February 15, 2011 - Edition 591 TG
Shoptalk

Industry Update

FY 2009 draft 2-year cohort default rates released
ED has released the FY 2009 draft cohort default rates (CDRs) to all eligible schools. This article outlines the ramifications of CDRs, describes the appeals process, and describes how TG can help with default prevention.

Closed school corner
ED announced one school closing.

TG Report

TG enhances letter creation tool of the Integrated Default Assistant℠
In late February, TG will release enhancements to its online default management tool, the Integrated Default Assistant℠ (IDA℠), including changes to its utility for generating letters for borrowers with delinquent loans.

TG offers College Access and Affordability Telethons during Financial Aid Awareness Month
Throughout February, TG will co-host a series of telethons designed to provides viewers information about student financial aid, including help with understanding and applying for federal and state financial aid.

Before they get into trouble: Educating students about handling debt
TG's director of financial literacy operations Sharon Cabeen describes two approaches to paying down debt that many financial educators recommend and that could benefit your students.

TG closed on Presidents Day
TG will be closed next Monday, February 21, for Presidents Day. TG will resume normal hours of business operation on Tuesday, February 22.

Smart Solutions
Looking for a varied, budget-minded training experience that gives you a grounding in the latest regulatory developments as well as tools and trends in default prevention, financial literacy, and professional development? Register for the 2011 TG Annual Training Conference today.

News Briefs

Visiting the campus computer lab — and praying for a vacant workstation — is a weekly, if not daily, ritual for many students. More colleges are saving students the time of making the trip and the cost of buying any software required for particular classes by "virtualizing" their computer labs. These schools are placing access to their computer lab software and hardware on the Web. Students can then log in remotely and begin using applications like Microsoft Word® without even having the software on their desktops or laptops. Learn more about the virtualization of the campus computer lab.