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Federal Updates
ED issues implementation guidance on HERA related changes
On Tuesday, June 20, 2006, the Department issued Dear Colleague Letter (DCL) GEN-06-10 providing additional guidance to institutions about changes resulting from the Higher Education Reconciliation Act (HERA) of 2005. The DCL outlines institutional responsibility and ED action that is required in order to implement certain changes required by the HERA.
ED releases guidance on HERA for foreign schools
Last week, ED released a Dear Colleague Letter (DCL) that highlights issues of particular interest to foreign schools, and provides information on foreign school reporting requirements. Among the topics covered in GEN-06-11 are the ineligibility of telecommunications programs offered by foreign schools, changes in FFELP direct disbursement rules, verification of enrollment for direct disbursements, and general disbursement requirements.
CCI forms revised as a result of HERA changes
Recently, NCHELP announced that Common Claim Initiative (CCI) forms were revised to incorporate changes resulting from the Higher Education Reconciliation Act (HERA) of 2005. The revised forms include the FFELP Default Aversion Assistance Request (DAAR) form, the FFELP Claim Form, and the FFELP Supplemental Claim Form.
TG Updates
Update on TG's implementation of Grad PLUS
TG's business partner services team has been working diligently since the signing of the Higher Education Reconciliation Act (HERA) of 2005 to integrate Grad PLUS loan processing and other changes due to HERA provisions into TG's products and services. We would like to provide an update on TG's plan to accommodate this new loan type with our business partners.
Doors opening: It's NASFAA conference time!
Next week, more than 3,000 financial aid professionals are estimated to arrive in Seattle for the NASFAA National Conference, scheduled for July 5-8 at the Washington State Convention and Trade Center. Several of TG's own team members will be in attendance to meet friends old and new, deliver innovative training experiences, and demonstrate how TG cares through its products and services and commitment to customer service.
Reporting Back: 1991
TG's Annual Report for 1991 looks back at TG's previous report as a standard for judging that year's success, discovering that Fiscal Year 1991 was a year of outstanding success for TGSLC. Here are some highlights from that report, focusing on "The Everyday Business of Building Futures."
Trends and Issues
TG and Nebraska education leaders explore future of higher education
Representatives from all sectors of education met on the campus of the University of Nebraska — Lincoln (UNL) earlier this month to focus on the future of higher education and how to anticipate and meet students' needs through 2020 and beyond.
Question of the week
Could a graduate or professional student who has been awarded Stafford and Grad PLUS loans for the same loan period decline the Stafford loan and borrow all loan funds for the period under the Grad PLUS program?
Legislative Update
The June 22nd issue of TG's Legislative Report includes an update on the proposed Stop Over-Spending (S.O.S.) Act of 2006 introduced by Senate Budget Committee Chairman Judd Gregg (R-NH), and how student financial aid programs would be affected, as well as a notice on the passing of the fourth extension of the Higher Education Act. 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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