From ClientRelations at ogslp.org Fri Jun 1 14:43:36 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Enhancement to Disbursement Service EFT Process Message-ID: <67B1776185FFD311926100805FC11F9D8F6064@HANDEL> Coming Soon - OGSLP makes exciting changes to its Disbursement Service EFT process! We've evolved from a paper-check business to a "paperless," or Electronic Funds Transfer (EFT) business. We're changing our business process to reflect this trend*. * OGSLP is pleased to announce that enhancements have been made to the set up process for EFT disbursements received through OGSLP's Disbursement Service. This means that as an EFT school, you will soon receive EFT disbursements from Sallie Mae Guarantee Services, on behalf of OGSLP, for all of the Disbursement Service lenders you use that do not require an EFT agreement prior to the first EFT disbursement. This is based on the loan programs you are currently setup for (Stafford only, PLUS only, or both), and it is regardless of guarantee type. * A benefit of this change for schools is that they will no longer need to collect approvals from most Disbursement Service lenders prior to receiving an EFT. However, some lenders do continue to require EFT contracts. In those instances, once we receive approval, we will continue the EFT set up process for those lenders. * Prior to making this change, we would like to know from our schools if there are any OGSLP Disbursement Service lenders from which you do not want to receive funds via EFT. Additionally, please advise us if you would like to add EFT to any of the loan program types for which you are currently receiving paper checks. Disbursement Service lenders, we would also like to know if you have any school exceptions for the EFT process. Clients with any of this necessary information should contact Penny Gandy at pgandy@ogslp.org or send via fax to (405)234-4459. Note: This is based on the loan programs that you are currently setup for (Stafford only, PLUS only, or both). In addition, if you request a check for any borrower that does not want EFT, you will continue to receive a check. As always, if you have questions, you should call an OGSLP Client Relations staff member at (800)247-0420 or (405)234-4329 or email at clientrelations@ogslp.org. From ClientRelations at ogslp.org Wed Jun 6 16:02:56 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] New Interest Rates Message-ID: <67B1776185FFD311926100805FC11F9D8B6FD6@handel.ogslp.org> Exciting news...regarding the new interest rates effective July 1, 2001! The U.S. Department of Education (DE) recently announced the new interest rates and they are much lower than in the past. This will be excellent news for student borrowers! Stafford rates - loan with first disbursement made on or after 7/1/98, for in-school, grace and deferment periods, the rate effective 7/1/01 is 5.39%. The rate for all other periods is 5.99%. PLUS rates - loan with first disbursement made on or after 7/1/98, the rate effective 7/1/01 is 6.79%. Below is a link to the announcement from DE regarding the interest rates including charts outlining the interest rates for other borrowing periods. If you have any questions, please contact OGSLP's Client Relations Department. Thank you. http://www.ifap.ed.gov/ffelvarrates/07012001VariRate.html Client Relations OGSLP (405) 234-4329 or 1-800-247-0420 Fax - (405) 234-4459 clientrelations@ogslp.org From ClientRelations at ogslp.org Thu Jun 7 11:57:45 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Correction to Common Manual Update (CM-53) Message-ID: <67B1776185FFD311926100805FC11F9D8B6FEC@handel.ogslp.org> OGSLP was notified by the Common Manual Governing Board of another change to be made to Common Manual Update (CM-53). This error is in addition to the omissions we had previously notified you on May 21, 2001. Listed below are the corrections and attached is the revised update (CM-53) for your reference (see attached PDF file). This corrected update has also been posted to OGSLP's web site. If you have any questions, please contact Client Relations. Thank you. Corrections to CM-53: Economic Hardship Deferment The second to the last sentence currently reads as follows: "...Any retroactive period of economic hardship granted under this revised policy must include July 1, 2000, or a later date...." The date should be corrected to reflect a July 1, 2001 date. Therefore, it should read as follows: "...must include July 1, 2001, or a later date." <> Client Relations OGSLP (405) 234-4329 or 