rolls out HERA/Grad PLUS changes in TG Loans By Web™
The Higher Education Reconciliation Act (HERA) enacted changes to the student loan program, including expanding the PLUS loan program so that graduate students can take out PLUS loans. TG has implemented these changes in its online application software, TG Loans By Web™ (Loans By Web), and in its loan management tool, AdvanTG Web™. The AdvanTG Web implementation became effective on June 26, 2006. Effective September 16, borrowers using Loans By Web can request and complete a Grad PLUS loan. At the same time, schools that initiate the loan process can now direct students to Loan By Web to complete their Grad PLUS applications. Schools should also note that other HERA changes have been implemented in both Loans By Web and AdvanTG Web.
Student customers and schools that log in to Loans By Web or AdvanTG Web will find different features depending on how they use the software. Here is a short list of modifications. For a more complete list, refer to TG Online. (Select [For Schools | TG Loans By Web], and click the HERA Changes document in the left column.)
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