

Tip of the Week

Take advantage of TG's Integrated Default Assistant (IDA™) and learn how it can help your school manage its TG cohort default rate. To find out more, call (800) 338-4752.

This, That, and the Other...

On a recent Friday morning, a line of bathing-suit clad students stood beside a campus swimming pool, waiting to jump in. They had come to persuade the University of North Carolina at Chapel Hill they were worthy of a college degree — which they were not, in UNC's eyes, until they could swim 50 yards and tread water for five minutes.

This was the last swim test day at one of the last remaining colleges to require it.

A half-century ago, passing a swim test was a common requirement on college campuses. In an era before health clubs, yoga and aerobics, swimming was both a popular exercise option and a skill colleges believed men and women should master — both for their own safety and for social reasons.

But swimming has lost its prominent place in campus physical education as the finishing school element has faded and other fitness options have multiplied.

To read the May 7 Associated Press story in its entirety, visit www.washingtonpost.com/wp-dyn/content/article/2006/05/07/AR2006050700503.html.











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Shoptalk Online is published by TG. Unless specifically noted, the policies and procedures outlined in Shoptalk Online apply only to loans made under TG's guarantee and not to loans underwritten by other guarantors.

To ask questions about the articles in Shoptalk Online, please contact Communications at (800) 252-9743, ext. 4732 or communications@tgslc.org.

Contributors to this edition: Nina Hold, Kelly Kaelin, Cindy Marrs, Art Martinez, Susan Martinez, and Michael McSpadden. Edited by TG Communications and Policy and Regulatory Affairs. Designed by TG Communications.

©2006 Texas Guaranteed Student Loan Corporation.
Ask TG and the TG logo are trademarks of Texas Guaranteed Student Loan Corporation.