Industry News

Common Manual Policy Modification

Important Product Update: Mapping Your Future

Do You Know the Answer?

Higher Education Act (HEA) Reauthorization Update

Events Calendar

Contact OGSLP if you have an event you’d like us to highlight.

April 2-4
OASFAA Conference
Reed Center, Midwest City

February 21, 2008

Cohort Default Rates

On February 11, 2008, the Department of Education (ED) released FY 2006 Draft Cohort Default Rates to all eligible schools for informational purposes. The cohort default rate is defined as the percentage of a school's borrowers who enter repayment on Federal Stafford, Federal SLS, or Direct Stafford loans during a particular federal fiscal year and default or meet other specified conditions prior to the end of the next fiscal year.

>> Read more about Draft Cohort Default Rates

2007-2008 Negotiated Rulemaking Update

As reported in the January 31, 2008 Legislative Update, negotiated rulemaking is underway for both the Teacher Education Assistance for College and Higher Education (TEACH) Grant program and Student Loan (other Federal student aid programs authorized by Title IV of the Higher Education Act) teams.

>> Read more about Negotiated Rulemaking

President's Fiscal Year 2009 Budget Proposal

On February 4, 2008, President Bush submitted his $3.1 trillion FY 2009 budget proposal to Congress. The budget proposal, which sets funding levels for the Department of Education (ED) and other federal agencies, requests nearly $60 billion for education programs and provides for a $2.7 billion increase in federal Pell Grants.

>> Read more about President Bush's proposed 2009 budget

Financial Aid Awareness Week

To celebrate Gov. Brad Henry's proclamation of February 24 through March 1 as "Financial Aid Awareness Week," we're highlighting some of the vital initiatives and activities OGSLP engages in throughout the year to promote the important messages of college access, community outreach, and financial literacy.

>> Read more about OGSLP's initiatives and activities