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Federal Updates
Guidance on updates to recent loan purchase programs
ED recently announced updates to Ensuring Continued Access to Student Loans (ECASLA) announcement #68, which provided information about the four new servicers that have been awarded contracts to service student loans held by ED, including loans sold to ED through the Loan Purchase Programs authorized under ECASLA. The update includes several revised attachments.
New TEACH Grant guidance
ED has published a Dear Colleague Letter (DCL-GEN-09-10) that summarizes a change made by the Higher Education Opportunity Act (HEOA) to the TEACH Grant Program requirement that a grant recipient teach in a high-need field to fulfill the TEACH Grant service obligation.
Additional ED guidance on excluding veterans' benefits from estimated financial assistance
To provide clarification about veterans' educational benefits that are excluded from estimated financial assistance (EFA), ED recently provided additional information in an electronic announcement posted on the Information for Financial Aid Professional's Web site (IFAP).
TG Updates
TG to roll out redesigned TG Online
TG works to make sure your experience of its Web sites is intuitive and reflects your priorities as a financial aid professional. Later this week, TG will launch an enhanced version of its corporate Web site designed to provide you financial aid information in a more efficient, user-friendly way.
Enhanced List Assist℠ now available
Last week, TG released an enhanced version of List Assist℠, TG's lender survey tool. List Assist provides an online resource for generating, communicating, and tracking surveys used in creating a FFELP lender list.
Register today for this week's webinar on IBR
On Thursday, August 20, TG will offer a webinar covering the basics of Income-Based Repayment (IBR).
Latest edition of TG Connection focuses on college access and outreach efforts to support students
Many colleges and universities offer more than degree opportunities to students. They reach out to families and students through altruistic efforts that make college more accessible and the academic experience easier to navigate. By offering mentoring programs, tutoring services, and outreach initiatives, schools work to create a community of support for today's students. TG's newest issue of its quarterly news magazine, TG Connection, considers a few of the many ways that colleges and universities nurture that community.
Legislative Update
When Congress returns from its August recess, the House will take up the Student Aid and Fiscal Responsibility Act of 2009 (H.R. 3221). Learn more about the latest legislation moving through Congress.
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