August 2008

Private loans available

We’ve been fully processing and funding program-specific private applications for a few months now. Those applications include:

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Private loan applicants applying with a cosigner

T.H.E. is excited to let you know of a few upcoming enhancements. Students applying online with their cosigner present during their online session will be able to obtain an instant credit decision for their cosigner. A Cosigner Addendum may then be printed so the cosigner may sign the document and send it in along with their income verification documentation.

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Borrower Education Section of T.H.E.’s Web Site Bulks Up

There are some updates within the Borrower Education section of T.H.E.’s web site.

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Entrance handbook updated with recent changes

Looking for the most up-to-date entrance counseling information? Designed to comply with new federal requirements on entrance presentations, which went into effect July 1, 2008, our Entrance Handbook and presentation covers:

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Loan funding update

ED has stated that they will begin accepting participation agreements from “sponsors” (Lenders like T.H.E.) this week. They are also announcing eligible “Custodians” this week so we will begin looking at proposals for those services.

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Our mailing address has changed

We moved! Our new address is:

444 Cedar St.

Suite 800

St. Paul, MN 55101

Please make a note of this change, and let the rest of your office know. The post office will no longer forward mail sent to our old address as of September 1.

Reminder: our homepage has moved

We recently changed our home page from www.northstar.org to www.theloanprogram.org. Please update any bookmarks you may have saved. We also ask that you be patient during any redirects.