USA Funds Update
USA Funds Supports More Than $20 Billion in Loans for Higher Education
USA Funds® reports that it supported a record of more than $20 billion in loans to help students and parents pay higher-education expenses during the fiscal year ending Sept. 30. Read the announcement.
Register for USA Funds Lender Forum in Baltimore
A USA Funds Education-Lender Forum is set for Baltimore on Oct. 20. The lender forum alerts lender-customers of the latest developments in the ever-changing education-finance marketplace. Learn more and register online.
Entrepreneurs Share Triumphs and Tests at USA Funds-Sponsored Breakfast Series
USA Funds is sponsoring the 2005 Business Breakfast Series presented by the Youth Entrepreneurs of Kansas. The series supports initiatives that provide high-school students with business and entrepreneurial education and experiences. Learn more.
USA Funds Will Continue to Offer Four-Ply MPNs
Although USA Funds guarantor-servicer, Sallie Mae, is discontinuing four-ply, impact-printed Stafford-loan and PLUS-loan Master Promissory Notes, USA Funds customers will be able to order four-ply laser-printed MPNs. Learn more.
Tech Talk
Student-Loan-Counseling Results Available Through OpenNet
Financial-aid administrators soon will have access to their student-loan-counseling-results reports directly through the OpenNet loan-delivery system. Learn more about the enhancement that is effective Oct. 24.
OpenNet to Offer Updates to Lender-Update Access, View Change Explanations
New features in the OpenNet loan-delivery system will offer enhancements for USA Funds lender-customers. Read more.
Access to Education
Fact Sheet Highlights Latinos in Higher Education in California
To inform public-policy discussions regarding the participation of Latinos in higher education in California, USA Funds has underwritten a fact sheet that provides key statistics on the subject. Read more.
Debt-Management Perspectives
Schools Share Best Practices, Discuss Enhancements for USA Funds Debt Manager
Financial-aid professionals recently gathered to share best practices for using USA Funds Debt ManagerSM, and to learn more about USA Funds’ plans for the Web-based tool that promotes successful repayment. Learn more.
Operations Bulletin
Department Issues Clarification Regarding Loan Funds Delivered After Student’s Death
The U.S. Department of Education recently clarified its position on loan funds delivered after the date of death of a Federal Stafford-loan borrower or the student for whom a Federal PLUS loan was obtained. Learn more.