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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#4CA9C5" vlink="#A7C766"><div class=WordSection1><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'>Special Consolidation Loan Program and FFEL Lenders – A High-Level Overview<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'>On Nov. 23, ED added to a series of communications sent to the financial aid community regarding the Special Direct Consolidation Loan opportunity offered by ED from January to June 30, 2012.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><a href="http://ifap.ed.gov/eannouncements/112311SpecialDCLInfoLenderServHighLevelV.html">This e-nnouncement</a> provides lenders with a high-level overview of how the program will work and how it will affect FFEL lenders.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'>In addition to this high-level overview provided by ED, OCAP staff is participating in a workgroup consisting of the National Council on Higher Education Loan Programs (NCHELP) and the Student Loan Servicing Alliance (SLSA) to put together a <a href="http://www.nchelp.org/news/77270/NCHELP-and-SLSA-Release-Initial-Special-Direct-Consolidation-Loan-Program-QA.htm">Special Direct Consolidation Loan Program Q&A</a> to help answer questions regarding this program. If you have questions you would like to see addressed in this Q&A, please send them to Matt McCreary, Policy Analyst, at <a href="mailto:mmccreary@ocap.org">mmccreary@ocap.org</a>. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'>Matt McCreary <br>Policy Analyst <o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#BD7B01'>Oklahoma College Assistance Program (OCAP)</span></b><b><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4CA9C5'> <br></span></b><span style='font-size:10.0pt;font-family:"Georgia","serif";color:#4CA9C5'>formerly known as Oklahoma Guaranteed Student Loan Program<o:p></o:p></span></p><p class=MsoNormal><i><span style='font-size:10.0pt;font-family:"Georgia","serif";color:#4CA9C5'>a division of the Oklahoma State Regents for Higher Education</span></i><i><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4CA9C5'> <o:p></o:p></span></i></p><p class=MsoNormal><span style='font-family:"Georgia","serif";color:green'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-family:"Georgia","serif";color:#A7C766'>405-234-4296 - phone <br>405-234-4549 - fax <o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-family:"Georgia","serif";color:#A7C766'>800-522-8506 (TDD/TRS)<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal style='text-autospace:none'><i><span style='font-size:9.0pt;font-family:"Georgia","serif";color:#4F3E3F'>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:"Georgia","serif";color:#4F3E3F'><o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Georgia","serif";color:#4F3E3F'><o:p> </o:p></span></p></div><div style='mso-element:comment-list'><![if !supportAnnotations]><hr class=msocomoff align=left size=1 width="33%"><![endif]></div></body></html>