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<TITLE>NCHELP Reauthorization Legislation Summary Document </TITLE>
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<P><FONT FACE="Arial">Dear Colleagues: </FONT>
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<P><FONT FACE="Arial">As a follow-up to the February 22, 2008, Oklahoma Lender Advisory Council (OLAC) meeting, the National Council of Higher Education Loan Programs (NCHELP) recently released a summary<U> </U></FONT><A HREF="http://www.nchelp.org/elibrary/BudgetReconciliation&HEAReauthorization/2007HEALegislation/BillsIntroduced/ReauthSenateHouseBills_summary022808.pdf"><U><FONT COLOR="#0000FF" FACE="Arial">side-by-side analysis document of the Higher Education Act (HEA) reauthorization bills</FONT></U><U></U></A><U></U><FONT FACE="Arial">. This summary includes selected sections of major provisions that impact loan programs found in the Senate's Higher Education Amendments of 2007 (S. 1642) and the House's College Opportunity and Affordability Act of 2008 (H.R. 4137). </FONT></P>
<P><FONT FACE="Arial">The next step in the legislative process is for both S. 1642 and H.R. 4137 to go to a Conference Committee where a joint House and Senate committee is appointed to negotiate the differences between the two bills. As you may recall, the bill provisions must be approved in identical form by both the House and the Senate. From what has been reported, the goal of the Conference Committee is to complete the conference report in April. The current HEA extension expires on March 31, 2008. </FONT></P>
<P><FONT FACE="Arial">OGSLP will continue to keep you informed about HEA activity. If you have questions, please contact Policy, Compliance, and Training at (405) 234-4432 or </FONT><A HREF="mailto:pct@ogslp.org?subject=Legislation"><U><FONT COLOR="#0000FF" FACE="Arial">pct@ogslp.org</FONT></U></A><FONT FACE="Arial">.</FONT></P>
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<P><B><FONT COLOR="#808080" SIZE=2 FACE="Arial">Note:</FONT></B><FONT COLOR="#808080" SIZE=2 FACE="Arial"> This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately, delete this communication from your system.</FONT></P>
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