May colleges accept the Default Prevention Grant recently awarded in April 2007?

Yes. It has been determined that since the grant process began before the college Codes of Conduct were signed, this grant is not subject to the Code and therefore may be accepted by the colleges.

Additional Information
Governor Spitzer Signs SLATE Law
SLATE Law

May lenders, servicers, and guarantors continue to contribute to Mapping-Your-Future?

Yes.


May colleges and their students continue to use Mapping-Your-Future?

Yes.


May lenders, servicers, and guarantors continue to contribute to ELM?

Yes.


May colleges continue to process through ELM?

Yes.


May colleges reimburse their employees for travel in connection with participating in HESC’s school advisory council meetings?

Yes.

The above questions and answers were prepared by HESC after discussions with the Office of the Attorney General.

Read the first set of Questions and Answers and HESC's Code of Conduct.

If you would like additional clarification please contact Lisa Simpson at 518-473-0842 or lsimpson@hesc.org or John Austin at 518-473-0810 or jaustin@hesc.org.

Date: May 23, 2007