USA Funds Update

Program Describes USA Funds-Sallie Mae Relationship and Benefits to Customers
A new presentation, “USA Funds^®: Past, Present, Future,” available from the USA Funds Web site, retraces USA Funds’ organizational history and its relationship with Sallie Mae. Learn more.

USA Funds Continues Support for Indiana Black Expo Educational Events
Since 2002 USA Funds has awarded $200,000 to support two Indiana Black Expo educational initiatives for youth — the annual youth summit and back-to-school rallies. Read more.

USA Funds Staff Profile: Helping Schools, Lenders, Collection Agencies Stay in Compliance
USA Funds Compliance Specialist Karen Reese travels to schools and lending institutions to review their Federal Family Education Loan Program activities. Read more.

Washington Report

Senate Panel Approves Funding Bill With No Increase in Maximum Pell Grant
The U.S. Senate Appropriations Committee has approved a fiscal-2007 spending bill that offers no increase in the maximum Pell-Grant award. Read more.

Operations Bulletin

Department Endorses New Credit-Bureau-Reporting Codes
The U.S. Department of Education recently accepted recommendations to adopt new credit-bureau-reporting recommendations for Federal PLUS-loan death claims and total-and-permanent-disability claims. Read more.

June-2006 Integrated Common Manual Available
The June-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 June 15, 2006, by the Common Manual Governing Board. You will need Adobe Acrobat Reader to access these documents.