[Oasfaa] Regents' Support of Mutual Benefit Corporation

[Mowdy, Mary]

				I am posting this on behalf of Chancellor
Brisch

	
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				Recently, the Oklahoma Guaranteed Student
Loan Program joined a mutual benefit corporation (MBC) known as Oklahoma
Access to Knowledge, Inc. (OAK).  The Oklahoma State Regents for Higher
Education are fully supportive of this membership and of the selection of
their first activity known as MYOAK, a Web-based loan processing system.
Conceptually, the MBC framework will allow members to rapidly respond to
marketplace needs while reducing costs and duplicative efforts.  As a
guarantor in a competitive market, OGSLP must be poised to provide any
product or service desired by schools.  The MYOAK product with its unique
and attractive features is a welcome addition to a long list of loan
processing solutions offered by the agency.  

				By choosing MYOAK, Oklahoma schools are able
to continue their strong relationships with local lenders without the
complexities of multiple lender platforms.   This open loan-processing
system delivers a single Web-based data flow built on industry standards.
Other attractive features of the product include a deluxe on-line award
letter presentment feature and data mapping resources provided by the MBC.
Added value products based on industry standards are an integral part of
OGSLP's mission to deliver solutions that work for Oklahoma schools, lenders
and borrowers. 



Mary Mowdy, Interim Executive Director 
Oklahoma Guaranteed Student Loan Program
P. O. Box 3000, Oklahoma City, OK 73101-3000
405/234-4310     800-247-0420   
fax: 405/234-4565        agency fax:  405/234-4390