<br><font size=2 face="sans-serif">COBO Officers:</font>
<br>
<br><font size=2 face="sans-serif">You probably have all received this,
but this is the concern I had at our last meeting regarding student loan
tightening up.</font>
<br>
<br><font size=2 face="sans-serif">Kind regards,<br>
<br>
(Please note a change in my email address to:<br>
skreidler@uco.edu)<br>
<br>
Steve Kreidler<br>
Executive Vice President<br>
University of Central Oklahoma<br>
100 N. University<br>
Edmond, OK 73034<br>
<br>
405.974.2251</font>
<br><font size=1 color=#800080 face="sans-serif">----- Forwarded by Steve
Kreidler/VPAdmin/UCO on 10/10/2008 08:46 AM -----</font>
<br>
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<td width=40%><font size=1 face="sans-serif"><b>mpope5@ucok.edu</b> </font>
<p><font size=1 face="sans-serif">10/10/2008 08:30 AM</font>
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<div align=center><font size=1 face="sans-serif">Please respond to<br>
mpope5@ucok.edu</font></div></table>
<br>
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<td>
<div align=right><font size=1 face="sans-serif">To</font></div>
<td><font size=1 face="sans-serif">"Sheila Fugett-McGill" <smcgill@ucok.edu>,
"Jay Corwin" <jcorwin@ucok.edu>, "Jerry Legere"
<jlegere@ucok.edu>, "Susan Wortham" <swortham1@ucok.edu>,
"Drew Duke" <dduke@ucok.edu>, "Charlene Gant"
<cgant@ucok.edu>, "Steve Kreidler" <skreidler@ucok.edu>,
"Kathryn Gage" <kgage@ucok.edu>, "Cynthia Rolfe"
<crolfe@ucok.edu>, "Anne Holzberlein" <aholzberlein@ucok.edu>,
"Dr Cheryl Steele" <csteele@ucok.edu>, "Bill Radke"
<wradke@ucok.edu></font>
<tr valign=top>
<td>
<div align=right><font size=1 face="sans-serif">cc</font></div>
<td>
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<td>
<div align=right><font size=1 face="sans-serif">Subject</font></div>
<td><font size=1 face="sans-serif">Fw: Signature Student Loan underwriting</font></table>
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<td></table>
<br></table>
<br>
<br>
<br><font size=3>And so it begins...</font>
<p><font size=3>Sent via BlackBerry by AT&T</font>
<p>
<hr><font size=3><b>From</b>: "Barry Feierstein" <SallieMae@mail.salliemae.com><b><br>
Date</b>: Thu, 9 Oct 2008 18:01:07 -0500<b><br>
To</b>: <mpope5@ucok.edu><b><br>
Subject</b>: Signature Student Loan underwriting</font>
<p>
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<tr>
<td bgcolor=#466cbc><a href="http://www.salliemae.com/?dtd_cell=1" target=_blank><img src=cid:_1_02B4FBD802B4F688004BB902862574DE alt="Sallie Mae -- Champions for Higher Education"></a>
<tr>
<td bgcolor=#8fa544><font size=3> </font></table>
<br>
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<td width=100%><font size=2 face="Arial"><br>
Dear Sallie Mae Customer: </font>
<p><font size=2 face="Arial">Because of the continuing turmoil and uncertainty
in the credit markets, Sallie Mae has made the difficult decision to tighten
the underwriting on all our private student loan products (Signature Student
Loan(R), MBA LOANS(R), LAWLOANS(R), Sallie Mae DENTALoans(R), Global Health
Education Loan), which will require applicants to meet higher credit standards.
We believe that this action will mean lower approval rates for these loans.</font>
<p><font size=2 face="Arial">We will continue to provide all FFELP loans
to every eligible student at every eligible school. In fact, there are
no changes to the availability and pricing of our Federal Stafford and
PLUS Loans.</font>
<p><font size=2 face="Arial">As a result, we continue to recommend that
your students</font>
<ul>
<li><font size=2 face="Arial">Take full advantage of Federal Stafford and
PLUS loans before applying for a private credit loan</font><font size=3>.</font>
<li><font size=2 face="Arial">Always apply with a creditworthy cosigner
who has excellent credit, when seeking a private student loan.</font></ul><font size=2 face="Arial">In
addition, the unprecedented credit markets require us to adjust our private
loan pricing. Your Sallie Mae Account Executive will contact you directly
with pricing change information later this month.</font>
<p><font size=2 face="Arial">These decisions were not easy to make, but
the current financial markets provide no other choice. When conditions
improve, we hope to relax our underwriting criteria and serve more students.
We will inform you of any changes as they occur.</font>
<p><font size=2 face="Arial">Until then, thank you for your business with
Sallie Mae and we apologize for any disruption that these changes may cause.</font>
<p><font size=2 face="Arial">Sincerely,</font>
<p><font size=2 face="Arial">Barry Feierstein<br>
Executive Vice President</font></table>
<br>
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<td bgcolor=#8fa544><font size=3> </font>
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<td bgcolor=white>
<table width=100%>
<tr>
<td width=100%><font size=1 face="Arial">LEGAL</font>
<p><a href=http://www.salliemae.com/about/privacy.html><font size=1 color=blue face="Arial"><u>Privacy</u></font></a><font size=3>
</font><font size=1 face="Arial">|</font><font size=3> </font><a href=http://www.salliemae.com/about/disclaimer.html><font size=1 color=blue face="Arial"><u>Terms
of Use</u></font></a>
<p><font size=1 color=#5f5f5f face="Arial">Sallie Mae and Champions for
Higher Education are registered service marks of Sallie Mae, Inc. SLM Corporation
and its subsidiaries, including Sallie Mae, Inc., are not sponsored by
or agencies of the United States of America. (c) 2008 Sallie Mae, Inc.
All rights reserved. </font></table>
<p><img src=cid:_1_0792AD9402B53E28004BB902862574DE></table>
<br>
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