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Federal Updates
ED issues new professional judgment guidance
ED has published a new DCL that focuses on students and families experiencing unemployment.
Guidance on new Total and Permanent Disability provision
ED released Dear Colleague Letter (DCL) GEN-09-07, which provides implementation guidance on the procedures for processing total and permanent disability discharge requests for borrowers who are covered by the new statutory provisions.
Reminder: Public comments due on proposed TILA regulations
The Federal Reserve Board (Board) published proposed amendments to Regulation Z, which implements the Truth in Lending Act, or TILA. The amendments will implement certain provisions of the Higher Education Opportunity Act of 2008 related to private education loans. Public comments on the rules must be submitted by May 26, 2009.
ED releases new ECASLA Electronic Announcements
ED published a series of new announcements (E-ANN) on the Ensuring Continued Access to Student Loans Act (ECASLA)
No consensus for Neg Reg Team V
Team V, the General and Non-Loan Programmatic Issues team, concluded its third and final meeting of Negotiated Rulemaking last week without reaching consensus. Negotiators could not reach complete agreement on student eligibility for year-round Pell grants as well as the school’s reporting of job placement rates within its consumer information.
TG Updates
TG sessions for NASFAA National Conference 2009 focus on financial literacy and college access
Financial aid professionals from around the country will gather in San Antonio from July 12-15 to hear seminars on a variety of financial aid issues, including regulatory developments and ongoing changes in the industry. Join TG team members in Booth #311 to learn more about TG’s many offerings for families, students, and financial aid professionals.
Provide your feedback as TG redesigns Adventures In Education (AIE™)
TG’s AIE design team is reviewing the current site with an eye to enhance services for students, families, and others who use the site. To improve the site, the team wants to hear from schools and all other prospective users.
Join TG at upcoming Student Success Symposia
TG offers a series of workshops for community colleges, independent colleges, and public universities interested in improving student persistence and success.
Mapping Your Future recognizes TG's Cindy Marrs as one recipient for 2009 Award of Excellence
During its recent 2009 Annual Conference in Minneapolis, Mapping Your Future honored various volunteers with its Annual Award of Excellence, including TG's policy advisor Cindy Marrs.
Trends and Issues
Policy potpourri
When referencing the Common Manual, I am sometimes uncertain whether references to 'days' means business days or calendar days. How do I determine which is meant?
Legislative Update
President Obama's budget proposal is a guide for the congressional committees to use as they develop tax and spending legislation. The budget resolution passed by the House and Senate neither endorses nor rejects the Administration's proposed changes to the student loan programs. Instead, it leaves all of the details to the committees of jurisdiction, so long as the legislation they produce is deficit-neutral. Learn more about the latest legislative developments by reading the full report on TG Online at www.tgslc.org/lege_report/2009/lr_090511.cfm.
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