Education Access Report Entire Site  

June 27, 2006
 

USA Funds Update

  

USA Funds Previews NASFAA-Conference Plans

  

USA Funds Updates Consumer Information to Reflect Loan-Program Changes

  

All Children’s Hospital Receives EduCat Mobile Classroom From USA Funds

 

Operations Bulletin

  

Reminder: Student-Loan-Program Changes Take Effect July 1

  

New Forms Reflect Upcoming Change in PLUS-Loan Provisions

  

Department Issues Guidance Regarding Implementation of HERA Provisions

  

Letter Notifies Foreign Schools of Changes Resulting from HERA

  

Department of Education Releases Guidance About Changes to FFELP Consolidation Program

 

Tech Talk

  

USA Funds Electronic Products, Services Comply With HERA Changes

 

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USA Funds Electronic Products, Services Comply With HERA Changes

As of June 26, 2006, all electronic products supported by USA Funds® are updated to comply with July 1 Federal Family Education Loan Program changes stemming from the Higher Education Reconciliation Act of 2005. Among the changes reflected in the updated electronic products are:

  • The authority for graduate and professional students to take out Federal PLUS loans.
  • A lower origination fee on Federal Stafford loans.
  • A required federal default fee on Federal Stafford and PLUS loans.

The electronic products and services included in the update are as follows:

  • Stafford Loan Guide.
  • MEDLOANS Online Loan Portfolio.
  • OpenNet Web Loan Delivery.
  • OpenNet File Management Service.
  • Guarantor-servicing system.
  • WhizKid.

To find out more about USA Funds electronic products and services and changes related to HERA provisions, contact your USA Funds Services representative.