CAPFAA Newsletter

  • Increase font size
  • Default font size
  • Decrease font size
Home General Articles
General Updates

General News & Updates



 

Letter from the Past President

E-mail Print

Hello to all my fellow CAPFAA colleagues.  I hope this finds you well.  I would like to start by thanking all the members who volunteered their time and efforts last year whether it was to serve on a committee or present a session at a training event.  Working with such a dedicated group, was such a joy!  I also want to thank all the directors, supervisors and decision makers who volunteer and/or allow their staff to lend their time and talents to CAPFAA.  I know how busy it is in your offices, yet, you take the time to give back to our profession.  As I am sure you have experienced, you gain so much more than you give.  You are all so appreciated in both what you do for the students we serve and the profession we have chosen.

Last Updated ( Friday, 16 July 2010 19:11 ) Read more...
 

Congressman Joe Courtney’s Address- Annual Business Meeting

E-mail Print

Joe Courtney (2nd Congressional District of Connecticut) served as the opening speaker at the CAPFAA Annual Business Meeting on June 2, 2010 at the Mountain Ridge event facility in Wallingford, CT. Congressman Courtney is a member of the House Education and Labor Committee as well as the Higher Education subcommittee.

Last Updated ( Friday, 16 July 2010 19:11 ) Read more...
 

Your Students’ Loans Were PUT Where? ~ What the PUT Program Means to You and Your Students

E-mail Print

Most of you have heard about your students’ loans being “PUT” to the Department of Education (ED), and some of you may even know what that means.  If you don’t fully understand what happens when students’ loans are PUT to ED, read on for a brief explanation.  Once you understand the why and where, then the discussion of what it means to you and your students will make more sense.

 

In 2008, many lenders were having difficulty accessing funds to continue lending student loans.  Since FFELP was the predominant source of student loans at that time, there was real concern that students and parents would not have access to funding for the coming school year.  The Ensuring Continued Access to Student Loans Act of 2008 (HR 5715) was signed into law to make sure funds would be available.  Better known as ECASLA, this law included an allowance for ED to purchase certain fully disbursed FFELP loans from lenders or loan holders.  This in turn provided much needed liquidity in the market. Lenders could take the money that they made from selling loans in their portfolio and provide funding for new loans.  These FFELP loans that were sold would then be serviced by one of five servicers identified by the Department of Education.

Last Updated ( Friday, 16 July 2010 19:11 ) Read more...
 

Policy and Procedure: Five Somewhat Easy Steps to Getting Started

E-mail Print

Although many offices have begun the process of creating a policy and procedure manual by selecting a format, this can prove to be very overwhelming.  Below are five steps to help remove the anxiety and stress over creating this federal mandated manual.

Last Updated ( Friday, 16 July 2010 19:11 ) Read more...