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Federal Updates
Details about Neg Reg released
ED recently published a Federal Register notice stating that it would be conducting negotiated rulemaking (a.k.a. Neg Reg) beginning this December. ED has now chosen the members of the community who will participate on the Student Loan Issues team of Neg Reg and has set the actual date for the first Neg Reg session.
TG Updates
TG redesigns its comprehensive Web site on college finance — TG Online
Innovation and a need to provide the best experience for users have been the guiding principles behind TG Online since its inception in 1995. TG Web site designers review the site on a regular basis to ensure its effectiveness and to plan enhancements that make it an even better resource for schools, lenders, borrowers, and students and their families. The latest example of their efforts is now on view: TG has launched a redesign of TG Online (www.tgslc.org), which updates the site's look and incorporates customer feedback on issues of usability.
TG and Council produce A School's Guide to Servicers and other resources for schools and students
TG and the Council for the Management of Educational Finance have recently completed work on several resources that help schools and students in the area of student loan default prevention and debt management.
Spotlight on TG's Public Benefit Grant Program: Austin Community College
For FY 2007, TG awarded more than $3.5 million in competitive grants to 28 institutions and nonprofit organizations. In this second in a series of grant profiles, Shoptalk Online looks closer at one of the recipients of TG’s program: Austin Community College (ACC), a two-year public school with an exemplary outreach program.
Looking to hone your leadership skills? Apply to TG's Financial Aid Leadership Symposium
TG offers a unique leadership development opportunity for professionals in financial aid — its 2007 Financial Aid Leadership Symposium, which will be held from February 5 - 9 at the TG Campus in Round Rock, Texas. The Symposium looks closely at particular qualities of leadership within the context of the student financial aid community. The application deadline is December 1, 2006.
Reporting Back: 2000
Shoptalk Online has marked TG’s 25th year as a guarantor in the FFELP industry by looking back at the company’s quarter century of work. The annual report for 2000 makes note of a number of milestones in various areas, including outreach, industry training, and technology products.
Trends and Issues
Question of the week
If a dependent student is selected for verification and the student's parent has filed for an extension on his or her annual tax return, and, due to circumstances beyond the parent's control, the parent will be unable to provide the documentation for an unknown period of time, is there any exception that can be made to waive the verification requirement?
Legislative Update
The November 15 issue of TG's Legislative Report considers the agenda for upcoming sessions of both Houses of Congress. Given the shift in power from Republican to Democrat in the House of Representatives, priorities have changed: representatives will very likely take up and consider funding increases for student financial aid; increase Pell grant award amounts; and look more closely at last year's reauthorization of the Higher Education Act, which came with the Higher Education Reconciliation Act of 2005. You'll find out more about the possible legislative agendas of both houses by reading the full report at www.tgslc.org/lege_report/index.cfm.
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