<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii">
<META NAME="Generator" CONTENT="MS Exchange Server version 6.5.7654.12">
<TITLE>Dear Colleague Letter FP-09-03 on the completion of Loan Verification Certificates </TITLE>
</HEAD>
<BODY>
<!-- Converted from text/rtf format -->
<P><FONT FACE="Arial">Dear Colleagues,<BR>
<BR>
The U.S. Department of Education (ED) posted Dear Colleague Letter (DCL) FP-09-03 on the completion of Loan Verification Certificates (LVCs) on April 3, 2009. This DCL provides updated guidance to FFEL Program loan holders regarding the completion and return of LVCs in connection with a borrower’s application to consolidate a single FFEL Program consolidation loan into a new Federal Direct Consolidation loan.<BR>
<BR>
Except in the case of a joint FFEL consolidation loan, a loan holder may not refuse to complete and return an LVC for a borrower who has applied to consolidate into the Direct Loan Program based solely on the fact that the only loan to be consolidated is a single FFEL Program consolidation loan.<BR>
<BR>
Additional information can be found in the DCL - </FONT><A HREF="http://www.ifap.ed.gov/dpcletters/FP0903.html"><U><FONT COLOR="#0000FF" FACE="Arial">http://www.ifap.ed.gov/dpcletters/FP0903.html</FONT></U></A><BR>
<BR>
<FONT FACE="Arial">If you have questions regarding the DCL, please contact</FONT> <A HREF="mailto:policycompliancetraining@ogslp.org"><U></U><U><FONT COLOR="#0000FF" FACE="Arial">Policy, Compliance, and Training</FONT></U></A><FONT FACE="Arial"> or (405) 234-4432.<BR>
<BR>
Best Regards,<BR>
Mary Heid<BR>
Director for Policy, Compliance, & Training<BR>
Oklahoma Guaranteed Student Loan Program<BR>
(405) 234-4489 phone<BR>
(405) 234-4582 fax<BR>
TTY 1-800-522-8506</FONT><BR>
</P>
<BR>
<P><I><FONT SIZE=2 FACE="Arial">Note: 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 including, but not limited to, the Privacy Act of 1974. 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></I></P>
<BR>
<BR>
</BODY>
</HTML>