Washington Report

House Panel Votes to End FFELP Loans
A U.S. House committee has voted to end the issuance of new Federal Family Education Loan Program loans effective next July 1. Read more.

Expanding the Value of Guarantor Services
As the U.S. Congress considers student loan reform legislation, the nation’s guarantors, including USA Funds^®, are proposing to expand the services they deliver to assist borrowers in the William D. Ford Direct Loan Program. Read more.

USA Funds Update

Event Raises More Than $150,000 Toward Latino Student Scholarships
Leaders from Indiana community, governmental, educational and social organizations came together in Indianapolis on June 18 for a USA Funds-sponsored event aimed at raising funds for scholarships to support Indiana Latino students. Read more.

USA Funds-Sponsored Scholarship to Help Indiana Man Complete Master’s Degree Work
An Indianapolis man who is pursuing a master’s degree after losing his job is getting help from a USA Funds-sponsored scholarship. Read more.

USA Funds Supports NCHELP, Common Manual Committees for 2009-2010
USA Funds staff members continue their involvement in the student loan community during 2009-2010. Read more.

Operations Bulletin

Policy Frequently Asked Question: Requesting PLUS Loan Post-Enrollment Deferment
USA Funds’ policy experts provide guidance regarding whether a parent-borrower can request post-enrollment deferment on a parent PLUS loan even if the parent did not request in-school deferment. Read more.

Special Allowance Rates Announced for Quarter Ending June 30, 2009
The U.S. Department of Education has published Special Allowance Rates for the quarter ending June 30, 2009. You will need Adobe Reader to view and print the latest rates.