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<DIV><SPAN class=209082719-12052006><FONT face=Arial size=2>Just wanted to give
everyone an update that we've started transmitting 6-07 Stafford Loans for
guarantee & print this week. We let our 06-07 loans stack up so
students could get all the fee breaks possible, including those that didn't
start paying the O fee until 5/1/06. We think we'll be caught up on
transmitting our backlog by today. </FONT></SPAN></DIV>
<DIV><SPAN class=209082719-12052006><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=209082719-12052006><FONT face=Arial size=2>We had also been
holding PLUS certifications awaiting resolution of some of our software
issues on Grad PLUS. Since we're not able to certify Grad/PLUS until July
1 anyway, we've decided to stop holding these PLUS loans and get on
with processing them. </FONT></SPAN></DIV>
<DIV><SPAN class=209082719-12052006></SPAN> </DIV>
<DIV><SPAN class=209082719-12052006><FONT face=Arial size=2>We know you've had
some frustrated parents tell you that "OU doesn't have any record of my PLUS
Loan" because we hadn't loaded the cert requests to our system. We're
sorry about that. We also know that we've had some parents apply multiple
times for 06-07 PLUS because they think the original application didn't go
thru----we're going to check for duplicate applications during the certification
process. Anyway, you should start seeing PLUS certifications for 06-07
coming from us starting next week. </FONT></SPAN></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV align=left><FONT face=Arial size=2>
<P align=left><FONT face=Arial size=2>Pam McConahay</FONT> <BR><FONT face=Arial
size=2>Assoc. Dir., Compliance, Training & Lender Relations</FONT> <BR><FONT
face=Arial size=2>University of Oklahoma Financial Aid Services</FONT> <BR><FONT
face=Arial size=2>1000 Asp Avenue, Room 216 </FONT><FONT face=Arial
size=2>Norman OK 73019-4078</FONT><BR><FONT face=Arial size=2>(405)
325-4617 Fax (405) 325-7608</FONT> <BR><FONT face=Arial
size=2>pmcconahay@ou.edu </FONT></P>
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