From pgandy at ogslp.org Wed Aug 1 10:40:59 2001 From: pgandy at ogslp.org (Gandy, Penny) Date: Tue Mar 23 20:17:14 2004 Subject: [Lender] PLUS Statement of Adverse Credit Check Denial Packets Message-ID: <67B1776185FFD311926100805FC11F9D0107D8BB@handel.ogslp.org> About two months ago, OGSLP changed the process for sending the PLUS Statements of Adverse Credit and the actual credit check report from sending it through the US Postal Service to sending it via fax. The main reason for the change was the amount of time it took for the information to get from OGSLP to the lender, although not very long it created some potential problems. One such problem being that an Unsub loan could be certified by the school not knowing that the lender was in the process of overriding the adverse credit for approval of the PLUS loan. However, since this process was implemented we have had a few lenders request to only receive their adverse credit packets by US Postal Service. Our standard process will be changed back to mailing the packets through the US Postal Service, unless you let us know you would prefer to receive your packet information via fax. In the case where you select to receive your packets via fax, they will not be sent via the postal service. Please reply to me directly with your preference. If you are not the person who handles this issue in your office and know that they are not subscribed to this listserv, please forward this e-mail to them for their response. If you have any questions, please call. Thanks! From pgandy at ogslp.org Wed Aug 1 11:57:35 2001 From: pgandy at ogslp.org (Gandy, Penny) Date: Tue Mar 23 20:17:14 2004 Subject: [Lender] PLUS Statement of Adverse Credit Check Denial Packets (contact in fo) Message-ID: <67B1776185FFD311926100805FC11F9D0107D8C0@handel.ogslp.org> The contact information for me did not come across with the first e-mail. So, here it is... Penny Gandy, Loan Services Manager Oklahoma Guaranteed Student Loan Program PO Box 3000 Oklahoma City, OK 73101-3000 Direct Line (405)234-4364 Fax (405)234-4553 e-mail: pgandy@ogslp.org From redington at ogslp.org Wed Aug 8 16:46:58 2001 From: redington at ogslp.org (Edington, Rick) Date: Tue Mar 23 20:17:14 2004 Subject: [Lender] 2003 Interest Rate Measure Introduced Message-ID: <67B1776185FFD311926100805FC11F9D0127BF6E@handel.ogslp.org> Congressman Howard "Buck" McKeon, R-Calif., has introduced H.R. 2781- Access to Student Loans Act . The Act is designed to fix the 2003 student loan interest rate problem by providing for a ten-year extension of the current provisions for calculation of interest rates and lender returns. The current methodology, created by a bi-partisan solution on July 1, 1998, by Rep. Kildee (D-MI) and Rep. McKeon (R-CA), allows for calculation of student interest rates based on the 91-Day T-bill rate plus 1.74% for in-school periods and 2.34% respectively. Lender rates are based on the 90-day Commercial Paper rate plus 1.74% for in-school periods and 2.34% for repayment periods. Higher Education Associations have praised this method for resulting in continued lender access and the lowest borrower interest rates in the history of the program. The methodology currently set to be implemented in July 2003, would entail a calculation based on "securities of a comparable maturity plus one percent." Lenders have argued strongly that returns from this method would not be sufficient to secure financing for FFELP loans. This makes support for HR 2781 or any comparable legislation vitally important to the health and longevity of our program! At our last OLAC meeting, we discussed the need to write to our congressional representatives encouraging them to support any measures designed to fix the 2003 interest rate issue. I have had a couple of volunteers to help draft such a letter. This new measure creates an even better opportunity to ask for support of something tangible, HR 2781. Please let me know if you are interested in participating in a short term OLAC workgroup to draft the letter. Thanks! Rick ****************************************************** Rick Edington, Associate Director Oklahoma Guaranteed Student Loan Program Claims, Lender & Accounting Services redington@ogslp.org (800) 247-0420; (405) 234-4333 Fax: (405) 234-4391 ****************************************************** From ClientRelations at ogslp.org Thu Aug 9 11:37:01 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:14 2004 Subject: [Lender] Oklahoma's Second LEGAL ISSUES IN HIGHER EDUCATION Conference Message-ID: <67B1776185FFD311926100805FC11F9DF79D87@handel.ogslp.org> Plans are underway for Oklahoma's second LEGAL ISSUES IN HIGHER EDUCATION Conference, sponsored by the Oklahoma State Regents for Higher Education, and Oklahoma Independent Colleges & Universities. Mark your calendar for October 3-4, 2001 at the Memorial Union on the OU Campus in Norman! A link to the conference web site is enclosed. You can register on-line, or print out the attached PDF file (Adobe Acrobat) for a copy of the brochure. Last year's conference attendance far exceed the planning committee's expectations (and the building's capacity!) so