Back to current
Shoptalk Online Contents

TG Updates

Shoptalk Online 508, June 16, 2009

TG Updates

Plan to attend TG's upcoming webinar on R2T4

If you haven't yet registered for TG's industry training webinar scheduled for June 18, it's not too late. The webinar, scheduled from 2 p.m. - 3 p.m. Central Time, will focus on the Return of Title IV funds (R2T4) calculation and process.

The R2T4 calculation is complex and can be one of the most challenging duties that a financial aid officer must perform. ED has placed a heavy emphasis on R2T4 in school program reviews. This session will help new and seasoned financial aid officers to demystify the R2T4 calculation. It will also offer suggestions on how to improve the R2T4 process within their offices. The course provides some general principles of the R2T4 process, explains the elements of an R2T4 calculation, and provides recommendations on how to avoid some of the more common R2T4 findings in a program review.

To register
Register for this free webinar at www.tgslc.org/training/webinars/industry.cfm. Schedules for additional webinars will be published quarterly and announced in Shoptalk Online.

Returned claim documentation

Effective July 1, 2009, TG claims will implement new procedures for the return of recalled or denied claims.

Under the new procedures for recalled claims, TG will return to claim submitters only an acknowledgement that the recall has been processed and any original promissory note(s) submitted with the claim. Standard transmittal procedures will remain in place, but TG will no longer return a copy of the claim packet or a copy of any promissory note.

Likewise, for denied or returned claims, TG will cease returning copies of claim packets. Only a claim reject letter and original promissory note (if applicable) will be returned to lenders and servicers. Please note that any paper (non-CAM) claim that is resubmitted to TG must include an updated Claim Form found at http://www.tgslc.org/pdf/claim.pdf.

Questions?
For questions concerning the new returned claim procedures, please contact Ron Stroud, TG's assistant vice president of Claims, at (800) 252-9743, or send an e-mail message to ron.stroud@tgslc.org.

TG to present webinar on ECASLA

Next week, TG will offer a webinar designed to provide an instructive overview of the impacts of the Ensuring Continued Access to Student Loans Act (ECASLA). The webinar will be held June 24, at 3 p.m. Central Time. Participants will hear an overview of the programs created to combat the lack of liquidity in the financial markets, including the Loan Participation Purchase program; the Loan Purchase Commitment program; and the Asset-Backed Commercial Paper Conduit program. This program is intended for the FFELP school community.

To register
Listen in and ask questions. Register to attend this webinar at http://www.tgslc.org/training/webinars/ecasla062409.cfm.

For help
If you have any questions regarding this upcoming webinar, please contact Lisa Felder, external product training coordinator, at lisa.felder@tgslc.org. If you need technical assistance with TG's products, please contact the TG product support team at (800) 332-1455, or send an e-mail to product.support@tgslc.org.

Financial literacy focus: TG to host two financial literacy symposiums

This summer, TG will host two free one-day symposiums on developing and implementing campus financial literacy programs. TG's symposiums offer forums where professionals can discuss techniques to help students manage their finances more responsibly.

Mark your calendar
TG hosts the first symposium in Houston, Texas, on Monday, June 29. The event, to be held at the Embassy Suites Hotel near the Galleria, will run from 9:30 a.m. to 3:30 p.m. Central Time. Among other things, attendees will discuss developing financial literacy initiatives and improving successful financial literacy programs.

TG will host the second symposium on Tuesday, July 21, in Chicago, Illinois. More details about the Chicago symposium will follow in a future edition of Shoptalk Online.

To register
For more information about TG's 2009 Financial Literacy Symposiums, or to register to attend either event, visit TG Online at www.tgslc.org/training/literacy.

For questions
To learn more about TG's upcoming symposiums, contact TG's financial literacy program manager Margie Harvey at (800) 252-9743, or send an e-mail message to margery.harvey@tgslc.org.

New poster advises students to learn how dropping classes can affect their financial aid

Students considering a withdrawal from classes or a drop below half-time enrollment should weigh their options carefully. Withdrawal or less-than-half-time enrollment can affect a student's eligibility for financial aid. These options can also set students on the path to repaying their student loans before they have the resources to meet this financial obligation.

TG has designed a poster that cautions students to consult with a financial aid counselor before deciding to drop classes or completely withdraw from college. The bright red, 12" x 36" poster contains a rebus, that is, a riddle that uses letters and pictures of objects to represent syllables and words. When solved, the message offers a simple, direct message to students: "Drop in before you drop out."

To order
The poster is available at no cost. Visit TG Online at http://tgorder.tgslc.org/acb/stores/3/product1.asp?SID=3&Product_ID=185 to place your order.