Monthly Memo

April 2010

In This Issue

1011 Notification List — Both Lists to be Distributed Weekly

The first 1011 Notification List will be distributed within the next couple of weeks. After that we will continue to run the 0911 list for distribution on Wednesdays, and will distribute the 1011 list on Thursdays. This will continue until the final 0910 list is distributed.

Final voucher for 0910 — Friday, May 14

Truth In Lending — How State Loans are Affected

The Nursing Student Loan is the only state loan administered by HEAB that is affected by the new federal Truth in Lending regulations. The other loans: Minority Teacher Loan, Teacher of the Visually Impaired Loan, and the Teacher Education Loan are not affected because they are 100% forgivable loans. The NSL is only 50% forgivable. If you are interested in meeting with me sometime during the WASFAA conference to determine appropriate procedures for implementing the new regulations and how they pertain to the NSL, please email me (connie.hutchison@wi.gov). Thank you.

Refunds are due NOW

Please be sure to get your refunds processed immediately! Please note that refund information goes to HEABmail@wisconsin.gov.

Notification List Processing

List for 0910 — Distributed Wednesday afternoons:

April 7, 14, 21, 28

May 5, 12, 19, 26

List for 1011 — Distributed Thursday afternoons:

May 6, 13, 20, 27

AES List

Thursday afternoons:

April 14

May 5, 12

Voucher Processing

Tuesdays and Fridays for files uploaded by noon.

April 2, 6, 9, 13, 16, 20, 23, 27, 30

May: 4, 7, 10, 14

Grants Updates — Committed and Spent

TG (W codes 06/28/09 ) Current This Time Last Year
Committed 137.05% 115.92%
Spent 93.18% 96.16%
WHEG-TRIBAL (W codes 06/16/09) Current This Time Last Year
Committed 132.66% 120.82%
Spent 97.21% 88.96%
WHEG-UW (W and Z coded 07/02/09) Current This Time Last Year
Committed 128.15% 131.56%
Spent 95.64% 99.13%
WHEG-WTC (W and Z coded 06/04/09) Current This Time Last Year
Committed 155.26% 169.82%

Spent
94.71% 99.55%

Upcoming Events

Scheduled HEAB Board Meetings: April 30, 2010 (if needed), August 6, 2010

WASFAA Spring Conference: April 21-23, 2010

Scheduled HEAB Training Dates: May 20, July 15

Please contact me by phone at (608) 264-6181 or by email at connie.hutchison@wi.gov if you have any questions, concerns or comments. Thank you!

Connie Hutchison
Executive Secretary



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