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Federal Updates
HEA extension signed
Another extension of the Higher Education Act (HEA) has been approved by both chambers of Congress and signed into law. The original bill, HR 3927, was replaced with a slightly different version from the Senate (S 2258), the Third Higher Education Extension Act of 2007.
Final rules for loans and general provisions
On November 1, ED released the much-anticipated final rules for loan provisions.
ED provides new FERPA guidance
ED has released three new brochures regarding the Family Educational Rights and Privacy Act (FERPA).
NSLDS Newsletter #15 available
Last week, ED released NSLDS Newsletter #15, which discusses recent enhancements to the National Student Loan Data System (NSLDS) for the 2008 award year.
TG Updates
TG names Kevin Struckhoff assistant vice president of relationship management and consulting team; Margie Harvey transitions into new role
In his new role, Struckhoff will lead TG’s relationship management and consulting team and represent the company with colleges, universities, and lenders. He has spent 25 years working for various lending institutions in several states. Margie Harvey, who led the relationship management and consulting team until recently, has chosen to take on a new opportunity in TG’s marketing and product management area.
TG senior default aversion counselor Feliciano Lopez helps borrowers stay on top of student loans
To help borrowers avoid default, TG senior default aversion counselor Feliciano Lopez is willing to do whatever it takes.
Trends and Issues
Remind your May graduates — Grace period ending
Six months after their graduation in May 2007, your spring graduates are facing another milestone of sorts: the end of grace period on any Federal Stafford loans they hold. If you’re communicating with your former students, consider reminding them of their repayment obligations. You can include in your communication tips and information about what to do if the borrower can’t make a payment.
Question of the week
Must a student be enrolled at least half time in order to be eligible for aid under one of the campus-based programs (Federal Supplemental Educational Grant [FSEOG], Federal Perkins Loan, and Federal Work-Study)?
Common Manual
Common Manual Updates
Learn more about recent updates to the Common Manual.
Legislative Update
As the congressional calendar winds down and FY 2008 appropriations dictate more and more of the agenda, members in both houses of Congress will be struggling to reconcile their differences on various budget and education-related bills. At the same time, they’re working on other substantive legislation relating to children's health care, higher education reauthorization, and defense authorization, among other issues. Recently, both chambers passed appropriations bills, which exceed the Administration’s proposed budget on domestic spending. Learn more about recent developments on the Hill by reading the complete Legislative Report at www.tgslc.org/lege_report/2007/lr_071030.cfm.
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