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<DIV><SPAN class=959584222-19072006><FONT face=Arial>In Summer 05 and Summer 06,
we tried using the Hold part of Hold and Release for the first time. Man,
was that sweet. </FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>We asked all our loan
sources to send us a predisbursement file in Commonline4 format; we
then ran those files against our enrollment system and used the results to
identify students who had not enrolled for summer or whose loans needed to be
held for some other reason (need to adjust due to overawards, etc.). We
then put holds on those disbursements so we could release then when/if the
student enrolled instead of receiving the funds and having to return them.
We hate returning funds from OU because our return process is still using paper
checks. </FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN><SPAN
class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>This was a big
success. </FONT> <FONT face=Arial>Such a big success that we want to
do it for Fall 06 as well. And, I want the files by July
27. That will give us the opportunity to adjust any
disbursements or put on holds before the window closes for our August 9 big
disbursement. Here's the parameters:</FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>Loan period begins
8/21/06</FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>Loan type = Stafford (sub
or unsub) No PLUS, Alternative or Grad PLUS (that'll be easy, we haven't
certified any GB yet).</FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006></SPAN><SPAN class=959584222-19072006><FONT
face=Arial>Format: Commonline 4 disbursement file</FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>Destination: our
regular OpenNet mailbox. </FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial><SPAN
class=959584222-19072006><FONT face=Arial>Our plan is to compare your rosters
with our financial aid & enrollment records and use the results to
identify students who have not enrolled for Fall or whose loans needed to
be held for some other reason (need to adjust due to overawards, etc.).
We're hopeful that using this process will improve our Fall 06 disbursement and
save work for all of us. </FONT></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>Pam Chandler at OSLA, Ron
Hancock at Nelnet and Lori Brown at Sallie Mae ALL did this successfully for
Summer 06, so if you need help with the file structure, call one of
them. They'll laugh at you, but they might help. If you call Ron, be
prepared to hear diaper horror stories. </FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial>If you have any questions,
don't hesitate to email or call me. Again, July 27 is the day we need this
file. Please share this with whomever might need it within your
organization or at your servicer. </FONT></SPAN></DIV>
<DIV><SPAN class=959584222-19072006><FONT face=Arial></FONT></SPAN> </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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