Are you having difficulty finding useful debt management education that doesn’t also promote a lender’s loan program? That’s what we’ve heard from many schools, and to remedy the situation, T.H.E. has developed “Smart Choices,” a financial literacy series. With “Smart Choices,” you can provide your students with resources for better debt management that are lender-neutral, educational and interactive.

Lender-Neutral

All materials in the “Smart Choices” series have been reviewed to make sure the content is:

• Educational: Strictly for the purpose of giving students practical information about their financial choices so they can make the best decision for their own situation.
• Unbiased: We are not selling T.H.E. or its products, directly or indirectly, in any materials bearing the lender-neutral stamp.
• Safe from scrutiny: This stamp offers a sense of security for you and your staff, that you are not influencing student choices with lender “marketing.”

Some of you contacted us to ask why we are no longer featured in the Greentree Gazette’s Student Loan Buying Guide. One of the reasons is because listing is no longer free and we believe that as a nonprofit, we need to be fiscally responsible in all aspects of our business. We also feel that students don’t use Greentree Gazette as a resource. We will keep you informed through other means on all T.H.E. developments.

T.H.E.’s offices will be closed in observance of the following holidays:

• Nov. 22 and Nov. 23 — Thanksgiving
• Dec. 24 and Dec. 25 — Christmas
• Dec. 31 — New Year’s Eve

From October 1 to December 31, 2007, T.H.E.’s three-month LIBOR index is 5.52%.

Our private loan rates are based on a spread of LIBOR rates plus an additional amount (defined in the borrower’s Truth-in-Lending Disclosure), according to the discipline of study. The interest rates for private loans are posted on our web site within the Rates/Savings section and are updated each quarter to reflect the current interest rate.

Pending loans with first disbursements October 1 or later

With the College Cost Reduction and Access Act going into effect in October, please consider moving up the first disbursement date for new loans to occur before October 1, 2007. By doing this, students will qualify for more generous benefits, possibly saving them hundreds to thousands of dollars. Any loans that are disbursed after October 1, 2007, will be subject to the changes created under the College Cost Reduction and Access Act.

Consolidation loans

Due to recent legislation, please be advised that terms and conditions on new consolidation loans are also about to change. We will not be able to offer the same benefits as we have in the past on consolidation loans that are funded on or after October 1, 2007.