August 17, 2010 - Edition 567 TG
Shoptalk

TG Report

TG financial literacy consultant Brenda Vaughn takes student perspective in teaching money management
For TG financial literacy consultant Brenda Vaughn, educating students in the principles of smart money management means bringing together two things that don't always seem to fit: teaching and fun.

TG's Enrollment Management Journal keeps its ear to the enrollment research ground
The science of enrollment management is a growing field of study — and for good reason. Last fall, more than 19 million students enrolled in college. To better manage the "education pipeline" for these students, schools are researching how to enroll more students effectively, help them thrive academically, and how to graduate them into the job market with the right skills.

Reminder: TG adjusts hours of operation for customer assistance
Effective Monday, August 16, 2010, the hours of operation for TG's customer assistance call center changed. New hours of operation are 8 a.m.-6 p.m. Central Time, Monday through Thursday, and 8 a.m.-5 p.m. Central Time on Friday.

AIE student resources: Resumes and interview strategies
As students work to complete their education objectives and establish their career paths, they may at times reach out to you for assistance in finding and securing internships, part time jobs, or entry-level positions. Often, they need help pulling together their resumes, looking for opportunities, and polishing up their interview skills.

Correction to Texas financial literacy symposium date
TG will be offering a financial literacy symposium at the TG Campus in Round Rock, Texas, on Tuesday, September 14. An article in last week's Shoptalk listed an incorrect date for the Texas symposium.

Industry Update

Revised Discharge Application: Total and Permanent Disability now available
ED published a revised application for total and permanent disability discharge for use by Direct Loan, FFEL, and Perkins Loan borrowers and TEACH grant recipients. The revised form reflects changes to the total and permanent disability discharge provisions made by the final regulations published on October 29, 2009, that became effective July 1, 2010.

ED awards new Total and Permanent Disability servicer contract
ED recently announced a change in the servicing of general total and permanent disability (TPD) discharge assignments for FFEL, Direct, and Perkins loans. Nelnet won the new general TPD contract and will begin receiving and processing discharge assignments on behalf of ED on October 1, 2010.

Proposed rules: Gainful Employment
On July 26, 2010, ED published a proposed rule in the Federal Register that would establish certain measures for determining whether certain educational programs lead to gainful employment in recognized occupations. This article will provide a high level synopsis of the proposed rule and will be the first in a series of articles that provides an overview of the proposed rules.

Closed school corner
The following table provides a list of newly reported school closures and corrections from the Postsecondary Educational Participants System (PEPS) and from the August 2010 Closed School Monthly Report supplied by ED. Schools listed are those with which TG has done business, or to which TG has otherwise provided services.

Policy Report

Latest IFAP postings
For the convenience of the entire financial aid community, ED assembles Title IV federal student aid guidance, resources, and information on its Information for Financial Aid Professionals (IFAP) website. Recent postings, listed by topic, include the following, presented alphabetically by category.

Ask the Policy Expert
What should a school do if it released Direct loan funds directly to a borrower and the student failed to begin attendance, failed to complete the verification process, or failed to establish half-time enrollment?

Smart Solutions
TG offers an extensive set of online resources for borrowers interested in Income-Based Repayment (IBR), including an online calculator, a link to the IBR application, and assorted information on managing repayment. Find out more about these resources online.

News Briefs

Each fall, dorm roommates meet, often for the first time, and begin occupying a small space in a shotgun marriage of sorts that could lead to friendship or merely mutual toleration. More colleges are taking advantage of Web services on social media sites like Facebook™ to bring together roommates that have better chances of being compatible and even developing a friendship. These services and survey tools gather data on student interests and living preferences and match students according to their responses. The Chronicle of Higher Education offers an overview of some of these tools, which are especially popular among incoming freshmen. Note that some Chronicle articles are available only on a subscription basis.