[Oasfaa] Spring 2008 OTAG Disbursements

[Joyner, Shiela]

Attached for your information is an updated spreadsheet that reflects
OTAG awards paid to students in 2007-08, compared with end of year
expenditures for 2006-07.  

As of today, approximately $700,000 in 2007-2008 OTAG funds remain
uncommitted.  To qualify for our federal LEAP and SLEAP allocations, we
must award this remaining $700,000 to eligible students before June 30
when the current award year ends.  Our preference would to expend these
funds in the current spring semester.  Whether or not we will be able to
do so depends on the value of award claims remaining to be submitted and
whether or not we are in a position to decide to move the EFC cutoff
slightly or extend the FAFSA receipt date beyond June 25, 2007.

While institutions have until April 11 to submit their final spring 2008
OTAG award claims, we ask that you submit any additional claims that you
are aware of without delay.  Please contact us if we can be of
assistance or provide your institutions with a current pre-populated
Award Claim Form.

 <<2007-2008 Sch Compare 0607-0708_031008.xls>> 
Shiela Joyner
Director, Oklahoma Tuition Aid Grant Program
Oklahoma State Regents for Higher Education
PO Box 108850
Oklahoma City, OK 73101-8850
Internet:  sjoyner at otag.org
Voice:  405.225.9378 or Toll Free 877.662.6231

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