July 6, 2010 - Edition 561 TG
Shoptalk

TG Report

New video features TG's message of commitment in new federal student loan environment
As the federal student loan industry makes an historic shift from bank-based to government lending, TG remains dedicated to supporting students, families, and schools. In a new video, TG's President and CEO Sue McMillin affirms that message, noting that TG sees the changing environment as an opportunity to work even more closely with students and schools.

New additions to English-Spanish glossary related to student financial aid and higher education
The fifth edition of the English-Spanish Glossary of Student Financial Aid and Postsecondary Education is now available. New enhancements in the edition include the addition of 83 new terms, revisions to 23 existing terms, and the addition of ED-directed service marks to some terminology.

"Show what you know" at Booth #306 of the 2010 NASFAA Conference
Have you got policy "cred"? TG offers a fun way to find out at the National Association of Student Financial Aid Administrators (NASFAA) Conference held this year in Denver.

Training tools: TG webinars to focus on veteran issues and customer service in financial aid
This quarter, TG's policy and regulatory experts will continue a free webinar series on topics of interest to financial aid professionals, including current issues in the financial aid industry and financial aid fundamentals.

As industry shifts, Mapping Your Future® makes changes to entrance counseling module, website
Mapping Your Future® has revised entrance counseling sessions and student loan content on other areas of the website.

Industry Update

ED provides details about temporary loan consolidation authority
The Health Care and Education Reconciliation Act of 2010 allows certain borrowers to obtain a Direct Consolidation loan while a loan is still in an in-school status. ED recently provided more details about the borrower eligibility requirements for a Consolidation loan under this temporary authority as well as factors for borrowers to consider before consolidating.

New TPD regs for federal student loans and TEACH Grant service obligations take effect
ED recently posted an electronic announcement regarding new regulations that govern total and permanent disability discharge. The regulations establish a new standard for discharging FFELP, FDLP, and Perkins loans and TEACH Grant service obligations as well as alter the discharge process.

Remaining 2010-11 interest rates released
Two categories of interest rates were announced at end of June.

Policy Report

Latest IFAP postings
Recent postings, listed by topic, include the following, presented alphabetically by category, including campus-based aid, common origination and disbursement, and FFELP and FDLP loan servicing.

Ask the policy expert
How does the Health Care and Education Reconciliation Act of 2010 (HCERA) affect the rehabilitation of defaulted FFELP loans?

Smart Solutions
Your graduates face a tough job market. You can continue to support them after graduation with TG's pages on job hunting. Landing an interview is equal parts art and science, requiring practice and research. TG's Adventures In Education walks job-seekers through the steps of interview preparation and offers tips to polish performance.

News Briefs

Looking for ways to cut expenses? Information technology (IT) departments on various college campuses are introducing cost-cutting measures to help their institutions weather the recession. Putting forms online, switching out old pieces of equipment for better-running new ones, and negotiating maintenance fees are just a few changes schools like Saint Leo University in Florida are putting into effect. Learn more about these IT cost-cutting strategies.