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<p class=MsoNormal>Have any lenders made any plans to prevent PLUS borrowers
from applying for 09-10 loans until the winner of the auction has been
determined? <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>At the Las Vegas FSA conference, an aid officer asked
whether a FFELP school could certify an 09-10 PLUS that passed credit through a
non-auction lender and the answer was no. So, if a parent applied for an
09-10 PLUS in January 09 through ABC bank and ABC didn’t win the auction
contract, the school is not supposed to certify that loan, the parent has to
reapply through the auction lender. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>We’re trying to warn parents not to apply too early so
they don’t end up having to reapply and have another credit hit. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='font-size:9.0pt'>Pam McConahay<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>Associate Director, University
of Oklahoma Financial Aid Services<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>1000 Asp Ave, Room 216,
Norman, OK 73019-4078<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>(405) 325-4617 Fax (405)
325-3657 <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>pmcconahay@ou.edu<o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
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