This fall brought sweeping changes to the student loan industry, yet many students don’t know that these changes will have a big impact on their loans. To help them understand what’s at stake and what steps they should take, T.H.E. has created a new lender-neutral presentation.

If you have students who are requesting additional federal loan funds for the 2007/2008 school year, T.H.E. reminds you of the option to simply increase the existing federal loan instead of having students apply for a new loan.

New federal addendas and plain language disclosures for federal loans are in place at T.H.E. If schools provide paper MPNs to students, they should ensure they include the most current documents. The Department of Education Dear Colleague Letter FP-08-02 provides the details and copies of the revised forms.

Join us for the most up-to-date student loan finance news from Jamie Wolfe, industry veteran and CFO of NorthStar, the provider of T.H.E. Loan Programs. Jamie will share the latest insights affecting the financing of student loans in light of the mortgage crunch and recent legislative updates.

January is the time when most lenders should have their 2008/2009 terms available. If you distributed an RFI or RFP in the last few months and received responses, check back with lenders and confirm the responses they gave. The issue is particularly timely this year because updated terms may be delayed due to market unrest.