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<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'>NEW
FFELP Lender and Servicer Audit Guides Published<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'>On
Jan. 31, 2011, the Office of Inspector General (OIG) of the US Department of
Education (ED) published new audit guides for lenders and servicers
participating in the Federal Family Education Loan Program (FFELP). These
guides are effective for fiscal years ending on/after June 30, 2011.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'>The
new audit guides are available here:<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><a
href="http://www2.ed.gov/about/offices/list/oig/nonfed/lenderauditguidejanuary2011.pdf">The
Lender Compliance Attestation Engagement Guide for Lenders Holding FFELP Loans</a><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><a
href="http://www2.ed.gov/about/offices/list/oig/nonfed/lenderservicerauditguidejanuary2011.pdf">The
Lender Servicer Financial Statement Audit Compliance Attestation Engagement
Guide for Lender Servicers Servicing FFELP Loans</a><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif";color:navy'>Matt
McCreary</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>
<br>
</span><span style='font-size:12.0pt;font-family:"Eras Demi ITC","sans-serif";
color:navy'>Policy Analyst</span><span style='font-size:12.0pt;font-family:
"Times New Roman","serif"'> <o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='font-size:12.0pt;font-family:"Eras Bold ITC","sans-serif";color:teal'>Oklahoma
Guaranteed Student Loan Program</span><span style='font-size:12.0pt;font-family:
"Times New Roman","serif"'> <br>
</span><span style='font-size:10.0pt;font-family:"Eras Bold ITC","sans-serif";
color:teal'>A Division of the Oklahoma State Regents for Higher Education</span><span
style='font-size:12.0pt;font-family:"Times New Roman","serif"'> <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-family:"Eras Bold ITC","sans-serif";
color:green'>405-234-4296 - phone</span> <br>
<span style='font-family:"Eras Bold ITC","sans-serif";color:green'>405-234-4549
- fax</span> <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal style='text-autospace:none'><i><span style='font-size:9.0pt;
font-family:"Eras Demi ITC","sans-serif";color:#92D050'>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.</span></i><i><span style='font-size:9.0pt;font-family:"Eras Demi ITC","sans-serif";
color:#92D050'><o:p></o:p></span></i></p>
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