January 11, 2011 - Edition 586 TG
Shoptalk

TG Report

TG's January industry webinar to focus on credit reports and student loans
TG's upcoming webinar — "The ABCs of credit reports and student loans" — provides an overview of credit, credit reports, and the importance of maintaining good credit history. The webinar can provide participants with a better understanding of credit so that they in turn can better support their students and borrowers.

Need support for your financial literacy effort? New video spotlights TG's resources
A new video offers an overview of the TG Financial Literacy Program, focusing on content, format, and the program's look. Designed for a broad audience, TG's financial literacy program consists of 10 presentations with accompanying workbooks and activities. Topics vary but, taken together, offer a foundation in the fundamentals of money management, from debt repayment to saving and investing.

Give your students a budgeting boost with Adventures In Education "Cost of College" page
To help students budget, TG's Adventures In Education (AIE™) supplies a set of Web resources, including a "Cost of College" page that itemizes typical college expenses. The page features a table breaking down costs by average tuition for certain school sectors, books and supplies, room and board, and more.

TG closed on Martin Luther King, Jr. Day
TG will be closed next Monday, January 17, in observance of Martin Luther King, Jr. Day. TG will resume normal business hours on Tuesday, January 18.

Industry Update

Current special allowance rates: quarter ending December 31, 2010
ED has announced rates for the first quarter of FY 2011.

Policy Report

Latest IFAP postings
ED has posted a variety of notices, including information on Common Origination and Disbursement (COD) processing, verification, and more.

Ask the Policy Expert
Do federal regulations permit a school to email exit loan counseling materials (within 30 days) to students who withdrew without notice in place of sending the materials via regular U.S. Postal Service?

Smart Solutions
Is your office creating Spanish-language materials on higher education and financial aid? Use the English-Spanish Glossary on TG Online to create more consistent publications that readers find both easy-to-understand and a good reference.

News Briefs

Fans of plain English — and who isn't? — have reasons to cheer. Last October, President Obama signed into law the Plain Writing Act of 2010. The law requires that government agencies write documents in "plain language," which is described as writing that is "clear, concise, well-organized, and follows other best practices." The law applies to all those government forms and documents which the general public wrestles with annually, or as needed, such as income tax forms, Veteran Administration forms, and applications of every sort for things like welfare relief and Medicaid. To anyone who has dipped into the labyrinthine pages of the Federal Register, the law will strike a hopeful note. However, it should be noted that the new legislation doesn't specify any penalties in case agencies don't comply. For the interested, the government offers a website that explains the law, defines "plain language," and provides numerous examples of government prose rewritten to be concise, active, and more transparent.