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<P><FONT size=2><STRONG><FONT size=4>OGSLP Operational Impacts of NSLDS Access
Suspension</FONT></STRONG><BR>On April 17, 2007, Susan Szabo, of the United
States Department of Education Office of Federal Student Aid made an <A
href="http://www.ifap.ed.gov/eannouncements/0417NSLDSAccess.html">announcement</A>
regarding the temporary suspension of access to the National Student Loan Data
System (NSLDS) by all participants in the student loan program, except students,
borrowers and institutions of higher education. This access suspension
includes but is not limited to lenders, servicers, and guarantors.
</FONT></P>
<P><FONT size=2>We do not anticipate this action to prohibit OGSLP from
submitting our monthly data to NSLDS. We do realize that some of our
business operations will be impacted until access can be restored. Today
the <EM>NCHELP Daily Briefing,</EM>contained an overview of the impact of this
temporary suspension. Listed below are some highlights from NCHELP's
impact compilation:</FONT></P><FONT size=2>
<DIV>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN
style="FONT-SIZE: 10pt">Student Eligibility</SPAN></B><SPAN
style="FONT-SIZE: 10pt"><?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l2 level1 lfo1; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Processing delays where borrower eligibility
questions would prohibit them from receiving new aid. <o:p></o:p></SPAN></LI>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l2 level1 lfo1; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Ability to calculate a student’s cumulative loan
amount borrowed for financial aid administrators is severely hampered.
<o:p></o:p></SPAN></LI></UL>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN
style="FONT-SIZE: 10pt">Interim Servicing, Repayment Servicing and Default
Prevention</SPAN></B><SPAN style="FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo2; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Inability to research enrollment on a
borrower. <o:p></o:p></SPAN></LI>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo2; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Inability to make NSLDS on-line updates for
borrowers or schools, if needed. <o:p></o:p></SPAN></LI>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l1 level1 lfo2; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Inability to assist borrowers with locating their
loans<o:p></o:p></SPAN></LI></UL>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN
style="FONT-SIZE: 10pt">Default and Post Default Serving</SPAN></B><SPAN
style="FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo3; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Potential claim returns or rejects due to
inability to verify discrepant out of school dates.
<o:p></o:p></SPAN></LI>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo3; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Schools will see an increase in lender inquiries
regarding out of school dates. <o:p></o:p></SPAN></LI></UL>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN
style="FONT-SIZE: 10pt">Service to Borrowers Hampered</SPAN></B><SPAN
style="FONT-SIZE: 10pt"><o:p></o:p></SPAN></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo4; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Response to borrowers will be difficult when
identification of outside loan holders is necessary. <o:p></o:p></SPAN></LI>
<LI class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-list: l3 level1 lfo4; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt">Will severely hamper the ability to address questions
from borrowers and schools regarding loan repurchases and loan
forgiveness. <o:p></o:p></SPAN></LI></UL>OGSLP is monitoring this issue closely
and will keep you advised of additional issues that may arise regarding this
access suspension.</DIV>
<DIV> </DIV>
<DIV><FONT size=3>Sincerely,</FONT></DIV>
<DIV><I><SPAN lang=en-us><FONT face="Times New Roman">Mary
Heid</FONT></SPAN></I> <BR><I><SPAN lang=en-us><FONT
face="Times New Roman">NSLDS Supervisor</FONT></SPAN></I> <BR><I><SPAN
lang=en-us><FONT face="Times New Roman">Oklahoma Guaranteed Student Loan
Program</FONT></SPAN></I> <BR><I><SPAN lang=en-us><FONT
face="Times New Roman">(405) 234-4489</FONT></SPAN></I> </DIV>
<DIV>
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<DIV><FONT size=2><FONT size=3></FONT> </DIV>
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