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<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial>Colleagues:</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT face=Arial>Below is
information recently shared with institutional business officers about the new
online system for processing AmeriCorps Education Awards. The automated
system is designed to make it faster and easier for institutions to
receive payments from the National Service Trust.</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial>Since financial aid administrators may be directly involved
in handling Education Awards redeemed on their campus, we wanted to share
the same information with you. Questions or concerns about the online
system and EFT process can be directed to <A
href="mailto:epayments@americorps.gov">epayments@americorps.gov</A> and <A
href="mailto:trustcomm@cns.gov">trustcomm@cns.gov</A>, respectively.
Local support is also available from the Oklahoma Community Service Commission
at 405-235-7278.</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT face=Arial>I hope
this information is helpful to you. Best regards.</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial>Angela</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=414221221-28112006><FONT face=Arial>
<DIV align=left><FONT face=Arial size=2><STRONG>Angela O.
Caddell</STRONG></FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Director, Oklahoma Money
Matters</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Oklahoma Guaranteed Student Loan
Program</FONT></DIV>
<DIV align=left><FONT size=+0><FONT size=2><FONT face=Arial><EM>a division of
the Oklahoma State Regents for Higher</EM>
<EM>Education</EM></FONT></FONT></FONT></DIV>
<DIV align=left><FONT face=Arial size=2>P.O. Box 3000</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Oklahoma City, OK
73101-3000</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>405-234-4495 (phone)</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>800-970-OKMM (toll-free)</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>405-234-4390 (fax)</FONT></DIV>
<DIV align=left><FONT face=Arial size=2><A
href="mailto:acaddell@ogslp.org">acaddell@ogslp.org</A></FONT></DIV>
<DIV align=left><FONT face=Arial size=2></FONT> </DIV>
<DIV align=left><FONT face=Arial size=1>This communication and attachments, if
any, are intended solely for the use of the addressee hereof. In addition,
this message and attachments, if any, may contain information that is
confidential, privileged and exempt from disclosure under applicable law.
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 communication in error,
please promptly notify the sender and immediately delete the communication from
your system.</FONT></DIV></FONT></SPAN></DIV>
<DIV><FONT color=#0000ff></FONT></DIV>
<DIV dir=ltr align=left>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><SPAN
class=777040116-12102006><FONT face=Arial color=#0000ff><SPAN
class=402294315-10112006></SPAN></FONT></SPAN></SPAN></DIV><SPAN
class=240375821-28092006><FONT face=Arial><SPAN
class=777040116-12102006></SPAN></FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><FONT face=Arial
color=#0000ff><SPAN class=777040116-12102006></SPAN></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><FONT color=#0000ff><SPAN
class=777040116-12102006><FONT face=Arial><SPAN class=414221221-28112006><FONT
color=#000000> </FONT></SPAN></FONT></SPAN></FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><FONT color=#0000ff><SPAN
class=777040116-12102006><FONT face=Arial><SPAN
class=414221221-28112006> </SPAN>*******************************************************************************************************************************************</FONT></SPAN></FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><FONT face=Arial><SPAN
class=777040116-12102006></SPAN></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=240375821-28092006><FONT size=4><SPAN
class=777040116-12102006>Members of the Oklahoma<SPAN
class=402294315-10112006> Association of College and </SPAN>University
Business Officers</SPAN>:</FONT></SPAN></DIV>
<DIV><SPAN class=240375821-28092006><FONT size=4></FONT></SPAN> </DIV>
<DIV><SPAN class=240375821-28092006><SPAN class=777040116-12102006><SPAN
class=402294315-10112006><FONT size=4>As you know, AmeriCorps members who
successfully complete a term of national service are eligible for an Education
Award from the National Service Trust of the U.S. Treasury. Education
Awards can be redeemed within seven years to pay current educational expenses at
any Title IV institution, to repay qualified student loans, or to pay expenses
incurred while participating in an approved school-to-work program. The
amount of the Education Award varies based on the hours of service completed by
the recipient.</FONT></SPAN></SPAN></SPAN></DIV>
<DIV><SPAN class=240375821-28092006><SPAN class=777040116-12102006><SPAN
class=402294315-10112006><FONT size=4></FONT></SPAN></SPAN></SPAN> </DIV>
<DIV><SPAN class=240375821-28092006><FONT size=4><SPAN
class=777040116-12102006>The</SPAN> Corporation for National and Community
