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<p class="MsoNormal"><span style="color:#1F497D">Dear Colleagues,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Canadian county has been added to the counties included in the major disaster.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> lender-bounces@lists.onenet.net [mailto:lender-bounces@lists.onenet.net]
<b>On Behalf Of </b>Heid, Mary<br>
<b>Sent:</b> Thursday, May 23, 2013 12:41 PM<br>
<b>To:</b> lender@lists.onenet.net<br>
<b>Subject:</b> [Lender] Guidance for helping Title IV participants affected by a major disaster.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Dear Colleagues,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">As you know, many of our Oklahoma citizens have been affected by tornadoes this week. President Obama has declared disasters in the following counties:
</span><span lang="EN" style="font-family:"Arial","sans-serif"">Cleveland, Lincoln, McClain, Oklahoma and Pottawatomie.
</span><span style="font-family:"Arial","sans-serif"">OCAP will be posting information on our websites and social media instructing borrowers affected by the disaster to contact their lenders to let them know they have been affected. If we have a borrower on
the phone we will attempt to transfer the borrower to you.<o:p></o:p></span></p>
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<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">The link below contains guidance from ED on natural disaster information.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif""><a href="http://ifap.ed.gov/ifap/disaster.jsp">http://ifap.ed.gov/ifap/disaster.jsp</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><i><u><span style="font-family:"Arial","sans-serif"">Borrowers in In-School Loan Status (§682.209(a)) and In-School Deferment Status (§682.210).</span></u></i><i><span style="font-family:"Arial","sans-serif"">
The loan holder should continue to report to NSLDS as "in-school" the loan status of each borrower who was in an "in-school" status on the date the borrower's attendance at the institution was interrupted due to a disaster. The loan holder should continue
the borrower in that loan status until the institution reports the borrower as withdrawn, as specified above in “<u>Reporting Student Enrollment Status (§682.610(c)).”</u><o:p></o:p></span></i></p>
<p class="MsoNormal"><i><u><span style="font-family:"Arial","sans-serif"">Borrowers in Repayment (§682.211).</span></u></i><i><span style="font-family:"Arial","sans-serif""> For a borrower who is in repayment and who is affected by a disaster, the FFEL loan
holder is authorized to grant an administrative forbearance under §682.211(f) for a period of up to three months. The loan holder must provide a notice to the borrower to allow the borrower the opportunity to decline the forbearance.<o:p></o:p></span></i></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Should you have any questions please contact me.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Arial","sans-serif"">Mary Heid<br>
</span></b><span style="font-family:"Arial","sans-serif"">Director for Default Prevention, Compliance, and Training Services<br>
Oklahoma College Assistance Program (OCAP)<br>
<i>a division of the Oklahoma State Regents for Higher Education<br>
</i>405.234.4489 (office direct)<br>
405.234.4582 (fax)<br>
<a href="http://www.ReadySetRepay.org">www.ReadySetRepay.org</a><br>
<a href="http://www.facebook.com/RepaymentScoop">http://www.facebook.com/RepaymentScoop</a>
<img border="0" width="21" height="21" id="Picture_x0020_2" src="cid:image001.jpg@01CE675C.EB955E50" alt="cid:0F60BDCA488F7D44BB737951184A4E23@osrhe.edu"><o:p></o:p></span></p>
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