USA Funds Update

USA Funds Awards $315,000 in Scholarships to High-School Seniors
USA Funds^® announces the award of $315,000 in scholarships to 210 graduating high-school seniors in 11 states and the District of Columbia. Read more.

USA Funds Staff Profile: Gaining Perspective From Varied Projects, Positions
Auditor Doug Schmidt’s career includes experience in a variety of accounting and auditing positions and with many different business units. He draws on those experiences when conducting audits of USA Funds, its affiliate Northwest Education Loan Association^®, and their guarantor-servicer. Learn more.

USA Funds Lists Top-100 Lenders
USA Funds lists the top-100 lenders of USA Funds-guaranteed loans for April. Check the list.

Operations Bulletin

Variable Rates on Stafford, PLUS Loans to Increase Slightly
Variable interest rates on Federal Stafford and PLUS loans issued prior to July 1, 2006, will rise slightly, effective July 1.  Read more.

USA Funds’ Access to NSLDS Restored, With One Exception
USA Funds advises customers that its access to the National Student Loan Data System was restored effective May 22, with one exception. Read more.

New Partial-Discharge Form Issued for Consolidation Loans
The National Council of Higher Education Loan Programs recently developed a new version of a form for use in filing a Consolidation-loan claim or discharge request when the discharge reason applies to only some of the underlying loans in the consolidation loan. Learn more.

Debt-Management Perspectives

USA Funds Debt Manager Helps Jackson State University Lower Default Rate
Jackson State University achieved a 60-percent reduction in its cohort-default rate in the last year, with the help of USA Funds Debt Manager. Read more.