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<DIV><SPAN class=334270319-01092006><FONT face=Arial>We started certifying Grad
PLUS Loans earlier this week. Of course, we only did 4 in the first batch,
but they worked! So, if students are contacting you wanting to know when
we are going to process these loans, we HAVE started. The students will
receive an email notification when their new award notice has been posted
showing the Grad PLUS Loan. </FONT></SPAN></DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial>But, there is one
hitch----our Bursar's office is not set up to accept the disbursements via EFT
yet. Evidently SOMEONE (kinda tall, with glasses & kinda reddish hair,
REALLY big mouth) was supposed to clue in the programmers to create an
account & put everything into the Bursar job stream. I can't
remember who that was, but evidently she has a bad
memory. </FONT></SPAN></DIV>
<DIV><SPAN class=334270319-01092006></SPAN> </DIV>
<DIV><SPAN class=334270319-01092006><STRONG><FONT face=Arial><FONT
color=#ff0000>So, I need to request that you set up Grad PLUS disbursements
to OU as paper checks, not EFT. Sallie Mae and ELM have already done
this (they had our first 4 students), but I need the rest of you to do
this too.</FONT> </FONT> </STRONG></SPAN></DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial>Our next batch of Grad PLUS
Loans will transmit on Tuesday, Sept 4. All of them will go to
lenders that disburse via Sallie Mae or ELM, so you don't have to worry about
these hitting your system on Tuesday and issuing EFTs.
</FONT></SPAN></DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=334270319-01092006><FONT face=Arial>Eventually, we'll be able
to switch these disbursements to EFT so they can go out with your Stafford
disbursements. I'll let you know when that happens. I'll also be
monitoring the grad plus transmissions next week and try to give you a heads up
when one is coming your way. We have a total of 31 applications so far
(including the 4 we've done), so there aren't tons of these out there.
</FONT></SPAN></DIV>
<DIV> </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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