<!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>Income Documentation for the IBR Plan</TITLE>
</HEAD>
<BODY>
<!-- Converted from text/rtf format -->
<P DIR=LTR><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri">On April 13, 2012 the United States Department of Education issued an</FONT></SPAN><SPAN LANG="en-us"> </SPAN><A HREF="http://ifap.ed.gov/eannouncements/041312IncomeDocumentationIBR.html"><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><U><FONT COLOR="#0000FF" SIZE=4 FACE="Calibri">electronic announcement</FONT></U></SPAN><SPAN LANG="en-us"></SPAN></A><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri"> explaining increased flexibility to lenders and servicers on the standards for accepting documentation of borrowers</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri">’ income for IBR purposes. The announcement modifies previous guidance by allowing a lender or servicer to accept an</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><U> <FONT SIZE=4 FACE="Calibri">unsigned</FONT></U></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri"> copy of the borrower</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri">’s tax return, unless the lender or servicer questions the validity of the return submitted by the borrower. </FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"> <FONT SIZE=4 FACE="Calibri">You may r</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri">ead the entire announcement</FONT></SPAN><SPAN LANG="en-us"> </SPAN><A HREF="http://ifap.ed.gov/eannouncements/041312IncomeDocumentationIBR.html"><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><U><FONT COLOR="#0000FF" SIZE=4 FACE="Calibri">here</FONT></U></SPAN><SPAN LANG="en-us"></SPAN></A><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri">.</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=4 FACE="Calibri"></FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"> </SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"></SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"></SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"><B></B></SPAN><SPAN LANG="en-us"><B></B></SPAN><B><SPAN LANG="en-us"></SPAN></B><B><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">Mary Heid</FONT></SPAN></B><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">Director for Policy, Compliance, and Training</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">Oklahoma College Assistance Program (OCAP)</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"><I></I></SPAN><SPAN LANG="en-us"><I></I></SPAN><I><SPAN LANG="en-us"></SPAN></I><I><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">a division of the Oklahoma State Regents for Higher Education formerly known as</FONT></SPAN></I><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><BR>
</SPAN><SPAN LANG="en-us"><I></I></SPAN><SPAN LANG="en-us"><I></I></SPAN><I><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri"> </FONT><FONT SIZE=2 FACE="Calibri"> the Oklahoma Guaranteed Student Loan Program</FONT></SPAN></I><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">405.234.4489 (office direct)</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT SIZE=2 FACE="Calibri">800-522-8506 (TDD/TRS) <BR>
405.234.4582 (fax)</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Calibri"> </FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><A HREF="http://www.ogslp.org/"><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><U></U></SPAN><U><SPAN LANG="en-us"></SPAN></U><U><SPAN LANG="en-us"><FONT COLOR="#000080" SIZE=2 FACE="Calibri">www.ocap.org</FONT></SPAN></U><SPAN LANG="en-us"></SPAN></A><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT FACE="Times New Roman"><BR>
</FONT><FONT FACE="Times New Roman"><BR>
<BR>
</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"><FONT COLOR="#000000" SIZE=1 FACE="Tahoma">Note: This communication and</FONT> <FONT COLOR="#000000" SIZE=1 FACE="Tahoma">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 no</FONT><FONT COLOR="#000000" SIZE=1 FACE="Tahoma">t</FONT><FONT COLOR="#000000" SIZE=1 FACE="Tahoma"> 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</FONT> <FONT COLOR="#000000" SIZE=1 FACE="Tahoma">i</FONT><FONT COLOR="#000000" SIZE=1 FACE="Tahoma">n error, please promptly notify the sender and immediately delete this communication from your system.</FONT></SPAN><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"></SPAN><SPAN LANG="en-us"></SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"></SPAN></P>
<P DIR=LTR><SPAN LANG="en-us"></SPAN></P>
</BODY>
</HTML>