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May 23, 2006

 

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Debt-Management Perspectives

Enhancements to USA Funds Debt Manager Curb Loan Defaults
Recent enhancements to USA Funds® Debt Manager® make it an even more effective tool in preventing student-loan defaults. Read more.

Kim BrownUSA Funds Default-Prevention Council Member Profile: Kim Brown
Midwestern University’s Kim Brown, who chairs the USA Funds Default-Prevention Council, believes that early financial-literacy training that continues throughout a student’s education career is a key debt-management tool. Learn more.

Access to Education

Mississippi Mandate USA Funds-Sponsored Report Explores Benefits of Enhancing Education Access in Mississippi
New research indicates that, by enhancing access to education, Mississippi could reduce social-welfare costs and improve its economy and overall quality of life for those living in the state.
Read more.

USA Funds Update

Hoosier HeroesIndiana Students and Their Heroes Honored in USA Funds-Sponsored Program
A USA Funds grant helped fund postsecondary-school scholarships honoring 10 Indiana high-school students and their heroes.
Learn more.

USA Funds University Offers Professional-Judgment in Cases of Change in Income
To assist financial-aid administrators in considering and adjustments to students’ financial-aid awards based on changes in income, USA Funds University offers scenarios in which students might report income changes. Read more.

Washington Report

House Passes Budget Resolution With Promise of More Education Funding
The U.S. House of Representatives has approved a fiscal-2007 budget resolution with the promise of greater funding for education than the Bush administration originally proposed. Read more.

Operations Bulletin

Policy Frequently Asked Question: Loan Eligibility for Borrowers With Loans in Conditional Discharge Due to Total-and-Permanent Disability
USA Funds’ policy experts address whether borrowers are eligible for additional Federal Family Education Loan Program loans if the borrowers have loans in a conditional-discharge period due to a total-and-permanent disability. Read more.

New System to Speed Process for AmeriCorps Forbearances
The Corporation for National & Community Service issued a letter that provides details about its automated loan-payment system, scheduled to be available in late summer. Among the system’s benefits will be a quicker forbearance-certification process for borrowers in AmeriCorps programs. The system will permit those borrowers to request forbearances on their education loans online as soon as they become members.