November 5, 2008
CCRAA Final Regulations Released
The final rules for changes to student loan provisions found in the College Cost Reduction and Access Act (CCRAA) were published in the October 23, 2008, Federal Register.
>> Read more about the CCRAA final rules
FTC “Red Flag” Rules Announced
The U.S. Department of Education (ED) posted an announcement on Oct. 14 to inform institutions participating in the Perkins loan program that the FTC “red flag” rules apply to them. The rules may also apply to other credit programs administered by the institution.
Institutional compliance was originally required by November 1, 2008; however, in a recent press release, the FTC announced that enforcement of these “Red Flag Rules” will be suspended until May 1, 2009. Visit the FTC Web site for more information.
OKMM: Your Personal Finance Tag Team
Could your personal finance and loan management programs benefit from a tag team approach? Pull Oklahoma Money Matters (OKMM) into the ring with you!
>> Read more about what OKMM can do for you
Focus on HEOA: Lender Disclosures
Over the next several months, OGSLP’s Online News will highlight various provisions contained in the Higher Education Opportunity Act (HEOA). This month, we’ve provided a summary of the changes made to required lender disclosures.
>> Read more about lender disclosure requirements
ED Unveils College.gov
In September, the U.S. Department of Education (ED) unveiled College.gov, an online resource designed to provide credible information for students and parents about planning, preparing and paying for college. This Web site, developed with student input and participation, also includes advice from peers who are already attending college and encourages students to consider and pursue a postsecondary education. Teachers and counselors can also use the site to motivate students to investigate educational and career paths. Check out College.gov today!
How to Comment on Common Manual Policy Proposals
The Common Manual (CM) is an excellent resource for participants in the Federal Family Education Loan Program (FFELP). Comments from school and lender partners are encouraged, because your experience can lend an invaluable perspective to policy development.
>> Read more about the Common Manual
Making Work "Work": Resources for Busy Professionals
Reaching Goals, Step by Step
>> Read tips for reaching your goals