Service has implemented<SPAN class=402294315-10112006> the</SPAN> new
AmeriCorps Online Payment System for the National Service Trust. This
automated system allows AmeriCorps members and alumni to create and
submit <SPAN class=777040116-12102006>l</SPAN>oan <SPAN
class=777040116-12102006>f</SPAN>orbearance<SPAN class=777040116-12102006>
and </SPAN><SPAN class=777040116-12102006>i</SPAN>nterest <SPAN
class=777040116-12102006>a</SPAN>ccrual <SPAN
class=777040116-12102006>requests, </SPAN>and manage Education
Award account<SPAN class=777040116-12102006>s,</SPAN> completely
online<SPAN class=777040116-12102006>.</SPAN> <SPAN
class=777040116-12102006>It also allows institutions to receive payments
electronically from the National Service Trust.</SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=240375821-28092006><SPAN class=777040116-12102006><FONT
size=4></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=240375821-28092006><FONT size=4><SPAN
class=777040116-12102006>The automated payment process and online portal offer
many benefits to your institution</SPAN>, including:</FONT></SPAN></DIV>
<UL>
<LI><FONT size=4><SPAN class=240375821-28092006><SPAN
class=777040116-12102006>accelerated receipt of payments and compatibility
with existing EFT functionality; </SPAN></SPAN> </FONT>
<LI><FONT size=4><SPAN class=240375821-28092006><SPAN
class=777040116-12102006>reduced administrative burden through auto-populated
and system verified information</SPAN>;</SPAN> </FONT>
<LI><FONT size=4><SPAN class=240375821-28092006><SPAN
class=777040116-12102006>electronic records of forms, eliminating the need to
scan or copy documents for storage</SPAN>; </SPAN><SPAN
class=240375821-28092006>and </SPAN></FONT>
<LI><SPAN class=240375821-28092006><FONT size=4>easy access to online
assistance.</FONT></SPAN></LI></UL>
<DIV><FONT size=4><SPAN class=240375821-28092006><SPAN
class=777040116-12102006>The system is now accepting registrations from
financial and educational institutions. </SPAN></SPAN><SPAN
class=240375821-28092006>To <SPAN class=777040116-12102006>exchange forms
and </SPAN><SPAN class=777040116-12102006>receive payments
electronically</SPAN>, you<SPAN class=777040116-12102006>r institution</SPAN>
must register at<SPAN class=777040116-12102006> <A
href="http://www.americorps.org/for_organizations/trust/index.asp"><FONT
color=#0000ff>http://www.americorps.org/for_organizations/trust/index.asp</FONT></A></SPAN>.<SPAN
class=777040116-12102006> The site provides guidelines for assigning
user permissions, identifying account(s) to receive disbursements, and
implementing administrative procedures, among other operational
protocols. Additionally, information about security measures
</SPAN></SPAN><SPAN class=240375821-28092006><SPAN class=777040116-12102006>and
a</SPAN> helpful <EM>Frequently Asked Questions</EM> section <SPAN
class=777040116-12102006>are</SPAN> available for review at the same
URL.<SPAN class=777040116-12102006> </SPAN></SPAN></FONT></DIV>
<DIV><FONT size=4><SPAN class=240375821-28092006><SPAN
class=777040116-12102006></SPAN></SPAN><SPAN class=240375821-28092006><SPAN
class=777040116-12102006></SPAN></SPAN><SPAN
class=240375821-28092006></SPAN></FONT> </DIV>
<DIV><SPAN class=240375821-28092006><FONT size=4><SPAN
class=047564414-29092006><SPAN class=777040116-12102006>This </SPAN></SPAN><SPAN
class=047564414-29092006>system </SPAN><SPAN class=047564414-29092006><SPAN
class=777040116-12102006>is intended to </SPAN><SPAN
class=777040116-12102006>expedite and simplify the</SPAN><SPAN
class=777040116-12102006> processing of AmeriCorps </SPAN><SPAN
class=777040116-12102006>paperwork and payments </SPAN><SPAN
class=777040116-12102006>on your campus</SPAN></SPAN>. <SPAN
class=777040116-12102006>Institutional officials can send g</SPAN><SPAN
class=777040116-12102006>eneral q</SPAN><SPAN class=240375821-28092006>uestions
about the online payment system to <A
href="mailto:epayments@americorps.gov">epayments@americorps.gov</A>,<SPAN
class=777040116-12102006> and specific inquiries about the National Service
Trust's EFT process can be directed to <A
href="mailto:trustcomm@cns.gov">trustcomm@cns.gov</A>. <SPAN
class=402294315-10112006> Local assistance is also available from the
Oklahoma Community Service Commission, the governing agency
for state AmeriCorps programs,
at 405-235-7278. </SPAN></SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=240375821-28092006><FONT size=4><SPAN
class=777040116-12102006></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=240375821-28092006><FONT face=Arial></FONT></SPAN><SPAN
class=240375821-28092006><SPAN style="FONT-SIZE: 13.5pt; COLOR: black"><SPAN
style="mso-spacerun: yes"><STRONG><FONT face=Arial
size=2></FONT></STRONG><STRONG><FONT face=Arial
size=2></FONT></STRONG></SPAN></SPAN></SPAN><FONT face=Arial><B><SPAN
lang=en-us><FONT size=2></FONT></SPAN></B></FONT> </DIV>
<DIV><FONT face=Arial size=2><B><SPAN lang=en-us></SPAN></B></FONT><FONT
face=Arial size=2><B><SPAN lang=en-us></SPAN></B></FONT> </DIV>
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