September 14, 2010 - Edition 571 TG
Shoptalk

Industry Update

ED releases official FY 2008 cohort default rates
On September 13, ED released the official cohort default rates (CDRs) for FY 2008.

TG Report

TG to launch enhanced Integrated Default Assistant℠
On September 26, TG will make available a new version of the Integrated Default Assistant (IDA℠), a Web-based tool for managing a school's cohort default rate. With this version of IDA, TG implements a key change, allowing schools to import delinquency data from multiple sources, including both loans guaranteed under the FFELP and loans made under the FDLP.

"Know who you owe" — TG offers printed materials to help keep borrowers on top of repayment
As students transition from college to career, it's vital to keep them aware of any federal student loan obligations they take with them. Among other materials, TG offers a brochure on Income-Based Repayment (IBR) and two statement stuffers, one on IBR and another on using the National Student Loan Data System (NSLDS). Order these printed materials for your office lobby or provide them directly to students as mailings or handouts.

TG's default aversion experts work one-on-one with schools
TG's default aversion consultants offer an expert's perspective on what schools can do to enhance their default management efforts.

Create a more effective default management plan with TG's default aversion self-assessment tool
A tough economy and climbing default rates are causing many schools to examine their default management plan with an eye to building in new or more effective strategies. If you're enhancing your campus default prevention program, you'll find some ready support in TG's default aversion self-assessment tool.

TG's archived default prevention webinars offer one more tool for managing default
TG's policy experts offer webinars on various industry issues throughout the year, including several in FY 2010 on default prevention-related topics. A recording of each session is posted to TG's online archive.

Policy Report

Latest IFAP postings
ED has posted several announcements to the IFAP website, including information on the latest CDRs, campus-based aid, and common origination and disbursement.

Smart Solutions
TG's account management tool, myTG℠, provides borrowers with secure access to information for their TG loans. While online, users can use the utility to update personal information and check payment history, among other things. Find out more through TG's corporate website, TG Online.
News Briefs

You've probably seen the numbers about rising student loan debt — $23,000 on average for new graduates, and climbing. You very likely have seen the proof in the volume of loans your own students are borrowing. Still, students can be prone to "student loan mistakes" that leave them deeper in debt or vulnerable to repayment difficulties after graduation. Remind your students before they spend their financial aid check on a spring break trip or take on too much debt about some of the more common mistakes in taking out student loans. The online version of the San Francisco Chronicle offers a handy reminder of some of these mistakes.