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December 12, 2006

 

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USA Funds® Education Access Report will not be published on Dec. 26 and Jan. 2, due to the holiday season. Publication will resume on Jan. 9, 2007. We look forward to providing you the latest updates about education-access and higher-education-finance issues in 2007.

Washington Report

Congress Extends Higher-Education Tax Benefit, Continues Current Spending Levels
The 109th Congress has come to a close with action to revive a tax break for higher-education expenses and approval of a stopgap federal spending measure. Read more.

Tech Talk

OpenNet Web Loan Delivery Enhancements Effective Dec. 16
Upcoming enhancements to OpenNet Web Loan Delivery will give users more options for generating queries and reports. Learn more.

USA Funds Update

Cheryl Foster CASFAA Honors USA Funds Services Representative
Cheryl Foster, a USA Funds Services account executive, has received the Distinguished Service Award from the California Association of Student Financial Aid Administrators. Learn more.

Indianapolis Museum of Art staff lead students in an art project. USA Funds Grant Supports Art Education
A $25,000 grant from USA Funds is helping the Indianapolis Museum of Art introduce children to the world of art. Read more.

Operations Bulletin

Frequently Asked Question: Consolidating With an Ineligible Loan
USA Funds’ policy staff provides guidance regarding whether a borrower with one “ineligible” Federal Stafford loan and other “eligible” loans is eligible for a Federal Consolidation loan. Read more.

November-2006 Integrated Common Manual Available
The November-2006 Integrated Common Manual is available on the USA Funds Web site. View and print the Integrated Common Manual, including the summary of changes approved Nov. 28, 2006, by the Common Manual Governing Board. You’ll need Adobe Acrobat Reader to view the documents.

Common Manual Policy Committee Notes Correction
The Common Manual Policy Committee noted an error in the October-2006 publication of the annual Common Manual. The error is in Figure 13-1, which outlines information to be provided on the Claim Form. Special Common Bulletin batch 127, proposals 850 and 851 describes the error and provides the corrected Figure 13-1.