TG Updates

TG offers two free telephone conferences on the interim final rules

As announced in this edition of Shoptalk Online, ED released a regulations package on August 9, 2006, for the federal student aid programs, including the FFELP. As a result, TG would like to provide its school and lender partners with an summary of these rules, to help you understand how they coordinate with the legislation on which they are based (most of them are derived from the statutory changes due to the Higher Education Reconciliation Act of 2005 [HERA]). Thus, TG invites you to join one of two free telephone conferences, titled "A look at the new interim final rules."

The events
We know that the timing of the release of these interim final rules is rather inconvenient for many institutions, as you are just gearing up for the beginning of the new school year. We also know that this isn't the ideal time for your staff to be sitting down for an hour (away from the multitude of students who require your attention) listening to a presentation. However, we know that you still want timely information, and we want to give you this information while trying to accommodate your need to provide maximum coverage at your institutions. Thus, we have scheduled two presentations, on separate days, and at different times of day, to provide you with scheduling flexibility. The teleconferences will be held on:

• Thursday, August 24, from 10:00 a.m. to 11:00 a.m. CST.
• Tuesday, August 29, from 2 p.m. to 3:00 p.m. CST.

The material provided in both telephone conferences will be identical. A brief question-and-answer session will follow each telephone conference. Participants may submit questions in advance of the events to viola.perez@tgslc.org.

The teleconference presenters will be Laura Kowalski, TG assistant manager of policy and regulatory affairs, and Kelly Kaelin, TG senior policy advisor.

To register
To participate in either teleconference, participants must pre-register with AT&T online by visiting www.att-rsvp.com, or by telephone at (877) 471-4350.

When pre-registering for the August 24 telephone conference, please reference Conference ID number 839849.

When pre-registering for the August 29 telephone conference, please reference Conference ID number 839852.

Each telephone conference is free of charge and open to participants from any institution.

More information
For more information, contact Viola Perez at (800) 252-9743, ext. 4507, or send an message to viola.perez@tgslc.org.

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Reporting Back: 1994

The year 1994 found TG articulating a clear vision and recommitting to its core mission of assisting students to realize their dreams of higher education. Below are some highlights from that year's annual report:

The beginning of that change took root in TG's own efforts to refine our corporate vision and reestablish our corporate mission. Through a joint effort of members of our Board and senior management in 1994, we created a vision that drives us to become, "the premier source of information, financing, and assistance to help all families and students realize their educational and career dreams."

Working with our industry partners to bring about improvements to the student loan program has been one of TG's goals for several years. We've conducted information exchange programs, training seminars, and conferences for higher education finance industry professionals to help them stay current on policies, regulations, and operational methods and tools. Our 1994 Fall Conference, "Making a Difference by Design," brought together more than 300 financial aid professionals from Texas and throughout the nation to discuss issues facing the financial aid industry.

As a partner with schools and lenders, TG has taken an active role. Such was the case when we volunteered to test software developed for the National Student Loan Data System (NSLDS), a nationwide student loan database required under the 1986 reauthorization of the Higher Education Act.

New at the end of this fiscal year, students, or anyone else with Internet access, could send us questions at any time — day or night. Students who have classes all day and work at night can ask a question at 2 a.m. and expect an answer within 24 hours. People from as far away as England and the Yucatan have sent questions to our address cust.assist@tgslc.org, and we've responded promptly, sending accurate answers to their addresses.

More than 196,000 students borrowed money for college in 1994 through loans guaranteed by TG. We approved a record net $958 million in loans to students attending postsecondary schools in FY 94 — a 31 percent increase over the total amount of student loans we guaranteed in 1993… These efforts are part of our goal to make higher education available to all students. At TG, we are working in partnership with schools and lenders to make a difference for students [and] create our future together.

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