USA Funds Update

USA Funds Supports $25.8 Billion in Loans for Higher Education
USA Funds^® guaranteed nearly $25.8 billion in loans under the Federal Family Education Loan Program to help students and parents pay higher-education expenses during the fiscal year ending Sept. 30, 2007. Read more.

Debt-Management Perspectives

Truckee Meadows Community College Credits USA Funds for Default-Rate Success
When Debra Buringrud received her school’s 2005 cohort-default rate a few weeks ago, she was thrilled to see a nearly 23-percent drop — one she attributes to using default-prevention tools from USA Funds. Learn more.

Tech Talk

USA Funds Offers Online Overview of Product Enhancements
USA Funds will present webcasts Oct. 15-24 with information about enhancements to online products and services that will be available beginning Oct. 22. USA Funds Services technical consultants will host the webcasts to highlight enhancements to the USA Funds Connection^® portal and USA Funds Loan Counselor^SM online counseling tool, and updates to the OpenNet loan-delivery system. Register online for a webcast.

USA Funds to Implement New Online Security Process
Effective Oct. 22, security procedures for all USA Funds online applications will be enhanced using a multi-factor authentication process to verify a user’s identity. Learn more.

Washington Report

House Republicans Introduce Reauthorization Proposal
Republicans in the U.S. House of Representatives have introduced their proposal for reauthorization of the Higher Education Act. Read more.

Operations Bulletin

Department Publishes Final Regulations on 9/11 Loan Discharge
The Department of Education issued final regulations on provisions authorized in the Third Higher Education Extension Act of 2006. The rules address loan discharges available to eligible family members and victims of the Sept. 11, 2001, terrorist attacks. Read more.

Special-Allowance Rates Announced for Quarter Ending Sept. 30, 2007
The Department of Education has published Special-Allowance Rates for the quarter ending Sept. 30, 2007. You will need Adobe Reader to view and print the latest rates.