|
Federal Updates
ED provides additional loan servicing information
ED has released the second in a series of Electronic Announcements (E-ANN) providing information on the transition to additional loan servicers beginning in September 2009.
Policies and procedures guidance
ED announced the availability of its Guide to Creating a Policies and Procedures Manual. ED developed the guide to assist schools in creating and revising written documentation of how they comply with Title IV federal regulations.
TG Updates
TG awards grants to 299 Texas college students
TG recently awarded $1 million in college grant money to 299 Texas college students. The money was allocated as part of the corporation's Charley Wootan Grant Program, which provides grants ranging from $1,000 up to $4,245 to qualified undergraduate students.
Join TG for the Fall 2009 TG Users Group Meeting
TG hosts a TUG meeting in the fall and again in the spring in conjunction with the TG Annual Training Conference. These opportunities provide a time to train TG users on new and enhanced products as well as a forum to discuss operational issues or changes in processing. The Fall 2009 TUG Meeting will be held on November 5 at the TG Campus in Round Rock, Texas.
TG now offers tools to promote Positive+Balance™ training sessions
TG offers a variety of financial literacy resources and training through Positive+Balance™, an extensive financial literacy training program. To help school users promote TG's Positive+Balance training sessions, TG is now offering a variety of session flyers and email banners.
Product spotlight: TG Loans By Web™ makes e-sign process easier for borrowers
TG works to provide a convenient, simple process for borrowers completing a federal student loan application. After initiating or completing a loan application, the borrower is presented with the option to e-sign a prom note. Borrowers who choose to e-sign a note will automatically be routed to the lender's website to complete the e-sign process, or TG's e-sign website.
Trends and Issues
Cohort default rates: Back to basics
While some schools may regard cohort default rates (CDRs) with some trepidation or anxiety, understanding the basics of CDRs can go a long way toward empowering a school to take steps to manage and positively influence its CDR.
Mapping Your Future® announces period of unavailability October 10-11
Mapping Your Future® will make major enhancements to its website on October 10 and 11, making unavailable various products and services over that weekend.
Legislative Update
On September 17, the House passed the Student Aid and Fiscal Responsibility Act of 2009 (H.R. 3221). The bill will now be referred to the Senate Health, Education, Labor, and Pensions (HELP) Committee, which will probably report its own bill to the full Senate by the end of September. The Senate may pass its version of a bill by early October. A House and Senate conference committee will then make adjustments for any differences between the two versions of H.R. 3221, which the Congress will then pass and send to the President. Learn more about the latest legislative developments online at www.tgslc.org/lege_report/2009/lr_090918.cfm.
| 
