January 4, 2011 - Edition 585 TG
Shoptalk

Industry Update

Common Manual updates
Guarantor representatives who serve on the Common Manual Governing Board have approved several changes to the Common Manual.

TG Report

TG offers schools new web resources for Program Integrity rules
Final regulations on a collection of 14 topics intended to strengthen the integrity of the Title IV programs were published on October 29, 2010. These new rules primarily impact schools — both financial aid professionals and their colleagues with other campus administration responsibilities. To help schools understand and prepare to implement these rules, TG is providing resources on its Program Integrity web page that include a number of TG and Department of Education (ED) resources to help schools navigate the new rules.

TG announces upcoming webinars on industry topics
TG's free webinar series on industry topics continues over the next few months. TG will provide presentation materials for each session, which can be downloaded, viewed, or printed. Time for questions and answers will follow the presentation portion of all sessions.

TG to present regional training and default aversion workshop opportunities throughout February
TG's regional training events and default aversion workshops provide opportunities for student services professionals to develop industry knowledge and stay informed of recent developments. In February, TG will offer many such opportunities throughout Texas.

Borrower resources: TG offers web resource that explains borrowing options
Students and parents can always benefit from a single source of easy-to-navigate, easy-to-understand, credible information about student loans. TG offers organized loan information for borrowers.

How TG's Counselors Network can serve your outreach efforts
If your college works with local high schools encouraging students to explore the college option, you'll find a great resource to offer to high school counselors in TG's Counselors Network.

Smart Solutions
Offer your incoming and returning students some help in planning their semester budget with this online budget worksheet from TG's Adventures In Education.

News Briefs

With financial literacy as a significant topic of discussion among those involved in higher education finance and administration, it is important to have a basic understanding of the concept and its origins. Dan Kadlec, writing for CBS MoneyWatch.com, shares his perspective on when the term financial literacy was coined, why Americans are in need of a personal financial education now more than ever, and what may lie ahead in an article titled "Financial Education: How We Got Here and Where We're Going."