July 19, 2011 - Edition 613 TG
Shoptalk

Industry Update

ED provides guidance on FAFSA information to be verified for the 2012-13 award year
ED published an electronic announcement for the 2012-13 award year, which defines the acceptable documentation to verify each FAFSA data item. ED also published DCL GEN-11-13 that provides additional details and a summary of how the verification process will be implemented for the 2012-13 award year.

ED introduces the Federal Loan School Support Team
To ensure that schools receive ongoing program support for Direct loans and other federally owned loans, ED has created the Federal Loan School Support Team (FLSST). This team will offer assistance to schools and solicit feedback about processing, from origination through repayment.

New Default Prevention Resource Information Web page available
ED has consolidated all of its delinquency and default prevention resources on a new Web page that provides schools with a single, convenient location for information and resources.

ED provides update on SAIG Message Class file update
ED informed schools that on July 22, 2011, it will send a message class "MESSAGTB" via the Student Aid Internet Gateway (SAIG) to all user mailboxes. This new message class table will include four new message classes that will be used in the reporting process for gainful employment.

TG Report

TG expands financial literacy offerings available through the TG Learning Center
TG now offers all ten modules of the TG Financial Literacy Program through the TG Learning Center, an online learning environment. The TG Learning Center serves as a ready-made tool for a school's training needs. School administrators can combine modules with online classes, or offer them along with in-person presentations.

Task-juggling 101: How to take control of administrative overload
Staying ahead of the regulatory learning curve and managing new assignments can be a challenge, even for the most organized individual. However, there are things that you can do to stay in command of your priority jobs and to handle the new projects thrown your way.

TG financial literacy training explains employee benefits to students and job-seekers
The TG Financial Literary Program offers a highly interactive training module that provides an overview of how benefits can add value to an employee's total compensation. The module explores a range of benefit options and helps demystify various concepts such as the cost sharing benefits of group insurance.

Smart Solutions
Before they come to campus, give your students some helpful information about managing credit cards. TG's Adventures In Education offers tips on credit card use and interactive tools for understanding credit.

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News Briefs

If you're curious how the recession affected enrollment for each school sector, including public, private, 4-year, and 2-year institutions, the Chronicle of Higher Education offers an interactive chart, showing changes from fall 2007 through fall 2010. The chart also breaks down increases by region of the country. By far, the sharpest enrollment increase came at 2-year public institutions located in the northeast and occurred shortly after the official end of the recession, which was June 2009. Fall 2009 enrollment for these colleges went up by some 10 percent. However, enrollment leveled off after fall 2010 for all school sectors. The end result according to figures compiled from the National Student Clearinghouse Research Center? The recession caused only a mild increase in national enrollment levels.