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<TITLE>ED Announces New Short-Term Purchase Program </TITLE>
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<P><U><B><FONT SIZE=2 FACE="Arial">New ECASLA short-term purchase program-</FONT></B></U>
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<P><FONT SIZE=2 FACE="Arial">Secretary Spellings has announced a new short-term purchase program under the Ensuring Continued Access to Student Loans Act (ECASLA). </FONT></P>
<P><FONT SIZE=2 FACE="Arial">This program will allow for the purchase of Stafford and PLUS loans first disbursed after May 1, 2007 for the 2007-2008 year. A Federal Register notice is expected next week that will include official terms of the program. Below is a link to the announcement:</FONT></P>
<P><A HREF="http://www.ed.gov/students/college/aid/ffelp-facts.html"><U><FONT COLOR="#0000FF" SIZE=2 FACE="Arial">http://www.ed.gov/students/college/aid/ffelp-facts.html</FONT></U></A>
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<P><FONT SIZE=2 FACE="Arial">OGSLP will keep you informed regarding these important programs. If you have any questions, please contact me at redington@ogslp.org or (405) 234-4333.</FONT></P>
<P><B><FONT SIZE=2 FACE="Arial">Rick</FONT></B>
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<P><FONT SIZE=2 FACE="Arial">Rick Edington</FONT>
<BR><FONT SIZE=2 FACE="Arial">Director for School/Lender Services, Default Prevention & Outreach</FONT>
<BR><FONT SIZE=2 FACE="Arial">Oklahoma Guaranteed Student Loan Program</FONT>
<BR><FONT SIZE=2 FACE="Arial">A division of the Oklahoma State Regents for Higher Education</FONT>
<BR><FONT SIZE=2 FACE="Arial">P.O. Box 3000</FONT>
<BR><FONT SIZE=2 FACE="Arial">Oklahoma City, OK 73101-3000</FONT>
<BR><FONT SIZE=2 FACE="Arial">405-234-4333 fax: 405-234-4551</FONT>
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