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<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>The
Department of Education (ED) has released the special allowance rates for the
quarter ending December 31, 2009. </span></font><br>
<font face=Arial><span style='font-family:Arial'>Due to changing market
conditions, for the period ending December 31, 2009 ED is reverting to the
previous method of determining the average of the bond equivalent rates of the
quotes of the 3-month commercial paper (financial) rates. For days when a rate
is unavailable, ED has used the previous available rate. </span></font><o:p></o:p></p>
<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>Therefore,
for the quarter ending<b><span style='font-weight:bold'> December 31, 2009</span></b>,
the average rate used to compute special allowance will be<b><span
style='font-weight:bold'> <font color=black><span style='color:black'>0.21</span></font></span></b></span></font>
<font face=Arial><span style='font-family:Arial'>percent. </span></font><o:p></o:p></p>
<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>Pursuant
to the Master Participation Agreement(s) under ED's loan participation purchase
program for 2008-2009 loans, the</span></font><b><span style='font-weight:bold'>
</span></b><b><font color=black face=Arial><span style='font-family:Arial;
color:black;font-weight:bold'>0.41</span></font></b> <font face=Arial><span
style='font-family:Arial'>percent rate is also used to determine the
Participant Yield (i.e., yield owed to ED). The calculated Participation Yield
rate is available in an Ensuring Continued Access to Student Loans (ECASLA) </span></font><a
href="http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc"
title="http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc blocked::http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc"><font
face=Arial
title="http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc blocked::http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc"><span
title="http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc"><span
style='font-family:Arial'>announcement</span></span></font></a><font
face=Arial><span style='font-family:Arial'>.</span></font><o:p></o:p></p>
<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>For
some loans, the special allowance rate is calculated by using the average of
the bond equivalent rates of the 91-day Treasury bills as published by the
Department of the Treasury. For the quarter ending</span></font><b><span
style='font-weight:bold'> </span></b><b><font face=Arial><span
style='font-family:Arial;font-weight:bold'>December 31, 2009</span></font></b><font
face=Arial><span style='font-family:Arial'>, the average of the rates is<b><span
style='font-weight:bold'> <font color=black><span style='color:black'>0.07</span></font></span></b></span></font>
<font face=Arial><span style='font-family:Arial'>percent. </span></font><o:p></o:p></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'><a
href="http://www.ifap.ed.gov/ffelspecrates/attachments/SAPMemo010810.pdf"
title="http://www.ifap.ed.gov/ffelspecrates/attachments/SAPMemo010810.pdf blocked::http://www.ifap.ed.gov/ffelspecrates/071609SAPMemo.html"><b><font
face=Arial
title="http://www.ifap.ed.gov/ffelspecrates/attachments/SAPMemo010810.pdf blocked::http://www.ifap.ed.gov/ffelspecrates/071609SAPMemo.html"><span
title="http://www.ifap.ed.gov/ffelspecrates/attachments/SAPMemo010810.pdf"><span
style='font-family:Arial;font-weight:bold'>Click here</span></span></font></b></a>
</span></font><font face=Arial><span style='font-family:Arial'>to view
ED’s announcement regarding the new rates. If you have questions, please
contact OGSLP's Policy, Compliance and Training department at 405.234.4432,
800.247.0420 (toll free) or </span></font><a href="mailto:pct@ogslp.org"
title="mailto:pct@ogslp.org blocked::mailto:pct@ogslp.org"><font
face=Arial title="mailto:pct@ogslp.org blocked::mailto:pct@ogslp.org"><span
title="mailto:pct@ogslp.org"><span style='font-family:Arial'>pct@ogslp.org</span></span></font></a><font
face=Arial><span style='font-family:Arial'>. We're here to help! </span></font><o:p></o:p></p>
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12.0pt;font-family:Sylfaen;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><strong><b><font size=3 color="#2b70a8" face=Corbel><span
style='font-size:12.0pt;font-family:Corbel;color:#2B70A8'>Matt McCreary</span></font></b></strong><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<div>
<p class=MsoNormal><strong><b><font size=3 color="#2b70a8" face=Corbel><span
style='font-size:12.0pt;font-family:Corbel;color:#2B70A8'>Policy Analyst</span></font></b></strong><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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<p class=MsoNormal><st1:State w:st="on"><st1:place w:st="on"><strong><b><i><font
size=3 color="#236698" face=Corbel><span style='font-size:12.0pt;font-family:
Corbel;color:#236698;font-style:italic'>Oklahoma</span></font></i></b></strong></st1:place></st1:State><strong><b><i><font
color="#236698" face=Corbel><span style='font-family:Corbel;color:#236698;
font-style:italic'> Guaranteed Student Loan Program</span></font></i></b></strong><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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<p class=MsoNormal><em><i><font size=2 color="#236698" face=Corbel><span
style='font-size:10.0pt;font-family:Corbel;color:#236698'>a division of
the <st1:place w:st="on"><st1:PlaceName w:st="on">Oklahoma</st1:PlaceName> <st1:PlaceType
w:st="on">State</st1:PlaceType></st1:place> Regents for Higher Education</span></font></i></em><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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<p class=MsoNormal><strong><b><font size=3 color="#1a4e66" face=Corbel><span
style='font-size:12.0pt;font-family:Corbel;color:#1A4E66'>405-234-4296 - phone</span></font></b></strong><font
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style='font-size:12.0pt;font-family:Corbel;color:#1A4E66'><a
href="mailto:mmccreary@ogslp.org">mmccreary@ogslp.org</a> - e-mail</span></font></b></strong><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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<p class=MsoNormal><strong><b><i><font size=2 color=navy face=Calibri><span
style='font-size:10.0pt;font-family:Calibri;color:navy;font-style:italic'>Note:</span></font></i></b></strong><strong><b><i><font
size=2 color=navy face=Corbel><span style='font-size:10.0pt;font-family:Corbel;
color:navy;font-style:italic'> </span></font></i></b></strong><strong><b><i><font
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color:navy;font-style:italic'>This communication and attachments, if any, are
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