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<p class=MsoNormal><font size=3 face=Garamond><span style='font-size:12.0pt;
font-family:Garamond'>OLAC Members,</span></font></p>
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font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The request was made at the OLAC Meeting, that OLAC
consider providing lunch for an OASFAA training activity. Here’s the
basic information. The event is the annual SWASFAA Decentralized Training.
All schools in the state are invited to participate. The lunch will be a
box lunch (under $10) purchased from a local caterer. We anticipate between
120-150 attendees. </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The June 12 NPRM addressing inducements lists as a
permissible activity for lenders “Sponsorship of meals, refreshments, and
receptions for school officials or employees that are reasonable in cost and
that are scheduled in conjunction with meeting or conference events if those
functions are open to all meeting or conference attendees.” While this
NPRM is not a law, it does indicate that sponsoring a meal at a training
function such as the SWASFAA Decentralized Training would not be contrary to
Congressional intent. </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>At the same time, we know that some lenders have signed
codes of conduct that do not allow them to provide meals to schools. I am
going to take a vote and I need your answer by COB tomorrow. Just a simple yes
to sponsor or no to not sponsor would be great. Please respond to me directly
by e-mail.</span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Thanks,</span></font></p>
<p class=MsoNormal><font size=3 face=Garamond><span style='font-size:12.0pt;
font-family:Garamond'> </span></font></p>
<p class=MsoNormal><strong><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-style:italic'>Matthew
Wright</span></font></i></b></strong></p>
<p class=MsoNormal><strong><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-style:italic'>Student
Loan Xpress</span></font></i></b></strong></p>
<p class=MsoNormal><strong><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-style:italic'>Vice
President, Regional Accounts</span></font></i></b></strong></p>
<p class=MsoNormal><strong><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-style:italic'>1-866-847-7086</span></font></i></b></strong></p>
<p class=MsoNormal><em><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-weight:bold'>(918)
269-9439</span></font></i></b></em></p>
<p class=MsoNormal><em><b><i><font size=3 color=navy face=Garamond><span
style='font-size:12.0pt;font-family:Garamond;color:navy;font-weight:bold'><a
href="mailto:matthew.wright@slxpress.com"><font face="Times New Roman"><span
style='font-family:"Times New Roman"'>matthew.wright@slxpress.com</span></font></a></span></font></i></b></em></p>
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12.0pt'> </span></font></p>
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