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March 31, 2009

 

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Washington Report

House Votes for One-Year Delay of PLUS Loan Auction
The U.S. House has approved legislation delaying an auction of parent PLUS loans for one year. Read more.

Congress to Consider Budget Resolutions With Implications for Student Loan Programs
The U.S. Congress this week is scheduled to consider fiscal 2010 budget resolutions that could have implications for the shape of federal student loan programs. Read more.

Thousands Sign Online Petition in Support of Student Loan Program Choice
Thousands of students, parents, financial aid professionals and other concerned citizens have signed an online petition urging that the U.S. Congress preserve a choice of student loan options. Learn more.

Debt-Management Perspectives

Sallie Mae: FFELP Model Produces Lower Default Rates
A report issued by Sallie Mae discloses that the structure of the Federal Family Education Loan Program results in superior default prevention success compared with the model used in the direct loan program. Read more.

USA Funds Update

USA Funds University USA Funds University Webcast Series Target Various Audiences and Topics
USA Funds® University offers several upcoming series of webcasts that target various audiences and focus on financial aid fundamentals, business skills, education lending, and debt management strategies. Learn more.

Learning Communities Initiative Conference Conference Focuses on Continued Support for Education Access
More than 20 representatives from five Learning Communities gathered at USA Funds’ headquarters in Indianapolis March 18-20 for the third annual Learning Communities Initiative Conference. Read more.

Operations Bulletin

Negotiated Rulemaking Updates Posted
With the first round of negotiated rulemaking regarding the Higher Education Opportunity Act complete and the second round under way, the U.S. Department of Education has posted the first drafts of proposed regulatory language from groups including the Loans — Lender/General Loan Issues team and the Loans — School-Based Loan Issues team. You will need Adobe Reader to access the PDF versions of these documents.