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Recent News

Home of Williams & Fudge, Inc
The "Old Cotton Factory" was built in 1880 and recently renovated.
/aboutus/cotton_mill.html

Cohort Default Rate Orange Book
The Federal Perkins Loan Program Cohort Default Rates for 2008 were posted on May 1, 2009 by the Department of Education
http://www.ifap.ed.gov/perkinscdrguide/0708PerkinsCDR.html

New Regulation For Title IV Program
The Federal Register for Federal Perkins, FFEL, and Federal Direct Student Loan Programs was released on October 29, 2009. Contains all finalamended regulations resulting from Negotiated Rule-Making.
http://www.ifap.ed.gov/fregisters/attachments/FR102909FFELPerkinsDirectLoanFinal.pdf

FISAP Instructions for 2007-2008
Department of Education releases instructions for the Fiscal Operation Report
http://www.ifap.ed.gov/dpcletters/0625CB0809.html

2008-2009 Funding Levels
The Department of Education's provides funding levels for the next academic year.
http://www.ifap.ed.gov/dpcletters/CB0803.html

Assignment Procedures For Perkins
Both the required form and the step by step procedures to assign defaulted Perkins/NDSL to the Department of Education is provided in this link
http://ifap.ed.gov/dpcletters/cb0312.html

Timely Completion of LVC'S
Department of Education defines what constitutes timely completion of Loan Verification Certificates (LVC)
http://www.ifap.ed.gov/dpcletters/FP0402.html

Total & Permanent Disability
Department of Education explains the procedures forTotal and Permanent Disability Discharge (CB-02-08)
http://ifap.ed.gov/dpcletters/CB0208.html

Higher Education Opportunity Act
The Higher Education Opportunity Act was passed and enacted by Congress on August 14, 2008. These provisions may be viewed at:
http://www.ifap.ed.gov/dpcletters/GEN0812FP0810.html

National Certification
Williams & Fudge, Inc. was the first agency in the nation to become an ACA International Certified Collection Agency.
/news/release1.html

New Federal Perkins MPN Notes
Federal Perkins Master Promissory Note Template is available for comment (April 2009)
http://www.ifap.ed.gov/fregisters/FR04092009.html

Federal Reserve NPRM
The Federal Reserve has issued a Notice Of Proposed Rule-Making that deals with Private Student Loans issues that are contained within the Higher Education Opportunity Act. Comment deadline is May 26, 2009
http://edocket.access.gpo.gov/2009/pdf/E9-5561.pdf

Perkins Assignment Form
Department of Education releases new Perkins Assignment Form for comments (April 2009)
http://edicsweb.ed.gov/browse/browsecoll.cfm?pkg_serial_num=4009

Single Holder Rule Appealed
Single Loan Holder Rule repealed for loan consolidations processed after June 15, 2006
http://www.ifap.ed.gov/dpcletters/GEN0612.html