Washington Report

Federal Budget Detail: New FFELP Loans Cost Taxpayers Nothing
The Obama administration has released details of its fiscal 2010 budget proposals, which include a proposal to eliminate the Federal Family Education Loan Program in favor of direct loans beginning July 1, 2010. The budget details project that new FFELP loans issued this year will cost taxpayers nothing. Read more.

Debt-Management Perspectives

USA Funds Offers ‘Final Exam’ for Student Loan Borrowers
As members of the Class of 2009 leave college campuses, USA Funds^® offers a “final exam” to help your borrowers check their preparedness to handle the student loan payments they will have to begin making in the coming months. Read more.

Use USA Funds Life Skills to Help Adult Learners Manage Their Return to School
Carole Ann Simpson, a USA Funds debt management consultant, shows how USA Funds Life Skills^® can help your adult students adjust their spending habits and standard of living when they return to school. Read more.

USA Funds Update

Summer Webcasts Offer Financial Aid Basics
USA Funds University’s summer webcasts provide a basic understanding of the fundamentals of student financial aid. Learn more.

Tech Talk

USA Funds Loan Counselor How-To: Running Counseling Reports
With exit counseling activities still in full swing, USA Funds reminds you that USA Funds Loan Counselor^® offers the ability to run reports identifying borrowers who have begun but not yet completed counseling. Read more.

Operations Bulletin

Department Issues Additional Professional Judgment Information
The U.S. Department of Education has issued additional guidance regarding financial aid administrators’ use of professional judgment during these challenging economic times. Read more.

NCHELP and SLSA Address Changes to Economic Hardship Deferment Eligibility
The National Council of Higher Education Loan Programs and Student Loan Servicing Alliance developed a document that contains background information and a series of questions and answers to assist in the transition to new rules related to economic hardship deferment. Learn more.