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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 March 31, 2010. <o:p></o:p></span></font></p>
<p><font size=3 face=Arial><span style='font-size:12.0pt;font-family:Arial'>In
calculating quarterly Special Allowance rates, ED is required to determine
“the average of the bond equivalent rates of the quotes of the 3-month
commercial paper (financial) rates in effect for each of the days in such
quarter as reported by the Federal Reserve in Publication H-15 (or its
successor) for such 3-month period.” 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'> March 31, 2010</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, 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'>0.21</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://federalstudentaid.ed.gov/ffelp/library/EA83.doc"
title="blocked::http://www.federalstudentaid.ed.gov/ffelp/library/EA57.doc"><font
face=Arial><span style='font-family:Arial'>announcement</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'>March 31, 2010</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'>0.11</span></font></span></b></span></font>
<font face=Arial><span style='font-family:Arial'>percent. </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><a href="http://ifap.ed.gov/ffelspecrates/SAPmemo040810.html"
title="blocked::http://www.ifap.ed.gov/ffelspecrates/071609SAPMemo.html"><b><font
face=Arial><span style='font-family:Arial;font-weight:bold'>Click here</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="blocked::mailto:pct@ogslp.org"><font face=Arial><span style='font-family:
Arial'>pct@ogslp.org</span></font></a><font face=Arial><span style='font-family:
Arial'>. We're here to help!</span></font><font color=navy face=Sylfaen><span
style='font-family:Sylfaen;color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face=Sylfaen><span style='font-size:
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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style='font-size:12.0pt;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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style='font-size:12.0pt;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
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'>405-234-4549 -
facsimile</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><font size=3 color="#1a4e66" face=Corbel><span
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
size=2 color=navy face=Calibri><span style='font-size:10.0pt;font-family:Calibri;
color:navy;font-style:italic'>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.</span></font></i></b></strong><o:p></o:p></p>
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