we are limiting enrollment to 350. An "early bird" rate of $100/person is available for those who register by September 7. After that date, the registration fee is $125. All registration forms are due by September 21, and a waiting list will be created once we reach 350. We hope to see you there! WEB SITE: <<2001 brochure.pdf>> -------------- next part -------------- A non-text attachment was scrubbed... Name: 2001 brochure.pdf Type: application/octet-stream Size: 437294 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010809/80b350e3/2001brochure.obj From ClientRelations at ogslp.org Thu Aug 16 13:20:30 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Student Fraud Poster Message-ID: <67B1776185FFD311926100805FC11F9D010648A2@handel.ogslp.org> We are in the process of mailing out the Fraud Poster to the counselors at all Oklahoma High Schools. Along with the poster, they will receive a letter instructing them to contact a member of OLAC if they require additional posters or fliers and a listing of the OLAC membership. Attached are the .pdf files for the fraud poster and the fraud flier. Client Relations OGSLP PO Box 3000 Oklahoma City, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 -------------- next part -------------- A non-text attachment was scrubbed... Name: FINANCIA.PDF Type: application/pdf Size: 353349 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010816/16d4f6f8/FINANCIA.pdf -------------- next part -------------- A non-text attachment was scrubbed... Name: Final Fraud Flier.doc Type: application/msword Size: 122368 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010816/16d4f6f8/FinalFraudFlier.doc From ClientRelations at ogslp.org Thu Aug 16 13:28:21 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Fraud poster Message-ID: <67B1776185FFD311926100805FC11F9D010648A5@handel.ogslp.org> For those of you who are having difficulty opening the fraud poster, we will be re-sending that file. Thank you for your patience. Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org From ClientRelations at ogslp.org Fri Aug 17 10:12:54 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Child Care Loan Forgiveness Program- September Deadline! Message-ID: <67B1776185FFD311926100805FC11F9D0127C005@handel.ogslp.org> Attached is important information about a new demonstration loan forgiveness program. If you have additional questions, please contact Client Relations at (405) 234-4329 or (800) 247-0420. <> Oklahoma Guaranteed Student Loan Program Client Relations Department (405) 234-4329 or (800) 247-0420 e-mail: clientrelations@ogslp.org -------------- next part -------------- A non-text attachment was scrubbed... Name: childcareforg.doc Type: application/msword Size: 29184 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010817/6969a7f2/childcareforg.doc From ClientRelations at ogslp.org Fri Aug 17 10:47:54 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Experian Outage Message-ID: <67B1776185FFD311926100805FC11F9D010648B0@handel.ogslp.org> Experian has not completed all of the PLUS Credit Check "batches" that were sent last night. This will hold up getting credit decisions posted to the database for some borrowers. We will keep you updated as progress is made. If you have any questions or concerns please contract OGSLP Client Relations at (405)234-4329 or (800)247-042. Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org From ClientRelations at ogslp.org Mon Aug 20 09:56:24 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Experian update Message-ID: <67B1776185FFD311926100805FC11F9D010648BE@handel.ogslp.org> The Experian outage we had previously reported has now been corrected. You should have received all of the backlog of credit decisions. These should have finished processing on Friday 8/17/01. We apologize for any inconvenience this may have caused. If you have any questions or concerns please contract OGSLP Client Relations at (405)234-4329 or (800)247-042. Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org From ClientRelations at ogslp.org Mon Aug 20 12:56:08 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Fraud Poster and Fraud Flyer Message-ID: <67B1776185FFD311926100805FC11F9D010648C0@handel.ogslp.org> Due to file size and font restrictions, we will not be sending the Fraud Poster and Fraud Flyer PDF files to the list serv. Instead, we will provide all OLAC members with a copy of both files on CD/ROM in a PDF format. We apologize for the delay and thank you for you patience. As always, if you have any questions or need assistance, feel free to contact OGSLP Client Relations at (405)234-4329 or (800)247-0420. Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org From redington at ogslp.org Tue Aug 21 09:23:16 2001 From: redington at ogslp.org (Edington, Rick) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Final 2003 Interest Rate Congressional Letter Message-ID: <67B1776185FFD311926100805FC11F9D0127C03A@handel.ogslp.org> As a follow-up to our last OLAC meeting, attached is the final 2003 interest rate fix letter that will be sent to all of our Oklahoma Congressional Delegation at both their district and D.C. offices. If your institution is planning on sending their own letters as well, feel free to use this as a model. The workgroup that drafted the letter included Sandra Welch, Janet Dehnert, Bruce Webber, Ron Hancock and myself. Thanks to them all for their help, insight and comments! Rick <> ****************************************************** Rick Edington, Associate Director Oklahoma Guaranteed Student Loan Program Claims, Lender & Accounting Services redington@ogslp.org (800) 247-0420; (405) 234-4333 Fax: (405) 234-4391 ****************************************************** -------------- next part -------------- A non-text attachment was scrubbed... Name: olac2003intrcongr4.doc Type: application/msword Size: 23040 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010821/ac49e5ad/olac2003intrcongr4.doc From ClientRelations at ogslp.org Wed Aug 22 13:44:15 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] fraud poster Message-ID: <67B1776185FFD311926100805FC11F9D010648D0@handel.ogslp.org> The Fraud posters have now been mailed to the counselors at all Oklahoma High Schools. For information purposes, we are providing you with copies of the letter to counselors and the OLAC member list that were sent with the posters. As mentioned in a previous e-mail, we will be sending each member on the OLAC list a CD/ROM with both the Fraud poster and flyer in PDF format. If you have any questions, please contact OGSLP Client Relations at (405)234-4329 or (800)247-0420 or e-mail us at "clientrelations@ogslp.org". <> <> Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org -------------- next part -------------- A non-text attachment was scrubbed... Name: olacounselrfraud.doc Type: application/msword Size: 22016 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010822/a2f24c52/olacounselrfraud.doc -------------- next part -------------- A non-text attachment was scrubbed... Name: counselor list olac members 2001.xls Type: application/vnd.ms-excel Size: 19968 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010822/a2f24c52/counselorlistolacmembers2001.xls From ClientRelations at ogslp.org Fri Aug 24 11:46:24 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:15 2004 Subject: [Lender] Fraud Poster Message-ID: <67B1776185FFD311926100805FC11F9D010648E4@handel.ogslp.org> Just for your information: We have had a inquiry as to the weight of the paper used on the original Fraud Posters mailed to high school counselors. Some of you would like to use equal quality paper when re-printing these as requested. The paper used was a 60 lb. 11" x 17" paper. If you have any questions, please contact OGSLP Client Relations at (405)234-4329 or (800)247-0420. Thank you. Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4329 or (800)247-0420 fax: (405)234-4459 email: clientrelations@ogslp.org From ClientRelations at ogslp.org Wed Aug 29 13:57:14 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:16 2004 Subject: [Lender] Update on Child Care Provider Loan Forgiveness Program Message-ID: <67B1776185FFD311926100805FC11F9D010648F9@handel.ogslp.org> OGSLP has received additional information from NCHELP regarding the Child Care Provider Loan Forgiveness Program. Listed below is the information as we received it. Although, this may be more information than you will ever need or want to read, we know it will be useful if you have borrowers who are involved in the application process. Here goes. Additional information from NCHELP: "The Forms Subcommittee of the NCHELP Program Operations Committee has been involved in the development of the application and forbearance forms that will be utilized in the administration of the Child Care Provider Loan Forgiveness Program. As a result of this involvement, the Forms Subcommittee has received information from the Department as to the process by which the Department intends to grant forgiveness to eligible borrowers. The Forms Subcommittee is sharing this information with the FFELP community at this time so that lenders, servicers, and guarantors are aware of how the Department intends to administer this program and can prepare for implementation. Attached is an article summarizing the forgiveness process flow. Also attached are the following documents: (1) ED's diagram of the process flow (2 attachments), (2) DUNS form, (3) DUNS form instructions, (4) Loan Certification form, (5) Loan Certification form instructions, and (6) Loan holder follow-up letter. The purpose of each of these documents is explained in the summary article." <> <> <> <> <> <> <> <> Special Note: In an effort to help identify potentially qualified borrower's, OGSLP contacted a representative from DHS and provided them with information regarding this program. They have since forwarded this information on to their child care resource and referral network and other programs in an effort to further identify potentially qualified applicants. Their overall conclusion is that there will be relatively few Oklahoma students who qualify. If you have any questions, please contact OGSLP Client Relations at (405) 234-4329 or (800) 247-0420. 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