1-800-247-0420 Fax - (405) 234-4459 clientrelations@ogslp.org -------------- next part -------------- A non-text attachment was scrubbed... Name: CM53_corrected2nd.pdf Type: application/octet-stream Size: 45596 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010607/426e9811/CM53_corrected2nd.obj From pgandy at ogslp.org Tue Jun 12 13:49:38 2001 From: pgandy at ogslp.org (Gandy, Penny) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Student Attending Foreign School Message-ID: <67B1776185FFD311926100805FC11F9D0107D6B6@handel.ogslp.org> OGSLP has received a request from a student that is attending a foreign institution and looking for a lender to process his loan. The school is Jagiellonian Univ Collegium Medicum in Poland. He has approached a couple of lenders but has been denied because he doesn't have prior loans with them. I checked NSLDS and he only had one loan in the past (1990) and it was cancelled, so he really doesn't have any prior loans. If you are interested in processing his loan, please let me know and I will give him each lender's name that responds. It is very expensive for him to call overseas and the time zones are difficult to work with. From ClientRelations at ogslp.org Thu Jun 21 15:10:02 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] PLUS Loan Application Extension Message-ID: <67B1776185FFD311926100805FC11F9D8B7052@handel.ogslp.org> The Department of Education (DE) has released a notice from the Office of Management and Budget (OMB), reflecting a 90- day extension of the existing PLUS application/note. The original expiration date of July, 2001 has been extended until October, 31, 2001. Therefore, lenders and schools should feel free to use the current application and endorser addendum until then. In addition to this extension, DE sent a "revised" PLUS application and addendum to OMB on June 6, 2001. This revised application/note is expected to be used following expiration of the current form and until the PLUS Master Promissory Note (MPN) is approved. The AdHoc Standardization Committee continues to wait on a response to the PLUS MPN package that was submitted to DE for approval last year. OGSLP will continue to provide you with updates regarding the revised PLUS application and any progress on the PLUS MPN project. If you have any questions, please contact the Client Relations Department. Client Relations OGSLP (405) 234-4329 or 1-800-247-0420 Fax - (405) 234-4459 clientrelations@ogslp.org From jstepp at ogslp.org Tue Jun 26 15:09:08 2001 From: jstepp at ogslp.org (Stepp, Janice) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Eagle II and NetWizard Summer Enhancements Message-ID: <67B1776185FFD311926100805FC11F9D01064765@handel.ogslp.org> <<...OLE_Obj...>> OGSLP Announces EAGLE II (tm) and NetWizard (tm) Enhancements for Summer! Upgraded Eagle II and NetWizard products incorporate new enhancements that will allow users to: * Simplify the setup of Electronic Funds Transfer (EFT) This new feature allows you to specify whether you want to receive EAGLE II EFT disbursements for all lenders or just select lenders. * Increase your school-certified loan amount on NetWizard NetWizard Guarantee Disbursement and Servicing Data (GDSD) will now allow you to increase a certified loan amount when the requested increase is within the borrower's requested loan amount. If you have questions or need assistance, you may contact OGSLP Client Relations at (405)234-4329 or (800)247-0420. Janice Stepp Client Relations OGSLP PO Box 3000 OKC, OK 73101-3000 (405)234-4353 or (800)247-0420 x353 fax: (405)234-4459 email: jstepp@ogslp.org From ClientRelations at ogslp.org Fri Jun 29 09:02:40 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Experian Outage Message-ID: <67B1776185FFD311926100805FC11F9D01064782@handel.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... 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Name: announcement.doc Type: application/msword Size: 39936 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010629/f1f0d4f6/announcement.doc From ClientRelations at ogslp.org Fri Jun 29 15:33:31 2001 From: ClientRelations at ogslp.org (Client Relations) Date: Tue Mar 23 20:17:13 2004 Subject: [Lender] Guarantee Waiver Re-Disclosure Message-ID: <67B1776185FFD311926100805FC11F9D0106478C@handel.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: disclosure.doc Type: application/msword Size: 40448 bytes Desc: not available Url : http://lists.onenet.net/pipermail/lender/attachments/20010629/0da2a689/disclosure.doc